Mike has saved $6,000 for a down payment on a car. he qualifies for two car loans. one has a 10% interest rate that does not require a down payment; the other has a 15% interest rate and requires a $5,000 down payment. mike chooses the first loan and does not make a down payment because he would like to reduce the total cost of the loan as much as possible. evaluate mike's decision.

select the best answer from the choices provided.
a. mike's decision reduced the total cost of his loan as much as possible because the first loan has a lower interest rate.
b. mike's decision reduced the total cost of his loan as much as possible because making a down payment would have increased the amount accruing interest.
c. to reduce the total cost as much as possible, mike should have made a down payment on the first loan even though it was not required.
d. to reduce the total cost as much as possible, mike should have chosen the second loan even though the interest rate was higher.

In december of 2004, the company you own entered into a 20-year contract with a grain supplier for daily deliveries of grain to its hot dog bun manufacturing facility. the contract called for "10,000 pounds of grain" to be delivered to the facility at the price of $100,000 per day. until february 2017, the supplier provided processed grain which could easily be used in your manufacturing process. however, no longer wanting to absorb the cost of having the grain processed, the supplier began delivering whole grain. the supplier is arguing that the contract does not specify the type of grain that would be supplied and that it has not breached the contract. your company is arguing that the supplier has an onsite processing plant and processed grain was implicit to the terms of the contract. over the remaining term of the contract, reshipping and having the grain processed would cost your company approximately $10,000,000, opposed to a cost of around $1,000,000 to the supplier. after speaking with in-house counsel, it was estimated that litigation would cost the company several million dollars and last for years. weighing the costs of litigation, along with possible ambiguity in the contract, what are three options you could take to resolve the dispute? which would be the best option for your business and why?

Which of the following would classify as a general education requirement

Calculating and interpreting eps information wells fargo reports the following information in its 2015 form 10-k. in millions 2015 2014 wells fargo net income $24,005 $24,168 preferred stock dividends $1,535 $1,347 common stock dividends $7,400 $6,908 average common shares outstanding 5,136.5 5,237.2 diluted average common shares outstanding 5,209.8 5,324.4 determine wells fargo's basic eps for fiscal 2015 and for fiscal 2014. round answers to two decimal places.