You have agreed to a $30,000 fixed-rate loan from People's Bank today and promise to repay the loan with 24 equal monthly payments at an APR of 4.50%. What is the EAR of this loan?

A popular recording artist breaches her contract with ABC Company by agreeing to record for XYZ's company, a competing record company. A court that hears the dispute will:

A. order the artist to record for ABC. B. issue an injunction preventing the artist from recording for XYZ. C. order the artist to record for both companies. D. order XYZ to provide a comparable artist to ABC as compensation.

Speedy Bikes Couriers Company prepared the following static budget for the year

Static Budget Units/Volume 5,000 Per Unit Sales Revenue $7.00 $35,000 Variable Costs 1.50 7,500 Contribution Margin 27,500 Fixed Costs 4,000 Operating Income/(Loss) $23,500 If a flexible budget is prepared at a volume of 8,400, calculate the amount of operating income. The production level is within the relevant range. A) $23,500 B) $12,600 C) $42,200 D) $4,000