Rebecca wants to buy a new saddle for her horse. the one she wants usually costs $600, but this week it is on sale for $490. she does not have $490, but she could buy it with $60 down and pay the rest in 6 months with 9 percent interest. does rebecca save any money buying the saddle this way? (do not round intermediate calculations. round your answer to 2 decimal places.)

Garcia industries has sales of $200,000 and accounts receivable of $18,500, and it gives its customers 25 days to pay. the industry average dso is 27 days, based on a 365-day year. if the company changes its credit and collection policy sufficiently to cause its dso to fall to the industry average, and if it earns 8.0% on any cash freed-up by this change, how would that affect its net income, assuming other things are held constant? a. $241.45b. $254.16c. $267.54d. $281.62e. $296.44