How many years will it take you to pay off a loan of $18390 if you make semiannually payments of $6600 and the bank is charging you 7% annually? (Express your answer to two decimal places.)
The following estimates have been prepared for a project:
Fixed costs: $3,600
Depreciation: $2,400
Sales price per unit: $2
Accounting Break-even units: 24,000 units
What must be the variable cost per unit? (Round your answer to 2 decimal places.)