Your university is running a special offer on tuition. this year's tuition cost is $16,000. next year's tuition cost is scheduled to be $16,640. the university offers to discount next year's tuition at a rate of 4% if you agree to pay both years' tuition in full today. how much is the total tuition bill today if you take the offer?

Croy inc. has the following projected sales for the next five months: month sales in units april 3,850 may 3,875 june 4,260 july 4,135 august 3,590 croy’s finished goods inventory policy is to have 60 percent of the next month’s sales on hand at the end of each month. direct material costs $2.50 per pound, and each unit requires 2 pounds. raw materials inventory policy is to have 50 percent of the next month’s production needs on hand at the end of each month. raw materials on hand at march 31 totaled 3,741 pounds. 1. determine budgeted production for april, may, and june. 2. determine the budgeted cost of materials purchased for april, may, and june. (round your answers to 2 decimal places.)