(Answered) Psc will borrow 2 million using a secured ten-year

Management Studies

PSC will borrow $2 million using a secured ten-year interest-only loan at an interest rate of 5% per annum to partly finance the new ferry. The loan requires annual interest payments of $100,000 starting in one year's time. Today, inventory will need to increase by $110,000 to $610,000. Accounts receivable will increase to $750,000 from the current figure of $660,000

Is the working capital -1360000?

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Business Management, Management Studies

Category:- Business Management
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