1. If everything else is held constant a decrease in notes payable has what impact on cash?
a. It has no impact
b. It increase cash
c. It reduces cash
2. If everything is held constant, an decrease in accounts receiveable has what impact on cash?
a. Has no Impact
b. It increases cash
c. It reduces cash
3. What is the value today of $3,300 per year, at a discount rate of 8 percent, if the first payment is received 7 years from today and the last payment is received 25 years from today?