Your firm invested $2,497,700 in 310-day commercial paper today. At the end of the investment period (in 310 days) the firm will receive $2,596,100.

a. What is the 310-day holding period rate of return on the investment? (Round your answer to 2 decimal places.)

HPR %

b. How many 310-day periods are there in one year? (Use a 365-day year. Round your answer to 4 decimal places.)

Number of periods %

c. What is the annual percentage rate APR earned on the investment? (Round your answer to 2 decimal places.)

APR %

d. What is the effective annual rate (EAR)? (Round your answer to 2 decimal places.)

EAR %

Vortex company operates a retail store with two departments. information about those departments follows. department a department b sales $ 800,000 $ 450,000 cost of goods sold 497,000 291,000 direct expenses salaries 125,000 88,000 insurance 20,000 10,000 utilities 24,000 14,000 depreciation 21,000 12,000 maintenance 7,000 5,000 the company also incurred the following indirect costs. salaries $36,000 insurance 6,000 depreciation 15,000 office expenses 50,000 indirect costs are allocated as follows: salaries on the basis of sales; insurance and depreciation on the basis of square footage; and office expenses on the basis of number of employees. additional information about the departments follows. department square footage number of employees a 28,000 75 b 12,000 50 required: 1. determine the departmental contribution to overhead and the departmental net income for department a and department b.