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Assume you are the treasurer of Fullmer Products Inc. and one of your responsibilities is to ensure that the company always takes available cash discounts

Assume you are the treasurer of Fullmer Products Inc. and one of your responsibilities is to ensure that the company always takes available cash discounts on purchases. The corporation 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 accounts receivable balance is $205,000. What alternatives would you consider for obtaining the necessary cash? Discuss.

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