Irene, a college student, wants to purchase a new bmw automobile. she goes to auto dealer and finds exactly the car she wants, and she wants to finance the car. auto dealer will not sell the car to irene on credit based on irene's own credit standing. auto dealer requires irene to find a co-signer for the purchase and credit contract. irene asks her mother to agree to pay the debt if she defaults. if irene's mother signs such a document, this is known as a irene's mother on the loan.

Garfield corporation is considering building a new plant in canada. it predicts sales at the new plant to be 50,000 units at $5.00/unit. below is a listing of estimated expenses. category total annual expenses % of annual expense that are fixed materials $50,000 10% labor $90,000 20% overhead $40,000 30% marketing/admin $20,000 50% a canadian firm was contracted to sell the product and will receive a commission of 10% of the sales price. no u.s. home office expenses will be allocated to the new facility. the contribution margin ratio for garfield corporation is