微信扫一扫
实时资讯全掌握
| Garner Products is considering a new accounts payable and cash disbursement process, which is projected to add 3 days to the disbursement schedule without having significant negative effects on supplier relations. Daily cash outflows average $1,500,000 Garner is in a short-term borrowing position for 8 months of the year and in an investment position for 4 months. On an annual basis, bank lending rates are expected to average 7% and marketable securities yields are expected to average 4%. What is the maximum annual expense that Garner could incur for this new process and still break even? A. $90,000 B. $180,000 C. $270,000 D. $315,000 |