Select the items that describe why consumption might increase during periods of economic growth. select all that apply. a. workers receive higher wages. b. more people acquire jobs and earn wages. c. the cost of borrowing money is lowered. d. companies close and reduce labor forces.

Highland company produces a lightweight backpack that is popular with college students. standard variable costs relating to a single backpack are given below

During the holiday season, maria's department store works with a contracted employment agency to bring extra workers on board to handle overflow business, and extra duties such as wrapping presents. maria's is using during these rush times.

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