Billy bob is the sole proprietor of billy bob's smokers and is a fabricator of competition-level, wood-fired smokers. billy bob is introducing a home-grade version of his smoker and has a contract with a local distributor to produce and deliver 50 units for sale during the summer. more specifically, billy bob is required to deliver the first 6 units in may, the next 10 units in june, 14 more in july, and the remaining 20 in august. the first unit produced for delivery in may required 40 hours of labor and the second unit took 30 hours of labor to complete. assuming a learning rate can be established based on the first two production units, will billy bob be able to meet his contractual obligations? billy bob works 160 hours per month. you must show all work used to answer the question. that is, provide the number of labor hours that billy bob will consume in each month to produce the number of smokers indicated.

Richardson hired j.c. flood company, a plumbing contractor, to correct a stoppage in the sewer line of her house. the plumbing company's 'snake' device, used to clear the line leading to the main sewer, became caught in the underground line. to release it, the company excavated a portion of the sewer line in richardson's backyard. in the process, the company discovered numerous leaks in a rusty, defective water pipe that ran parallel with the sewer line. to meet public regulations, the water pipe, of a type no longer approved for such service, had to be replaced either then or later, when the yard would have to be excavated again. the plumbing company proceeded to repair the water pipe. though richardson inspected the company's work daily and did not express any objection to the extra work involved in replacing the water pipe, she refused to pay any part of the total bill after the company completed the entire operation. j.c. flood company then sued richardson for the costs of labor and material it had furnished. (c) for what, if anything, should richardson be liable? explain."

3. describe the purpose of the sec. (1-4 sentences. 2.0 points)

Aborrower takes out a 30-year adjustable rate mortgage loan for $200,000 with monthly payments. the first two years of the loan have a "teaser" rate of 4%, after that, the rate can reset with a 5% annual payment cap. on the reset date, the composite rate is 6%. what would the year 3 monthly payment be?