Jocelyn is considering taking out one of the two following loans. Loan H is a three-year loan with a principal of $5,650 and an interest rate of 12. 24%, compounded monthly. Loan I is a four-year loan with a principal of $6,830 and an interest rate of 10. 97%, compounded monthly. Which loan will have the smaller monthly payment, and how much smaller will it be? Round all dollar values to the nearest cent. A. Loan H's monthly payment will be $42. 46 smaller than Loan I's. B. Loan H's monthly payment will be $140. 79 smaller than Loan I's. C. Loan I's monthly payment will be $11. 88 smaller than Loan H's. D. Loan I's monthly payment will be $26. 98 smaller than Loan H's.

Activity-based costing (abc) is not truly a cost collection mechanism as much as it is an inventory valuation method. the main purpose for implementing an activity-based cost system is to try to overcome some of the cost distortions that occur in traditional costing from product differences when there are variations in size and complexity. however, one of the disadvantages of utilizing abc is that the additional information gathering necessary to implement costing with that level of detail might be beyond the reach of some companies with resource or financial constraints. with this in mind, what kinds of industries or companies do you think would benefit most from using activity-based costing and why? in designing or modifying an accounting system to capture appropriate costs for abc, what considerations do you think would need to be made?