Bernhardt Appliances, Inc., located in central Ohio, is a small manufacturer of washing machines and dryers. Bernhardt sells most of its appliances to large, established discount retail companies that market the appliances under their own names. Bernhardt sells the appliances on trade credit terms of n/60. If a customer wants a longer term, however, Bernhardt will accept a note with a term of up to million immediately. Its cash balance is $400,000, its accounts receivable balance is $4.6 million, and its notes receivable balance is $7.4 million. How might Bernhardt Appliance’s management use its accounts receivable and notes receivable to raise the cash it needs? What are the company’s prospects for raising the needed cash?