A prudent financial manager would use short-term financing today when: I. Short-term interest rates are currently lower than long-term interest rates II. Short-term interest rates are currently lower but expected to increase in the future III. Short-term interest rates are currently higher than they are expected to be in the future

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Aaron corporation, which has only one product, has provided the following data concerning its most recent month of operations: selling price $ 102 units in beginning inventory 0 units produced 4,900 units sold 4,260 units in ending inventory 640 variable costs per unit: direct materials $ 20 direct labor $ 41 variable manufacturing overhead $ 5 variable selling and administrative expense $ 4 fixed costs: fixed manufacturing overhead $ 64,200 fixed selling and administrative expense $ 2,900 the total contribution margin for the month under variable costing is: