Under the Trustee's Sale procedure, after a Notice of Default has been recorded, a borrower has how long to reinstate by making up past payments, penalties, late charges, and trustee expenses?
a. 5 days prior to trustee's sale date
b. 90 days
c. 3 months
d. 1 year
Answer: a. 5 days prior to trustee's sale date
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If Ms. Leila wanted a long-term commitment, and not a one-time-special order, for supplying this product, calculate the most likely price to be quoted assuming the markup remains same?
Zolas' Heaters is approached by Ms. Leila, a new customer, to fulfill a large one-time-only special order for a product similar to one offered to regular customers. Zolas' Heaters has excess capacity. The following per unit data apply for sales to regular customers: Direct materials $400 Direct manufacturing labor 120 Variable manufacturing support 60 Fixed manufacturing support 200 Total manufacturing costs 780 Markup (20% of total manufacturing costs) 156 Estimated selling price $936 A) $780 B) $580 C) $520 D) $936