The landlord's favorite place to buy shrimp in New Orleans was the Cajun Seafood market on Claiborne and he did not hesitate to stock up on shrimp when he dropped by the shotgun double house he bought as an investment a few years ago. Sadly, it was 685 miles one way to visit the property and even though gas was available at $1.88 per gallon and the car achieved 25 miles per gallon, it was an expensive trip. The cheapest plane tickets that were routinely available cost $199 round trip, but occasionally there was a super sale where prices dropped lower than that. He always packed a cooler with $12 worth of ice regardless of the quantity of shrimp he bought to bring home. The shrimp were a bargain at $7.99 per pound for jumbos and he always tried to fit 35 pounds of the crustaceans in the cooler. What is the price of round trip airfare that would make the landed cost of a pound of shrimp the same for both driving and flying and what is the landed cost?

The Village of Pineville established a capital projects fund at the beginning of 2021 to construct a Village Hall. The estimated cost of the Village Hall was $2,824,000. Construction will be financed in the following manner: $ Grant from the State Issuance of general obligation (G.O.) serial bonds Estimated revenue from interest on treasury bills The following events relate to the Village Hall capital project during 2021: Village trustees approved the capital budget for the Village Hall on January 5, 2021. The referendum to issue $2,400,000 of general obligation bonds received voter approval in November, 2020. The bonds were issued for $2,448,000 on January 31, 2021. The Village trustees authorized the transfer of the premium to the debt service fund. The transfer was made in February, 2021. The Village received the $400,000 grant from the State on February 15, 2021. In early February, 2021, the architectural firm of Hudson and Judson was selected to draw the plans for the courthouse for a fee of $20,000. Plans were submitted in March, 2021, and the architectural firm was paid $20,000 in April, 2021. $2,000,000 of the bond proceeds were invested in short-term U.S treasury bills in April, 2021. The Village signed a contract with Gleeson Construction for $2,736,000 in June, 2021. 400,000 2,400,000 24,000 It was estimated that it will take 12 months to complete construction of the Village Hall. In November, 2021, the Village received a bill from Gleeson Construction for $960,000. Gleeson estimated that the courthouse was 35% complete. In early December, the Village and Gleeson Construction renegotiated the remaining 65% of the contract ($1,778,400) due to inflation in the cost of building materials. The remaining portion of the contract was increased to $1,850,000. $1,200,000 of the short-term treasury bills matured in December, 2021; interest income on the matured securities amounted to $14,000. On December 30, 2021. Gleeson was paid the amount billed less a retainage of 10%. Accrued interest income on the $800,000 of short-term treasury bills that did not mature in 2021 amounted to $9,200. The interest will be received when the treasury bills mature in February, 2022. The interest is available to pay for construction expenditures incurred in 2021.