Rebecca’s manager has asked her to attend training on the department’s new process for completing purchase orders and soliciting bid proposals. however, rebecca likes the current process for doing these tasks and sees no reason to change it. therefore, she refuses to attend the training. it appears that kathleen’s to attend training is low.

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?