Shale Remodeling uses time and materials pricing. It is setting prices for next year using the following information: Labor rate, including fringe benefits $ 84 per hour Annual labor hours 6,380 hours Annual materials purchases $ 1,222,000 Materials purchasing, handling, and storage $ 244,400 Overhead for depreciation, taxes, insurance, etc. $ 689,040 Target profit margin for both labor and materials 25 % What is the total price for a project requiring 190 direct labor hours and $180,000 of materials

Amanda rice has just arranged to purchase a $640,000 vacation home in the bahamas with a 20 percent down payment. the mortgage has a 7 percent apr compounded monthly and calls for equal monthly payments over the next 30 years. her first payment will be due one month from now. however, the mortgage has an eight-year balloon payment, meaning that the balance of the loan must be paid off at the end of year 8. there were no other transaction costs or finance charges. how much will amanda’s balloon payment be in eight years