Jan sold her house on december 31 and took a $10,000 mortgage as part of the payment. the 10-year mortgage has a 10% nominal interest rate, but it calls for semiannual payments beginning next june 30. next year jan must report on schedule b of her irs form 1040 the amount of interest that was included in the two payments she received during the year.

a. what is the dollar amount of each payment jan receives?

b. how much interest was included in the first payment? how much repayment of principal was included? how do these values change for the second payment?

c. how much interest must jan report on schedule b for the first year? will her interest income be the same next year?

d. if the payments are constant, why does the amount of interest income change over time?

Oerstman, inc. uses a standard costing system and develops its overhead rates from the current annual budget.the budget is based on an expected annual output of 120,000 units requiring 480,000 direct labor hours.(practical capacity is 500,000 hours)annual budgeted overhead costs total $772,800, of which $556,800 is fixed overhead.a total of 119,300 units, using 478,000 direct labor hours, were produced during the year.actual variable overhead costs for the year were $260,400 and actual fixed overhead costs were $555,450.required: 1. compute the fixed overhead spending variance and indicate if favorable or unfavorable.2. compute the fixed overhead volume variance and indicate if favorable or unfavorable.

If the family’s net monthly income is 7,800 what percent of the income is spent on food clothing and housing?

Afirm wants to hire a project manager (pm) at a salary of $100,000. 30% of pms have high ability, and 70% of pms have low ability. high ability pms generate $120,000 in revenue and low ability pms generate $80,000 in revenue. in addition to differences in productivity, high and low ability pms have different outside offers. if a high ability pm is not hired by the firm, she can work for another company at a salary of $80,000. if the low ability pm is not hired by the firm, she can work for another company for $70,000. high ability pms are also able to get a project management professional (pmp) certification at a cost of $1,000. low ability pms are unable to get a pmp certification (they would fail the test). the firm is not able to observe a pm’s ability, but is able to observe and verify whether or not the pm has a pmp certificate.(a) draw the extensive form of the game.expert answer