Joachim company has 300 units costing $10 per unit in beginning inventory. during the year, the company purchases an additional 1,000 units costing $20 per unit and sells 1,200 units. the company has used the lifo inventory method for the past 5 years. if the company had purchased 1,200 units, pretax income would have been

Biochemical corp. requires $600,000 in financing over the next three years. the firm can borrow the funds for three years at 10.80 percent interest per year. the ceo decides to do a forecast and predicts that if she utilizes short-term financing instead, she will pay 7.50 percent interest in the first year, 12.15 percent interest in the second year, and 8.25 percent interest in the third year. assume interest is paid in full at the end of each year. a)determine the total interest cost under each plan. a) long term fixed rate: b) short term fixed rate: b) which plan is less costly? a) long term fixed rate plan b) short term variable rate plan