MAMD.M.D.1A: Part of the agreement between your spouse and yourself for purchasing a larger house than you could currently afford was that you would build a garden and sell produce to make some extra money. Your plan is that the garden proceeds will cover 20% of your $1,500 mortgage payment for four months during the year. The Homeowner association has recently reinforced that 'food-production' space must be in the backyard and may not consume more that 20% of the backyard. If your backyard is 60' x 130', how many dollars per garden square foot will you need to average per production month in order to meet your planned mortgage reduction? Your answer: O $1.35 per square foot $0.96 per square foot O $0.38 per square foot O $0.19 per square foot

Bose International Inc. had total revenue of $92,150 last year. Its total variable costs and fixed costs for the period were $22,850 and $22,700, respectively. Compute the break-even point in sales dollars. Sales at Break-even: $ (Round off to the nearest cent)

Dick and Jane are getting ready to purchase a new home. they are looking to take out a 30 year lone and know the current rate is 45% if they can afford to pay $1000 monthly payments ignoring other costs, than how much money can they borrow for the home purchase

Ben Halls is trying to decide whether to lease or purchase a new car costing $18,000. If he leases, he’ll have to pay a $600 security deposit and monthly payments of $450 over the 36-month term of the closed-end lease. Ben could earn 1% on the amount of any down payment or security deposit. On the other hand, if he buys the car then he’ll have to make a $2,400 down payment and will finance the balance with a 36-month loan with a 4% interest rate; he’ll also have to pay a 6 per cent sales tax ($1,080) on the purchase price, and he expects the car to have a residual value of $6,500 at the end of 3 years. Ben can earn 4 per cent interest on his savings.Use the automobile lease versus purchase analysis form in ‘ws_Car Lease or Purchase Analysis’ to find the total cost of both the lease and the purchase and then recommend the best strategy for Ben.