The most recent income statement for the Chicago Branch of Illinois State Bank is presented below: Sales $65,000 Variable costs 32,000 Contribution margin 33,000 Avoidable fixed costs 14,000 Unavoidable fixed costs 22,000 Operating loss $(3,000) Illinois State Bank is thinking about eliminating the Chicago Branch. If the branch is eliminated, Illinois State Bank's operating income will .

Precision dyes is analyzing two machines to determine which one it should purchase. the company requires a rate of return of 15 percent and uses straight-line depreciation to a zero book value over the life of its equipment. ignore bonus depreciation. machine a has a cost of $462,000, annual aftertax cash outflows of $46,200, and a four-year life. machine b costs $898,000, has annual aftertax cash outflows of $16,500, and has a seven-year life. whichever machine is purchased will be replaced at the end of its useful life. which machine should the company purchase and how much less is that machine's eac as compared to the other machine's

Identify the three components of a family's culture and provide one example from your own experience

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?