Heyhi

Your annual salary 12 years ago was $14,500; it is now $25,000. What is the average annual rate of increase?

7 years ago

1. Your average daily balance on your charge card for the month of July is $855.28. If your card carries an annual interest rate of 15.4%, what will your finance charge be for July? 2. You buy a car from your neighbor at a price of $9,000. You pay $500 do...

7 years ago

Jennifer just turned 23 and can save $500 per quarter, starting in three months. If Jennifer can earn 7% compounded quarterly, what age will she be when she accumulates $1,000,000?

7 years ago

In 4 years, your son will be entering college and you would like to help financially. You decide to create a college fund and make four annual deposits, starting now. In four years, you would like your son to be able to make four annual withdrawals of $7,...

7 years ago

You buy furniture for $700. The retailer finances the entire amount for one year and says you will be charged 9% interest. The retailer uses the add-on method. Assuming your first monthly payment is due in one month, calculate the real annual rate you wil...

7 years ago

Daniel and Jan agreed to pay $560,000 for a four-bedroom colonial home in Waltham, Mass., with $60,000 down payment. They have a 30-year mortgage at a fixed rate of 6.00%. (a) How much is their monthly payment? (b) After the first payment, what would be t...

7 years ago

Quicken Loans reports a 30-year fixed rate mortgage at 4.9%, a 20-year mortgage at 4.75% and a and a 15-year mortgage at 4.50%. If you want to finance a $218,000 home, how much interest will you save if you refinance your loan for 15 years compared to 30...

7 years ago

Yesterday, Castle Mountain Fashions had seven less than three-fourths of its sales transactions paid for by credit cards. If 209 transactions were charged, how many total transactions took place?

7 years ago

The Bon Appetit Bakery makes 4 ½ times as much revenue on donuts as muffins. If total sales were $44,000 for May, what dollar amount of each was sold?

7 years ago

A survey was taken asking people which soft drink they preferred…Brite or Fuzz. 326 people reported preferring Fuzz. The people who liked Fuzz represented 23 less than 1/5 of the total people surveyed. How many people were surveyed?

7 years ago

A copy machine cost $2,990, after a discount of 30/12/5. What was the original list price of this machine?

7 years ago

Rafael Sandino’s parents are in their retirement years. They just received $501,000 after taxes from the sale of their vacation home and decided to invest the money in a bond mutual fund. They chose a no-load mutual fund that yields 6%. a) How much will t...

7 years ago

Maytag Company earns $4.80 per share. Today the stock is trading at $59.25. The company pays an annual dividend of $1.40. Calculate (a) the price-earnings ratio (round to the nearest whole number) and (b) the yield on the stock (to the nearest tenth perce...

7 years ago

Jose’, store manager for SportsHaven, does not know how to price a GE freezer that cost the store $580. Jose’ knows his boss wants a 25% markup on selling price. How much should Jose’ price the freezer?

7 years ago

Miguel purchased a $51,000 RV for the family. The dealer told Miguel that there is a 30 percent markup on selling price for this type of vehicle. a.) What was the amount of the dealer’s markup? b.) What was the dealer’s original cost?

7 years ago

Icelandic skis are marked up 75% on cost. What is the equivalent rate of markup based on selling price?

7 years ago

Wholesale Distributors sells to its contractors with a 42% markup on cost. If the selling price for cabinets is $9,182, what is the cost to contractors based on cost? (Round your answer to the nearest cent.)

7 years ago

Sweets Bakery makes fat-free cookies that cost $1.70 each to prepare. Sweets expects 20% of the cookies to be imperfect. Sweets wants a 40% markup on cost and produces 150 cookies. Assume that Sweets can sell the broken cookies for $1.60 each. What should...

7 years ago

Tristan Sandino was given a 20-year bond when he was twelve years old and would like to sell it on his 21st birthday. The bond has a coupon rate of 4.8% and was purchased for $580. Tristan receives interest checks every six months. If Tristan sells the bo...

7 years ago

Jason Bradley’s uncle, Maurice, is buying a $248,500 home in Mississippi. His mortgage lender requires a 20% down payment and will finance the remainder for 30 years at 5%. Closing costs will be 1% origination fee, 1 ¼ point, mortgage insurance premium of...

7 years ago

Rhonda Brennan found her first job after graduating from college through the classifieds of the Miami Herald. She was delighted when the offer came through at $22.00 per hour. She completed her W-4 stating that she is married with a child and claims an al...

7 years ago

Maggie Vitteta, single, works 40 hours per week at $13 an hour. How much is taken out for federal income tax with one withholding exemption? (Assume the overtime for each employee is a time-and-a-half rate after 40 hours.) (Round your answer to the neares...

7 years ago

Sports Haven keeps an inventory of FITBIT Wearable Technology. Assume an inventory of 35 FitBits at the beginning of the year at a cost of $44.32 each. Additional FitBits were purchased as follows: 15 at $45.50 each on March 22, 30 at $45.80 each on May 2...

7 years ago

Javier has a worm business in which he buys night crawlers from younger kids for 4 cents each and sells them for $1.25 per dozen. What is the percent markup on cost, to the nearest tenth of a percent? a. 160.4% b. 61.6% c. 96.8% d. 3.025%

7 years ago

A grocer bought 300 pounds of bananas at 30 cents per pound. Experience at this store indicates that, as a result of aging, 30% of the bananas are sold at 80% of cost and another 10% are discarded. At what price per pound must the top-quality bananas be s...

7 years ago

A property management company furnishes skilled help to maintain apartment complexes. If employees are paid $16 per hour and the company wishes to maintain a 30% markup based on the employees’ hourly pay, what hourly rate should it bill property owners? a...

7 years ago

Assume you own a sporting goods business. Find the selling price for a tent costing $387, based on a 25% markup on selling price. $387/75% = $516 can anyone tell me if this is correct?

7 years ago

Country Produce knows that 20% of the strawberries purchased will spoil and must be thrown out. If they buy 200 baskets of strawberries for $0.24 per basket and want a markup of 50% on the selling price, find the selling price per basket of strawberries.

7 years ago

Orchard Supply sells lawn fertilizer at a price of $12.50 per bag. If the markup is 25% of the cost, find the cost.

7 years ago

Clyde has the chance to buy a piece of old Pennsylvania Dutch pottery that he thinks he can resell for $500. If Clyde needs a 125% markup on cost, what price should he pay? Is the answer 200 or 222.22? 500/225% = 222.22 Is my method correct or I am missin...

7 years ago

Alex needed proceeds of $12,345. How much does he need to take out at 6% interest for 120 days to receive proceeds of $12,345?

7 years ago

Cameron designates 10% of his monthly earnings as charitable contributions. After deducting this amount, he deposits 5% of the remaining amount into a money market account earning 2%. If Cameron’s monthly earnings are $4,800 what amount interest will he e...

7 years ago

You took out a loan of $5,000 on May 2 and went back on June 15 to make a payment of $1,200. The loan was at 4% for 1 year. What was your remaining balance after making that payment? Assume an exact year.

7 years ago

Tri-Star Airlines intends to pay off a $20,000,000 bond issue that comes due in 4 years. How much must the company set aside now, at 6 % interest compounded quarterly, to accumulate the required amount of money?

7 years ago

Rob Morrisey purchased a $1,000 bond that was quoted at 102.25 and paying 8 7/8% interest. How much did Rob pay for the bond? How much annual interest will be received?

7 years ago

You own a thriving restaurant but want to change careers. Your brother offers to buy the business with the following monthly payments: $2,750 at the end of each month for 4 years, followed by $3,000 at the end of each month for 3 years. Assuming that you...

7 years ago

No is asking you to answer, these questions are for those who want to help genuinely.

7 years ago

It was me, I am sorry I did not see what you posted. This problem is related to PMT and then you're supposed to find interest with P1 and P2.

7 years ago

Hey for b - the yield on the stock, the answer is 2.4%. I am not sure how to get that.

7 years ago

Thanks. Also, what can we do if they said 25% markup on cost instead of selling price?

7 years ago

I am not sure if I should include 35. If I include 35 the answer is 130, if I don't the answer is 95. Could anyone please tell me the correct one?

7 years ago

I am not sure what you mean? Is the answer correct?

7 years ago

$20.80

7 years ago

Could anyone please correct me?

7 years ago

Is it 490.25 or 399.99?

7 years ago

1745?

7 years ago

C = 12.50/125% = 10 Is it correct?

7 years ago

I have tried every single problem and got inaccurate answers. Just trying to make sure if they're right or not.

7 years ago