Question 4 1 pts Creole Industries Inc. estimates that if it spent an additional $24,564 to hire another collection agent in its credit department, it could lower its bad-debt loss ratio to 2.8 percent from a current rate of 4 percent and also reduce its average collection period from 50 to 38 days. (Assume that sales and inventory remain unchanged if the agent is hired.) Creole's annual credit sales are $4,614,679 and its variable cost ratio is 0.75. The firm's required pretax rate of return on receivables investment (that is, the opportunity cost) is 18 percent. Determine the net effect on Creole's pretax profits of hiring the additional collection agent. Assume there are 365 days per year. Round your answer to the nearest dollar. Enter your answer in whole dollars. For example, an answer of $1.20 million should be entered as 1,200,000, not 1.20. Use minus (-) sign for negative figure. Question 6 3 pts General Cereal Company purchases various grains (for example, wheat and corn) that it processes into ready-to-eat cereals. Its annual demand for wheat is 320,000 bushels. Assume that demand is uniform throughout the year. The average price of wheat is $2.50 per bushel (delivered). Annual inventory carrying costs are 10 percent of inventory value. The costs of placing and receiving an order are $85. Assume that inventory replenishment occurs virtually instantaneously. Assume there are 365 days per year. Determine the following: . Economic order quantity Round your answer to the nearest whole number. Total annual inventory costs of this policy $ Round your answer to the nearest dollar. Optimal ordering frequency Round your answer to 1 decimal place