Assume you are the treasurer for Fullmer Products Inc. and one of your responsibilities is to ensure

Question:

Assume you are the treasurer for Fullmer Products Inc. and one of your responsibilities is to ensure that the company always takes available cash discounts on purchases. The needs $150,000 within one week in order to take advantage of current cash discounts. The lending officer at the bank insists on adequate collateral for a $150,000 loan. For various reasons, your plant assets are not available as collateral, but your balance is $205,000. What alternatives would you consider for obtaining the necessary cash?

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