Monthly loan payments Tim Smith is shopping for a used car. He has found one<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:o ffice" />

priced at $4,500. The dealer has told Tim that if he can come up with a down payment

of $500, the dealer will finance the balance of the price at a 12% annual rate

over 2 years (24 months).

a. Assuming that Tim accepts the dealer�s offer, what will his monthly (end-ofmonth)

payment amount be? $182.74

b. Use a financial calculator or Equation 4.15a (found in footnote 9) to help you

figure out what Tim�s monthly payment would be if the dealer were willing to

finance the balance of the car price at a 9% annual rate.

Xie company identified the following activities, costs, and activity drivers for 2017. the company manufactures two types of go-karts: deluxe and basic. activity expected costs expected activity handling materials $ 625,000 100,000 parts inspecting product 900,000 1,500 batches processing purchase orders 105,000 700 orders paying suppliers 175,000 500 invoices insuring the factory 300,000 40,000 square feet designing packaging 75,000 2 models required: 1. compute a single plantwide overhead rate, assuming that the company assigns overhead based on 125,000 budgeted direct labor hours. 2. in january 2017, the deluxe model required 2,500 direct labor hours and the basic model required 6,000 direct labor hours. assign overhead costs to each model using the single plantwide overhead rate.

T-comm makes a variety of products. it is organized in two divisions, north and south. the managers for each division are paid, in part, based on the financial performance of their divisions. the south division normally sells to outside customers but, on occasion, also sells to the north division. when it does, corporate policy states that the price must be cost plus 20 percent to ensure a "fair" return to the selling division. south received an order from north for 300 units. south's planned output for the year had been 1,200 units before north's order. south's capacity is 1,500 units per year. the costs for producing those 1,200 units follow

You want to have $80,000 in your savings account 11 years from now, and you’re prepared to make equal annual deposits into the account at the end of each year. if the account pays 6.30 percent interest, what amount must you deposit each year? (do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.)