3.)When the hospital’s parking lotwas completed in 1980, the total cost was $500,000. At that time a sponsorgifted the hospitalwith $500,000to be used for a future replacement. Hospitaladministrators are now considering building the new facility in the year 2020. Assume that:Inflation is 8.0%per year from 1980to 2020.In 1980the hospitalinvested the gift at a market interest rate of 10.0% per year.(a) Define i, i’, f, and A$.(b) How many actual dollars in the year 2020 will the gift be worth?(c) How much would the actual dollars in 2020 be in terms of 1980purchasing power?

Caleb construction (cc) incurs supervisor salaries expense in the construction of homes. if cc manufactures 100 homes in a year, fixed supervisor salaries will be $400,000. with the current construction supervisors, cc's productive capacity is 150 homes in a year. however, if cc is contracts to build more than 150 homes per year, it will need to hire additional supervisors, which are hired as full-time rather than temporary employees. cc's productive capacity would then become 200 homes per year, and salaries expense would increase to $470,000. how would cc’s salaries expense be properly classified? fixed variable mixed stepped curvilinear