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1-The cash balance for Whitman Corporation's cash budget shows an available balance for the month of $139,000. The month's beginning cash balance is $100,000. What
1-The cash balance for Whitman Corporation's cash budget shows an available balance for the month of $139,000. The month's beginning cash balance is $100,000. What is the net cash flow for the month? (Enter your answer in dollars and cents).
2-Assume you skip the discount and pay at the end of the net period for the following credit terms: 1/10, net 42. Calculate the APY for the trade credit. (Enter your answer as a percentage accurate to TWO (2) decimal places).
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