You need to borrow$23,000to buy a truck.The current loan rate is7.8%compounded monthly and you want to pay the loan off in equal monthly payments over five years.What is your monthly payments?(round to the nearest cent)

a. $ 383.33

b. $ 464.16

c. $ 477.51

d. $1,814.02

e. None of the above

You have recently been hired to improve the performance of Multiplex Corporation, which has been experiencing a severe cash shortage. As one part of your analysis, you want to determine the firm s cash conversion cycle. Using the following information and a 365-day year, what is your estimate of the firm s current cash conversion cycle?

Current inventory = $120,000

Annual sales = $600,000

Accounts receivable = $157,808

Accounts payable = $25,000

Total Cost of Goods Sold = $365,000

a. 49 days

b. 100 days

c. 144 days

d. 168 days

e. 191 days