1) A firm buys T-Bills in the secondary market whose face value is 1 000 000 today by paying 967 000 TL. What is the annual return in that case if the T-Bills maturity is after 65 days?

2) A customer wants to buy a motorcyle whose price is $25 000 by writing a check payable after 3 months. The cost of producing a motorcycle is $ 20 000 and the annual interest rate is 20%. If the firm thinks that the probability of the checks payment is 0.8; will the firm accept to sell this motorcycle by extending trade credit (accepting the check) to the customer?

3) A textile firm uses 15 tons (15 000 kgs) of cotton during a year. The price of cotton is 15 TL per kg. The holding cost of keeping cotton in inventory is equal to 20% of the buying price. The acquisition cost per one order is calculated as 100 TL. Given this; calculate a) optimal (economic) order size that will minimize the costs b) How many orders must be given in a year to minimize the costs and at what intervals?

4) Sedefler Corp. has a trade credit up to 10 000 000 at a bank. Today Sedefler wants to use a revolving loan of 6 000 000. The loan is for two months. Bank requires the opening of a checking account equal to 10% of the loan and charges an annual interest rate of 18% also deducting the due interest upfront (immediately). What is the real annual cost of that loan to Sedefler Inc. ?