Paradise corporation budgets on an annual basis for its fiscal year. the following beginning and ending inventory levels (in units) are planned for next year. beginning inventory ending inventory raw material* 58,000 68,000 finished goods 98,000 68,000 *three pounds of raw material are needed to produce each unit of finished product. if paradise corporation plans to sell 570,000 units during next year, the number of units it would have to manufacture during the year would be:

Biochemical corp. requires $600,000 in financing over the next three years. the firm can borrow the funds for three years at 10.80 percent interest per year. the ceo decides to do a forecast and predicts that if she utilizes short-term financing instead, she will pay 7.50 percent interest in the first year, 12.15 percent interest in the second year, and 8.25 percent interest in the third year. assume interest is paid in full at the end of each year. a)determine the total interest cost under each plan. a) long term fixed rate: b) short term fixed rate: b) which plan is less costly? a) long term fixed rate plan b) short term variable rate plan