Schuepfer inc. bases its selling and administrative expense budget on budgeted unit sales. the sales budget shows 1,300 units are planned to be sold in march. the variable selling and administrative expense is $4.20 per unit. the budgeted fixed selling and administrative expense is $19,240 per month, which includes depreciation of $3,380 per month. the remainder of the fixed selling and administrative expense represents current cash flows. the cash disbursements for selling and administrative expenses on the march selling and administrative expense budget should be:
a. $15,860
b. $5,460
c. $24,700
d. $21,320

Emil motycka is considered an entrepreneur because

Amanda works as an industrial designer

Ummit record company is negotiating with two banks for a $157,000 loan. fidelity bank requires a compensating balance of 24 percent, discounts the loan, and wants to be paid back in four quarterly payments. southwest bank requires a compensating balance of 12 percent, does not discount the loan, but wants to be paid back in 12 monthly installments. the stated rate for both banks is 9 percent. compensating balances will be subtracted from the $157,000 in determining the available funds in part a. a-1. calculate the effective interest rate for fidelity bank and southwest bank. (do not round intermediate calculations. input your answers as a percent rounded to 2 decimal places.) a-2. which loan should summit accept? southwest bank fidelity bank b. recompute the effective cost of interest, assuming that summit ordinarily maintains $37,680 at each bank in deposits that will serve as compensating balances