On June 1, 2016, Bagby Co. purchased a new car for $36,000 with a useful life of 8 years and residual value of $4,800. If the company used double-declining-balance computed to the nearest whole year, depreciation expense for 2017 was?

Carmen’s beauty salon has estimated monthly financing requirements for the next six months as follows: january $ 9,000 april $ 9,000 february 3,000 may 10,000 march 4,000 june 5,000 short-term financing will be utilized for the next six months. projected annual interest rates are: january 9 % april 16 % february 10 may 12 march 13 june 12 what long-term interest rate would represent a break-even point between using short-term financing and long-term financing?