Homework.

How do I solve this?

Permanent versus seasonal funds requirements.Manchester Industries' current, fixed, and total assets for each month of the coming year are summarized in the following table.

MonthCurrentFixedTotal assets

assetsassets[(1) + ( 2 )]

( 1 )( 2 )( 3 )

January $ 15,000$ 30,000$ 45,000

February22,00030,00052,000

March30,00030,00060,000

April18,00030,00048,000

May10,00030,00040,000

June6,00030,00036,000

July9,00030,00039,000

August9,00030,00039,000

September15,00030,00045,000

October20,00030,00050,000

November22,00030,00052,000

December20,00030,00050,000

a. Divide the firm's monthly total funds requirement (total assets) into apermanentand aseasonalcomponent.

b.Find the monthly average (1) permanent and (2) seasonal funds requirements using your findings ina.