Consider the following pairs of loan options for a $\$ 120,000$ mortgage. Calculate the monthly payment and total closing costs for each option. Explain which option you would choose and why.

Choice $1$: $30$-year fixed rate at $3.5 \%$ with closing costs of $\$ 1000$ and no points

Choice $2$: $30$-year fixed rate at $3 \%$ with closing costs of $\$ 1500$ and $4$ points

Consider the following pairs of loan options for a $\$ 120,000$ mortgage. Calculate the monthly payment and total closing costs for each option. Explain which option you would choose and why.

Choice $1$: $30$-year fixed rate at $4 \%$ with closing costs of $\$ 1200$ and no points

Choice $2$: $30$-year fixed rate at $3.5 \%$ with closing costs of $\$ 1200$ and $2$ points

A delivery service is considering the purchase of vans. The model SE costs $16,000 with an expected annual operating–maintenance cost of$2700. The model LE costs $20,000 with an expected annual operating–maintenance cost of$2400. The company needs at least nine vans and has $160,000 available for purchase. How many of each should it purchase to minimize the expected operating–maintenance costs?

Listed below are costs (or discounts) to purchase or construct new plant assets. (1) Indicate whether the costs should be expensed or capitalized (meaning they are included in the cost of the plant assets on the balance sheet). (2) For costs that should be capitalized, indicate in which category of plant assets (Equipment, Building, or Land) the related costs should be recorded on the balance sheet.

Your friend is comparing two 6-sided cubic storage bins. The yellow bin has a surface area of 9600 square centimeters and costs $25. The blue bin has a surface area of 7350 square centimeters and costs$20. a. Find the edge length of each bin. b. Which bin costs less per cubic centimeter? Explain your reasoning.

Which of the following would be true for a service company?

• a. ABC helps the company make more informed decisions about services.
• b. Service companies use only a few activities, so a plantwide overhead allocation is always appropriate.
• c. Most of the company's costs are for direct materials and direct labor. Indirect costs are a small proportion of total costs.
• d. All of the above are true.

Brent Custom Products pays 7.6% annual interest on one-half of its $3,000,000 annual inventory value. It also pays 0.65 % personal property tax on the total value of inventory . Other carrying costs include$26,000 insurance , $51,000 in labor costs, and$19,000 in overhead costs. What is the carrying cost per $1 of annual inventory , to the nearest tenth of a cent?

Two equal-mass stars maintain a constant distance apart of $8.0 \times 10^{11} \mathrm{~m}$ and revolve about a point midway between them at a rate of one revolution every $12.6 \mathrm{yr}$. $(a)$ Why don't the two stars crash into one another due to the gravitational force between them? $(b)$ What must be the mass of each star?

Considering the following pairs of choices for a $\$ 120,000$ mortgage loan. Calculate the monthly payment and total closing costs for below choice. Explain which loan you would choose and why. 1: $30$-year fixed rate mortgage at $4 \%$ with no closing costs and no points Choice 2: $30$ -year fixed rate mortgage at $3 \%$ with closing costs of $\$ 1200$ and $4$ points

Blanchard Company manufactures a single product that sells for $180 per unit and whose total variable costs are$135 per unit. The company’s annual fixed costs are $562,500. Management targets an annual pretax income of$1,012,500. Assume that fixed costs remain at $562,500. Compute the (1) unit sales to earn the target income and (2) dollar sales to earn the target income.

Giaro Boats manufactures a popular recreational vessel, the Revolution. To plan for expanded production and increased labor costs, the company carefully tracks current costs and income. The fixed cost to produce this boat is $\$ 108,000$ and the variable costs are $\$ 28,000$ per boat. If the Revolution sells for $\$ 40,000$, (a) find the profit function and (b) determine how many boats must be sold for the company to break even.

Suppose you have a student loan of $\$ 30,000$ with an $\mathrm{APR}$ of $9 \%$ for $20$ years.

a. What are your required monthly payments?

b. Suppose you would like to pay the loan off in $10$ years instead of $20$. What monthly payments will you need to make?

c. Compare the total amounts you'll pay over the loan term if you pay the loan off in $20$ years versus $10$ years.

Aspen Company estimates its manufacturing overhead to be $625,000 and its direct labor costs to be$500,000 for year 2. Aspen worked on three jobs for the year. Job 2-1, which was sold during year 2, had actual direct labor costs of $195,000. Job 2-2, which was completed, but not sold at the end of the year, had actual direct labor costs of$325,000. Job 2-3, which is still in work-in-process inventory, had actual direct labor costs of $130,000. Actual manufacturing overhead for year 2 was$825,000. Manufacturing overhead is applied based on direct labor costs.

Required
How much overhead was applied to each job in year 2?

The handwritten signs indicate that a piece of pie costs $.10\cancel{c}$ and a cup of coffee costs $.5\cancel{c}$. Assuming these are the actual prices, how many cups of coffee can you get for $\$ 1.00$?