Please answer both questions:

Apollo reports that 7 days elapses between the date a customer submits a payment to the date funds become available to Apollo. Apollos annual sales it $600,000. Determine how much Apollos cash balance increases the time to process payments is reduced by 2 days.

A 2,288

B 3,288

C 4,288

D 5,288

Following the previous question, Apollo has the opportunity to use the additional cash balances to retire short-term debt (to reduce the debt balance). If the short-term debt has an interest rate of 12%, what is the amount that Apollo can save on interest expense?

A 395

B 495

C 595

D 695