Business, 27.07.2021 15:40 emopandabogard4296

ost of secured short-term credit) The Marlow Sales and Distribution Co. needs $ for the 3-month period ending September 30, 2015. The firm has explored two possible sources of credit. a. Marlow has arranged with its bank for a $ loan secured by its accounts receivable. The bank has agreed to advance Marlow percent of the value of its pledged receivables at a rate of percent plus a percent fee based on all receivables pledged. Marlow's receivables average a total of $1 million year-round. b. An insurance company has agreed to lend the $ at a rate of percent per annum, using a loan secured by Marlow's inventory of salad oil. A field-warehouse agreement would be used, which would cost Marlow $ a month.

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ost of secured short-term credit) The Marlow Sales and Distribution Co. needs $ for the 3-month...

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