Central Supply purchased a toboggan for inventory this morning and paid cash for it. The time period between today and the day Central Supply

Central Supply purchased a toboggan for inventory this morning and paid cash for it. The time period between today and the day Central Supply will receive cash from the sale of this toboggan is called the:    A.  operating cycle. B.  inventory period. C.  accounts receivable period. D.  accounts payable period. E.  cash cycle. Refer to section 18.2

6.	A graphical representation of the operating and cash cycles is called a(n):    A.  operating chart. B.  cash flow time line. C.  production flow line. D.  component chart. E.  working time line. Refer to section 18.2

7.	Costs that increase as a firm acquires additional current assets are called _____ costs.    A.  carrying B.  shortage C.  order D.  safety E.  trading Refer to section 18.3

8.	Costs that decrease as a firm acquires additional current assets are called _____ costs.    A.  carrying B.  shortage C.  debt D.  equity E.  payables Refer to section 18.3