Dundee Co. reported the following for the current year: Net sales $ 80,000 Cost of goods sold $ 60,000 Beginning balance of total assets $ 115,000 Ending balance of total assets $ 85,000 Compute total asset turnover.

Aborrower takes out a 30-year adjustable rate mortgage loan for $200,000 with monthly payments. the first two years of the loan have a "teaser" rate of 4%, after that, the rate can reset with a 5% annual payment cap. on the reset date, the composite rate is 6%. what would the year 3 monthly payment be?