Mary purchased a home in year 1 for $200,000. she made a 20-percent down payment and financed the rest with a 15 year loan at six percent. in year 1, she took out a $20,000 home equity loan and used the proceeds to go on a trip around the world. in year 2, her interest payments were $9,600 on her mortgage and $1,400 on her home equity loan. what amount can she deduct in year 2 as an itemized deduction?

Emery pharmaceutical uses an unstable chemical compound that must be kept in an environment where both temperature and humidity can be controlled. emery uses 825 pounds per month of the chemical, estimates the holding cost to be 50% of the purchase price (because of spoilage), and estimates order costs to be $48 per order. the cost schedules of two suppliers are as follows: vendor 1 vendor 2 quantity price/lb quantity price/lb 1-499 $17 1-399 $17.10 500-999 $16.75 400-799 $16.85 1000+ $16.50 800-1199 $16.60 1200+ $16.25 (a) what is the economic order quantity for each supplier? (b) what quantity should be ordered and which supplier should be used? (c) the total cost for the most economic order sire is $