The 6-month LIBOR rate is 3%, 1-year LIBOR rate is 4%, 18-month LIBOR rate is 5%, 2-year LIBOR rate is 5.5%, and 30-month LIBOR rate is 6%. These rates are semi-annual rates. Suppose Credit Suisse is considering entering into a 30-month interest rate swap with Bank of America, in which Credit Suisse will receive LIBOR and pay a fixed rate over these 30 months. The payment is made semi-annually. What is the swap rate? A. Between 5% and 5.5% B. Between 4% and 5% C. Between 3% and 4% D. Between 5.5% and 6%

The following cost and inventory data are taken from the accounting records of mason company for the year just completed: costs incurred: direct labor cost $ 90,000 purchases of raw materials $ 134,000 manufacturing overhead $ 205,000 advertising expense $ 45,000 sales salaries $ 101,000 depreciation, office equipment $ 225,000 beginning of the year end of the year inventories: raw materials $ 8,100 $ 10,300 work in process $ 5,900 $ 21,000 finished goods $ 77,000 $ 25,800 required: 1. prepare a schedule of cost of goods manufactured. 2. prepare the cost of goods sold section of mason company’s income statement for the year.