Heading 2 Heading 1 Title 6. The balance sheet of Pretzel Factory, Inc. had the following balances for the beginning and end of the month: Beginning Ending BalanceBalance $21,400 $16,800 Cash Accounts Receivable 4740o nventory Net Fixed Assets Accounts Payable S4900 77,400 203,800 83,800 211,600 56,900 6900 170,000185,000 Long-Term Debt What happens to net working capital for the month? a. Down $6,100 b. Down $7,400 c. Up $7,400 d. Down $8,100 e. Up $8,100 7. You want to purchase a new condominium that costs $347,396 today. Your plan is to pay 30 percent down in cash and finance the balance over 25 years at 6.25 percent. What will be your monthly mortgage payment? a. $1,604 b. $1,834 c $1,908 d. $2,170 e. $2,292 8. You would like to buy a new automobile. You have $50,000, but the car costs 568,500. If you can eam 9 percent, how much do you have to invest today to buy the car in two years? Assume the price of the car will stay the same. a $50,000 is enough b. Need $8,500 more Need $7,655 more d. S50.000 is enough if the interest rate is 12.25% e Need 11,235 more 9. The manager of a Boutique shop has approved your application for credit. The maximum payment that has been approved is $80 a month for 24 months. The APR (annual rate) is i 5.7 percent, compounded monthly. What is the maximum purchase that you can make today given this credit approval? a $1,278.90 b. $1,33142 C. $1,433.84 d. $1,638.67 e. $2000.00