QUESTION 14 Barenbaum industries projects that cash outlays of $2.0 million will occur uniformly throughout the year. Barenbaum plans to meet its cash regrements by periodically sing marketable securities from its portfolio. The firm's marketable securities are invested to earn 12 and the cost per transaction of converting securities to cash is 27. What will be Barenbaum's total annual cost of maintaining cash balances if the company maintained an average cash balance of 507 HINT: Use 365 for transfers per year, even though used in class for this part) 19.720 $5.400 510,454 O 39.855 $5,479 QUESTION 15 Which of the following is true regarding trade credit for accounts payable management? Especially for small firms, it is often the largest source of short-term credit The credit is furnished by a firm's customers it is easy to get and spontaneous and the costs are low. oland Ill only only olland Olony oll and ill only QUESTION 14 Barenbaum industries projects that cash outlays of $2.0 million will occur uniformly throughout the year. Barenbaum plans to meet its cash regrements by periodically sing marketable securities from its portfolio. The firm's marketable securities are invested to earn 12 and the cost per transaction of converting securities to cash is 27. What will be Barenbaum's total annual cost of maintaining cash balances if the company maintained an average cash balance of 507 HINT: Use 365 for transfers per year, even though used in class for this part) 19.720 $5.400 510,454 O 39.855 $5,479 QUESTION 15 Which of the following is true regarding trade credit for accounts payable management? Especially for small firms, it is often the largest source of short-term credit The credit is furnished by a firm's customers it is easy to get and spontaneous and the costs are low. oland Ill only only olland Olony oll and ill only