You have just borrowed $260,000 to buy a condo. you will repay the loan in equal monthly payments of $2,738.38 over the next 25 years. a. what monthly interest rate are you paying on the loan? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places.) b. what is the apr? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places.) c. what is the effective annual rate on that loan? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places.) d. what rate is the lender more likely to quote on the loan?

The following cost and inventory data are taken from the accounting records of mason company for the year just completed: costs incurred: direct labor cost $ 90,000 purchases of raw materials $ 134,000 manufacturing overhead $ 205,000 advertising expense $ 45,000 sales salaries $ 101,000 depreciation, office equipment $ 225,000 beginning of the year end of the year inventories: raw materials $ 8,100 $ 10,300 work in process $ 5,900 $ 21,000 finished goods $ 77,000 $ 25,800 required: 1. prepare a schedule of cost of goods manufactured. 2. prepare the cost of goods sold section of mason company’s income statement for the year.