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Questions (39)

You own a thriving restaurant but want to change careers. Your brother offers to buy the business with the following monthly
1. 0 answers
2. 651 views
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?
1. 0 answers
2. 668 views
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
1. 2 answers
2. 857 views
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
1. 3 answers
2. 537 views
Cameron designates 10% of his monthly earnings as charitable contributions. After deducting this amount, he deposits 5% of the
1. 2 answers
2. 544 views
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?
1. 1 answer
2. 624 views
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
1. 1 answer
2. 498 views
Orchard Supply sells lawn fertilizer at a price of $12.50 per bag. If the markup is 25% of the cost, find the cost.
1. 2 answers
2. 603 views
Country Produce knows that 20% of the strawberries purchased will spoil and must be thrown out. If they buy 200 baskets of
1. 1 answer
2. 1,066 views
Assume you own a sporting goods business. Find the selling price for a tent costing $387, based on a 25% markup on selling
1. 9 answers
2. 986 views
A property management company furnishes skilled help to maintain apartment complexes. If employees are paid $16 per hour and the
1. 3 answers
2. 1,061 views
A grocer bought 300 pounds of bananas at 30 cents per pound. Experience at this store indicates that, as a result of aging, 30%
1. 1 answer
2. 776 views
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
1. 1 answer
2. 644 views
Sports Haven keeps an inventory of FITBIT Wearable Technology. Assume an inventory of 35 FitBits at the beginning of the year at
1. 2 answers
2. 1,476 views
Maggie Vitteta, single, works 40 hours per week at $13 an hour. How much is taken out for federal income tax with one
1. 1 answer
2. 1,982 views
Rhonda Brennan found her first job after graduating from college through the classifieds of the Miami Herald. She was delighted
1. 1 answer
2. 1,725 views
Jason Bradley’s uncle, Maurice, is buying a $248,500 home in Mississippi. His mortgage lender requires a 20% down payment and
1. 0 answers
2. 830 views
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
1. 0 answers
2. 596 views
Sweets Bakery makes fat-free cookies that cost $1.70 each to prepare. Sweets expects 20% of the cookies to be imperfect. Sweets
1. 1 answer
2. 890 views
Wholesale Distributors sells to its contractors with a 42% markup on cost. If the selling price for cabinets is $9,182, what is
1. 1 answer
2. 1,063 views
Icelandic skis are marked up 75% on cost. What is the equivalent rate of markup based on selling price?
1. 1 answer
2. 674 views
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
1. 1 answer
2. 829 views
Jose’, store manager for SportsHaven, does not know how to price a GE freezer that cost the store $580. Jose’ knows his boss
1. 3 answers
2. 589 views
Maytag Company earns $4.80 per share. Today the stock is trading at $59.25. The company pays an annual dividend of $1.40.Calcula
1. 3 answers
2. 2,098 views
Rafael Sandino’s parents are in their retirement years. They just received $501,000 after taxes from the sale of their
1. 1 answer
2. 868 views
A copy machine cost $2,990, after a discount of 30/12/5. What was the original list price of this machine?
1. 1 answer
2. 597 views
A survey was taken asking people which soft drink they preferred…Brite or Fuzz. 326 people reported preferring Fuzz. The
1. 2 answers
2. 1,105 views
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
1. 1 answer
2. 510 views
Yesterday, Castle Mountain Fashions had seven less than three-fourths of its sales transactions paid for by credit cards. If 209
1. 1 answer
2. 631 views
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%.
1. 1 answer
2. 801 views
Mortgage lenders base the mortgage interest rate they offer you on your credit rating. This makes it financially critical to
1. 1 answer
2. 556 views
Oprah Winfrey has closed on a 42-acre estate near Santa Barbara, California, for $50,000,000. If Oprah puts 20% down and
1. 4 answers
2. 669 views
Oprah Winfrey has closed on a 42-acre estate near Santa Barbara, California, for $50,000,000. If Oprah puts 20% down and
1. 1 answer
2. 613 views
Daniel and Jan agreed to pay $560,000 for a four-bedroom colonial homein Waltham, Mass., with $60,000 down payment. They have a
1. 1 answer
2. 1,961 views
You buy furniture for $700. The retailer finances the entire amount for one year and says you will be charged 9% interest. The
1. 1 answer
2. 964 views
In 4 years, your son will be entering college and you would like to help financially. You decide to create a college fund and
1. 1 answer
2. 642 views
Jennifer just turned 23 and can save $500 per quarter, starting in three months. If Jennifer can earn 7% compounded quarterly,
1. 0 answers
2. 497 views
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
1. 2 answers
2. 975 views
Your annual salary 12 years ago was $14,500; it is now $25,000. What is the average annual rate of increase?
1. 1 answer
2. 714 views

Answers (12)

I have tried every single problem and got inaccurate answers. Just trying to make sure if they're right or not.
C = 12.50/125% = 10 Is it correct?
1745?
Is it 490.25 or 399.99?
Could anyone please correct me?
$20.80
I am not sure what you mean? Is the answer correct?
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?
Thanks. Also, what can we do if they said 25% markup on cost instead of selling price?
Hey for b - the yield on the stock, the answer is 2.4%. I am not sure how to get that.
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.
No is asking you to answer, these questions are for those who want to help genuinely.

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