You are buying a new car, and you plan to finance your purchase with a loan you will repay over 60 months. the car dealer offers two options: either dealer financing with a low apr, or a $2500 rebate on the purchase price. if you use dealer financing, you will borrow $13,000 at an apr of 3.5%. if you take the rebate, you will reduce the amount you borrow to $10, 500, but you will have to go to the local bank for a loan at an apr of 8.83%. to answer the first question below, you may need the following formula, where m is your monthly payment, in dollars, if you borrow p dollars with a term of 60 months at a monthly interest rate of r (as a decimal), and r = apr/12. m = pr(1+r)^60/(1+r)^60 -1 should you take the dealer financing or the rebate? dealer financing rebate how much will you save over the life of the loan by taking the option you chose? (round your answer to the nearest cent.)

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Areal estate agent is considering changing her cell phone plan. there are three plans to choose from, all of which involve a monthly service charge of $20. plan a has a cost of $.42 a minute for daytime calls and $.17 a minute for evening calls. plan b has a charge of $.52 a minute for daytime calls and $.15 a minute for evening calls. plan c has a flat rate of $80 with 275 minutes of calls allowed per month and a charge of $.38 per minute beyond that, day or evening.a. determine the total charge under each plan for this case: 150 minutes of day calls and 70 minutes of evening calls in a month. (do not round intermediate calculations. round your answer to 2 decimal places. omit the "$" sign in your response.)c. if the agent will use the service for daytime calls, over what range of call minutes will each plan be optimal? (round each answer to the nearest whole number.include the indifference point itself in each answer.)d. suppose that the agent expects both daytime and evening calls. at what point (i.e., percentage of total call minutes used for daytime calls) would she be indifferent between plans a and b?

Cherokee inc. is a merchandiser that provided the following information: amount number of units sold 20,000 selling price per unit $ 30 variable selling expense per unit $ 4 variable administrative expense per unit $ 2 total fixed selling expense $ 40,000 total fixed administrative expense $ 30,000 beginning merchandise inventory $ 24,000 ending merchandise inventory $ 44,000 merchandise purchases $ 180,000 required: 1. prepare a traditional income statement. 2. prepare a contribution format income statement.