Southern company is preparing a cash budget for april. the company has $12,000 cash at the beginning of april and anticipates $30,000 in cash receipts and $34,500 in cash disbursements during april. southern company has an agreement with its bank to maintain a minimum cash balance of $10,000. to maintain the required balance during april, the company must

Biochemical corp. requires $600,000 in financing over the next three years. the firm can borrow the funds for three years at 10.80 percent interest per year. the ceo decides to do a forecast and predicts that if she utilizes short-term financing instead, she will pay 7.50 percent interest in the first year, 12.15 percent interest in the second year, and 8.25 percent interest in the third year. assume interest is paid in full at the end of each year. a)determine the total interest cost under each plan. a) long term fixed rate: b) short term fixed rate: b) which plan is less costly? a) long term fixed rate plan b) short term variable rate plan