business math

Most popular questions
  1. Business math

    Choose the correct answers for (a) the total installment price, (b) the carrying charges, and (c) the number of months needed to save the money at the monthly rate to buy the item for its cash price. A dinette table with a cash price of $200 at $8.50 down

    asked by Carrie on May 5, 2016
  2. business Math

    Lane French had a bad credit rating and went to a local cash center. He took out a $100 loan payable in two weeks at $115. What is the percent of interest paid on this loan? (Do not round intermediate calculations. Round your answer to the nearest whole

    asked by marie on April 2, 2014
  3. Business math

    Sam Monte deposits $21,500 into Legal Bank which pays 6 percent interest that is compounded semiannually. By using the table in the handbook, what will Sam have in his account at the end of 6 years?

    asked by Anonymous on July 9, 2011
  4. business math

    Jen purchased a condo in Naples Florida for $699,000. She put 20% down and financed the rest at 5% for 35years. What are Jens total finance charge?

    asked by sara on April 12, 2015
  5. Business Math

    Juan Ramirez sells suits in a major department store on weekends. He earns a commission of 5 percent on the first ten suits, and if he sells more than ten, he earns an additional 3 percent on the additional suits. Last weekend Juan sold thirteen $250.00

    asked by Cassie on December 5, 2013
  6. business math

    Andres Michael bought a new boat. He took out a loan for $23,980 at 3.75% interest for 4 years. He made a $4,470 partial payment at 4 months and another partial payment of $3,180 at 9 months. How much is due at maturity?

    asked by sara on October 10, 2014
  7. Business Math

    Lisa Richter deposited $5,000 at 4% compounded semiannually for three years. At the beginning of the fourth year, Lisa deposited $2,500. What would her balance be at the end of five years assuming she is still earning 4% compounded semiannually?

    asked by John on April 24, 2016
  8. business Math

    Carl Sonntag wanted to compare what proceeds he would receive with a simple interest note versus a simple discount note. Both had the same terms: $19,500 at 8% for 2 years. Use ordinary interest as needed. a. Calculate the simple interest note proceeds.

    asked by marie on April 7, 2014
  9. business math

    Front Range Cabinet Distributors in Colorado Springs, Colorado, sells to its contractors with a 32% markup on cost. If the selling price for cabinets is $9,357, what is the cost to contractors based on cost?

    asked by stephanie on February 1, 2016
  10. Business Math

    Being inventory of 12 sets of paints at a cost of $1.50 each. During the year the store purchased 4 sets at $1.60, 6 sets at $2.20, 6 sets at $2.50, and 10 sets at $3.00. By the end of the year, 25 sets were sold. Caculate the number of paint sets in stock

    asked by Jean on December 26, 2012
  11. business math

    Samantha Vega gross weekly salary is 600 dollars her weekly federal withholding is 35 dollars . the Social Security tax is 6.2 percent of the first 90,000 . the Medicare tax is 1.45 percent of gross pay. this state tax is 1.5 percent of gross pay. each

    asked by lauran on March 5, 2013
  12. Business math

    A $15,000, 6%, 50-day note, dated November 8, is discounted at 5% on November 28. The proceeds of the note would be __________.

    asked by Blndie on January 5, 2013
  13. Business Math

    The proceeds of a $9,500.00, 10 percent simple discounted note for 95 days is?

    asked by TheRealPrincess on December 15, 2016
  14. Business Math

    John’s Bikes uses the retail inventory method. Sales at retail were $120,000.00. Net purchases were $68,000.00 at cost and $124,000.00 at retail. Beginning inventory was $32,000.00 at cost and $76,000.00 at retail. Using the retail method, what was their

    asked by Murph on April 11, 2018
  15. business math

    Sam Long anticipates he will need approximately $225,000 in 15 years to cover his 3-year-old daughter’s college bills for a 4-year degree.How much would he have to invest today at an interest rate of 8 percent compounded semiannually?

    asked by martha on October 25, 2013
  16. Business Math

    A local Barnes and Noble paid a $79.33 net price for each calculus textbook. The publisher offered a 10% trade discount. What was the publisher’s list price? (Round your answer to the nearest cent.)

    asked by Mandy on February 27, 2014
  17. Business Math

    Al Smith, who lives in Territory five, carries 10/20/5 compulsory liability insurance along with optional collision that has a $300 deductible. Al, who was at fault in an accident, caused $4,000 damage to the other auto, as well as $900 damage to his own.

    asked by Wally on January 11, 2013
  18. Business Math

    Lee Holmes deposited $ 15,000 in a new savings account at 9% interest compounded semiannually, At the beginning of year 4, Lee deposites an additional $40000 at 9% interest compounded semiannually. At the end of the 6 years what is the balance in Lee;s

    asked by Jean on December 5, 2012
  19. business math

    The Consumer Electronics show reports that the HP Spectre laptop computer starts at $99.70 for a base configuration. The model displayed at its recent show costs $1,361, $124 more than the comparable 13-inch Apple MacBook Air. If Computers-R-Us buys the HP

    asked by jahnesha on July 20, 2014
  20. business math

    Stereo Inc. sells a stereo system for $300 down and monthly payments of $80 for the next 3 years. If the interest rate is 3.25 % per month, what is the cost of the stereo?

    asked by jack on February 9, 2011
  21. Business Math

    Joyce took out a loan for $21,900 at 12 percent on March 18, 2000, which will be due on January 9, 2001. using ordinary interest, Joyce will pay back on January 9 a total amount of: Answer: $24,068.10 Ordinary interest is 360 March 18 = 77 days January 9 -

    asked by Liz on January 29, 2012
  22. Business Math

    Myerson borrowed $8,500 at 9% ordinary interest for 200 days. After 120 days, he made a partial payment of $4,000. What is the final amount due on the loan?

    asked by Ahmad on November 19, 2015
  23. Business Math

    What will be the total deduction for social security and Medicare taxes on Rony's next semimonthly paycheck of $3,960.00, if she has already earned $42,560.00 this year? (Social security tax is 6.2% of gross wages up to $106,800. Medicare tax is 1.45% of

    asked by Vic on October 17, 2015
  24. business math

    Molly Ellen, bookkeeper for Keystone Company, forgot to send in the payroll taxes due on April 15. She sent the payment November 8. The IRS sent her a penalty charge of 8.80% simple interest on the unpaid taxes of $3,600. Calculate the penalty. (Remember

    asked by Anonymous on November 25, 2014
  25. business Math

    You were offered the opportunity to purchase either a simple interest note or a simple discount note with the following terms: $33,353 at 7% for 18 months. a. Calculate the effective interest rate. (Do not round intermediate calculations. Round your final

    asked by marie on April 7, 2014
  26. Business Math

    Alicia borrowed $8,500 at 6% ordinary interest for 180 days. After 40 days, she made a partial payment of $2,000. After another 70 days, Alicia made a second partial payment of $2,000. What is the final amount due on the loan?

    asked by JaQuis on October 22, 2014
  27. business math

    A truck costs $35,000 with a residual value of $2,000. Its service life is five years. Using the declining-balance method at twice the straight-line rate, the book value at the end of 2 years is?

    asked by lawand on May 28, 2016
  28. business math

    Stereo Inc. sells a stereo system for $500 down and monthly payments of $60 for the next 4 years. If the interest rate is 1.75% per month, find: a) The cost of the stereo. b) The total amount of interest paid.

    asked by Alex on March 18, 2015
  29. Business Math

    Date|Units Purchased|Cost Per Unit January1| 10| 8.00 (Beginning inventory) January18| 50| 9.00 February20| 20| 11.00 March15| 10| 12.00 (Ending inventory: 19) The specific identification method indicates the following units to be on hand: January 1, (2);

    asked by TheRealPrincess on December 9, 2016
  30. Business Math

    a new piece of equipment cost $18,000 with a residual value of $600 and an estimated useful life of five year. Assuming twice the straight-line rate, the book value at the end of year 2 busing the declining-balance method

    asked by KayKay on July 7, 2016
  31. Business Math

    A stockholder solder her shares and made a profit of $1,408. If that is a profit of 24%, how much were her shares when she originally purchased them?

    asked by Shari on June 24, 2012
  32. business math

    Pete's warehouse has a market value of $5,000,000, the property in Pete's area is assessed at 40%of the market value. the tax rate is $105.10 per $1,000 of assessed value. what is Pete's property tax?

    asked by shawn on March 11, 2012
  33. business math

    Paul Curcio earns $8.25 per hour for regular time up to 40 hours, time-and-a-half for overtime, and double time for the midnight shift. Last week Paul worked 58 hours, including 6 on the midnight shift. What are his gross earnings?

    asked by shanise on March 8, 2014
  34. business math

    tony towing borrows of $12,250 at 9.5% interest for 320 days if bank use exact interest method how much interest will the bank collect? Round to nearest cent

    asked by angela on June 25, 2013
  35. business math

    Oprah Winfrey ha closed on a 42- acre estate near Santa Barbara California for $50,000,000 If Oprah puts down 20% down and finances at 7% for 30 years what would be her monthly pay payment.

    asked by k on March 21, 2013
  36. Business Math

    Frank's base pay rate is $15.50 per hour, with overtime pay of time-and-a-half, and double-time for holidays. Calculate her gross pay if she worked 6.5 holiday hours in addition to 38.5 hours Monday through Saturday. (Round your answer to the nearest

    asked by Shiquita on December 5, 2014
  37. Business Math

    2.) Maximizing revenue: The quantity demanded each month of the Sicard wristwatch is related to the unit price by the equation p=50/0.01x^2 + 1 (0 < or = x < or = 20) where p is measured in dollars and x is measured in units of a thousand. To yield a

    asked by pypski on December 14, 2016
  38. Business Math

    Jane is having difficulty deciding whether to put her savings in the Mystic Bank or in the Four Rivers Bank. Mystic offers a 12% rate compounded quarterly, and Four Rivers offers 14% compounded semiannually. Jane has $40,000 to invest and expects to

    asked by Ash on April 4, 2016
  39. Business Math

    A $40,000 loan at 4% dated June 10 is due to be paid on October 11. The amount of interest is (assume ordinary interest):

    asked by Carli on February 12, 2015
  40. Business Math

    You are the manager of World Wide Athlete, a chain of six sporting goods shops in your area. The shops sell 12 racing bikes per week at a retail price of $679.99. Recently, you put the bikes on sale at $599.99. At the sale price, 15 bikes were sold during

    asked by Vic on October 2, 2015
  41. business math

    A local Barnes and Noble paid a $79.44 net price for each calculus textbook. The publisher offered a 20% trade discount. What was the publisher’s list price?

    asked by melanie on February 24, 2015
  42. business math

    A second hand furniture store buys sofas with a list price of $9,500. If the wholesaler offers trade discounts of 10/20/30, find the single equivalent discount.

    asked by tia on January 29, 2015
  43. business math

    Katie Hector wants to purchase a condo in Oxford, MS, in 20 years. The cost of the condo is expected to be $180,000. Assuming she can earn 6% annually, what should Katie deposit today? $126,900

    asked by sirsir on October 26, 2017
  44. Business Math

    Abigail sells rice to store. she has a total of 125 cavans that she plans to distribute to three stores. if she gives 1/5 of what she has to store A can she devide the remaining equally to store B and C? how many store A and store B get?

    asked by Anonymous on September 3, 2017
  45. Business Math

    The proceeds of a $7,500.00, 10% simple discounted note for 85 days is:

    asked by efi on June 22, 2010
  46. Business Math

    Lena Horn bought a Toyota Tundra on January 1 for $30,000 with an estimated life of 5 years. The residual value of the truck is $5,000. Assume a straight-line method of depreciation. a. What will be the book value of the truck at the end of year 4? b. If

    asked by Stef on April 22, 2018
  47. business math

    Asia Desai deposited $6,000 in a savings account that pays 5.5 percent interest compounded daily. How much interest did she earn in 21 day

    asked by kathia on December 19, 2016
  48. business math

    Assume 450,000 people line up on the streets to see the Macy's Thanksgiving Parade in 2010. If attendance is expected to increase 30%, what will be the number of people lined up on the street to see the 2011 parade?

    asked by jahnesha on July 8, 2014
  49. Business Math

    Jones Manufacturing sent Blue Company an invoice for equipment with a list price of $10,000. The invoice is dated July 27 with terms of 2/10, EOM. Blue Company is entitled to a 40% trade discount. If the invoice is paid on September 5, how much does Blue

    asked by Jeffrey W on December 2, 2014
  50. business math

    Jill Ley took out a loan to pay for her child's education for $60,000. The loan would be repaid at the end of 8 years in one payment with an interest of 6 percent. The total amount Jill has to pay back at the end of the loan is:

    asked by Anonymous on December 26, 2011
  51. Business Math

    Oakwood plowing company purchased two new plows for the upcoming winter. Oakwood must make a single payment of 25,03 to pay for the plows. As of today he has $24,200. Asuume the Oakwood puts the money in the bank today, what rate of interest will it need

    asked by Donna on March 14, 2013
  52. Business Math

    Andres Michael bought a new boat. He took out a loan for $23,980 at 3.75% interest for 4 years. He made a $4,470 partial payment at 4 months and another partial payment of $3,180 at 9 months. How much is due at maturity?

    asked by sara on October 10, 2014
  53. business math

    If the interest rate is 3% and a total of $4,370.91 will be paid to you at the end of 3 year, what is the present value of that sum.

    asked by Jackie on June 23, 2013
  54. business math

    . Ludwig borrowed $8,000 on July 20, at 11% interest. If the loan was due on October 17, what was the amount of interest on the loan using the exact interest method?

    asked by tanisha on September 7, 2014
  55. business math

    It costs $5,600 to manufacture a Jet Ski. If the desired percent markup based on cost is 48%, how much should each Jet Ski sell for?

    asked by sandra on January 23, 2015
  56. Business Math

    Pete Air wants to buy a used Jeep in 5 years. He estimates the Jeep will cost $15,000. Assume Pete invests $10,000 now at 12% interest compounded semiannually. Calculate the maturity value of the investment

    asked by Jimmy on November 10, 2013
  57. Business Math

    What are the proceeds of a note for $5,500 at a discount rate of 8%, for 30 months?

    asked by JJ on November 3, 2013
  58. Business Math

    A newly couple has $15,000 toward the purchase of a house. For the type and size of house the couple is interested in buying, an estimated down payment of $20,000 will be necessary. How long will the money have to be invested at 10% compounded quarterly to

    asked by Lillian on March 14, 2017
  59. Business Math

    7. By using the table in the handbook, the present value of $12,000 for six years compounded at 6 percent semiannually is:

    asked by Tanisha on October 4, 2012
  60. Business Math

    Lance Lopes went to his bank to find out how long it will take for $1,700 to amount to $2,900 at 10% simple interest. Can you solve Lance’s problem?

    asked by Tonya on February 16, 2015
  61. Business Math

    Alicia borrowed $8,500 at 6% ordinary interest for 180 days. After 40 days, she made a partial payment of $2,000. After another 70 days, Alicia made a second partial payment of $2,000. What is the final amount due on the loan? a. $4,687.21 b. $4,684.62 c.

    asked by Shiquita Sol on December 12, 2014
  62. Business Math

    Treasure Mountain International School in Park City, Utah, is a public middle school interested in raising money for next year's Sundance Film Festival. If the school raises $2,989 and invests it for 1 year at 3% interest compounded annually, what is the

    asked by Jazmin on September 1, 2014
  63. business math

    Family Flowers employs 17 people, of whom 14 earn gross pay of $640 each and 3 earn gross pay of $720 each on a weekly basis. What is the employer

    asked by Jerrick Chaffin on November 24, 2014
  64. business math

    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 $14.90 per hour. She completed her W-4 stating that she is married with a child and claims an

    asked by dusty on August 13, 2018
  65. business math

    Bob makes his first deposit into an IRA earning % compounded annually on the day he turns 27 and his last deposit on the day he turns 35. (9 equal deposits in all.) With no additional deposits, the money in the IRA continues to earn % interest compounded

    asked by lauren on February 9, 2011
  66. business math

    Joan Roe Borrowed $85,000 at a rate of 113/4 percent. The date of the loan was July 8. Joan is to repay the loan on Sept 14. Assuming the loan is based on exact interest, the interest Joan will pay on Sept 14 is?

    asked by Susan on March 12, 2013
  67. business Math

    On May 12, Scott Rinse accepted an 8000.00, 12%, 90-day note for a time extension of a bill for goods bought by Ron Prentice. On June 12, Scott discounted the note at Able Bank at 10% What proceeds does Scott receive?

    asked by Anonymous on October 30, 2011
  68. Business Math

    Marcus invests $8,000, at 8% interest, compounded annually for 15 years. Calculate the compound interest for his investment.

    asked by Jasmine on March 16, 2019
  69. Business Math

    Please Help. I have worked and worked on this and just don't seem to undertand what I am suppose to do. Misu Sheet, owner of the Bedspread Shop, knows his customers will pay no more than $115 for a comforter. Misu Sheet wants to advertise the comforter as

    asked by Ruthie on October 6, 2016
  70. business math

    Classic Furniture purchases dining room sets with an invoice date of September 27, and terms of sale of 3/10, n/60. What is the net date?

    asked by Anonymous on August 24, 2013
  71. business math

    Anny invests $8,500, at 6% interest, compounded quarterly for 12 years?

    asked by sally on March 31, 2015
  72. Business Math

    What is the (net price equivalent rate-in decimals, Single Equivalent discount rate-in decimals, trade discount and net price)of a digital camera with List price $450 and chain discount 8/3?

    asked by Sandra on January 24, 2007
  73. Business Math

    Joanne and Ed Greenwood built a new barn with an attached arena. To finance the loan, they paid $1,307 interest on $45,000 at 4.0%. What was the time, using exact interest? (Do not round intermediate calculations. Round up your answer to the nearest day.)

    asked by marie on April 2, 2014
  74. Business Math

    Shelley Katz deposited $30,000 in a savings account at 5% interest compounded semiannually. At the beginning of year 4, Shelley deposits an additional $80,000 at 5% interest compounded semiannually. At the end of 6 years, what is the balance in Shelley's

    asked by Michelle on May 16, 2012
  75. Business math

    A store had 896 swimsuits that were marked to sell at $46.99. Each suit was marked down $15.90. Find the reduced price using the formula M = S – N, where M is the markdown, S is the original selling price, and N is the reduced price.

    asked by Nancy on September 8, 2013
  76. business math

    Manually calculate the compound interest on an investment of $8500 at 6% interest, compounded semiannually, for 18 mo.

    asked by sandra on March 9, 2012
  77. business math

    Meg's pension plan is an annuity with a guaranteed return of 7% interest per year (compounded monthly). She would like to retire with a pension of $20000 per month for 20 years. If she works 28 years before retiring, how much money must she and her

    asked by Liz c on October 26, 2010
  78. Business Math

    Lee and Fred are elementary school teachers. Fred works for a charter school in Pacific Palisades, California, where class size reduction is a goal for 2013. Lee works for a noncharter school where funds do not allow for class size reduction policies.

    asked by Kat on December 13, 2018
  79. Business Math

    Lee Willis loaned Audrey Chin $16000 to open Snip Its Hair Salon. After 6 years, Audrey will repay Lee with 8% interest compounded quartly. How much will Lee receive at the end of 6 years?

    asked by Jean on December 5, 2012
  80. Business Math

    The weekly payroll of Abkar Hardware includes 19 employees who earn $280.00. How much is the employer's share of total social security and Medicare taxes for the first quarter of the year?

    asked by Vic on October 17, 2015
  81. business math

    If refinishing your basement at a cost of $44,568 would add $18,520 to the resale value of your home, what percent of your cost is recouped? (Round to the nearest percent.)

    asked by jahnesha on July 7, 2014
  82. business math

    Given interest of $11,900 at 6 percent for 50 days (ordinary interest), one can caculate the principle as?

    asked by Susan on March 12, 2013
  83. business math

    Camille Keegan sells lamps for $105.55 that cost her $75.00. Camille's percent of markup based on the selling price is:

    asked by Dan on March 22, 2016
  84. Business Math

    Varsity Press, a publisher of college textbooks, received a $70,000 promissory note at 12% ordinary interest for 60 days from one of its customers, Reader’s Choice Bookstores. After 20 days, Varsity Press discounted the note at the Grove Isle Bank at a

    asked by Tee on June 19, 2013
  85. Business Math

    On May 12, Scott Rinse accepted an $8000, 12%, 90-day note for a time extension of a bill for goods bought by Ron Prentioce. On June 12, Scott discounted the note at Able Bank at 10%. What proceeds does Scott receive?

    asked by Anonymous on November 26, 2011
  86. business math

    A firm manufacture and markets a product that sells for Birr per unit .Fixed cost associated with activity total Birr 40,000 a month ,while variable cost per unit is Birr 10.A maximum of 10,000 units can be produced and sold

    asked by bitu on February 7, 2017
  87. business math

    Matty Kaminsky owns a new Volvo. His June monthly interest was $400. The rate is 8 ½ percent. Matty's principal balance at the beginning of June is: (Use 360 days)

    asked by tony on November 20, 2011
  88. business math

    Joanne and Ed Greenwood built a new barn with an attached arena. To finance the loan, they paid $1,261 interest on $52,600 at 5%. What was the time, using exact interest?

    asked by aisha on March 5, 2016
  89. BUSINESS MATH

    : The Crescent Corporation just paid a dividend of $2 per share and is expected to continue paying the same amount each year for the next 4 years. If you have a required rate of return of 13%,

    asked by T on December 17, 2014
  90. Business Math

    Ignacio obtains a loan of $9,500, at 8.75% interest, for months. Find the amount of simple interest. (Round to the nearest cent) $598.78 $658.07 $701.36 $825.55 The answer I got was $658.07, is that right?

    asked by Tee on July 6, 2013
  91. Business Math

    An invoice dated February 9 in the amount of $45,000 is received by Reliance Corporation on February 13. Cash discount terms on the invoice are 2/10, n/30. On February 18, Reliance pays in the amount of $9,000 as a partial payment on the invoice. What is

    asked by Jeffrey W on December 2, 2014
  92. business math

    Christina Hercher borrowed $50,000 on a 90 day, 8 percent note. Christina paid $3,000 toward the note on day 40. On day 60 she paid an additional $4,000 using the U>S. Rule. Christina's adjusted balance after the first payment is?

    asked by Susan on March 12, 2013
  93. Business Math

    Mel’s furniture received an invoice dated September 27 for five bedroom sets at $3,000 each. The invoice indicated a trade discount of 5/8/3. The seller of the furniture prepaid the freight of $200. Terms were 2/10 FOB. Assuming Mel pays on October 2,

    asked by Jeffrey W on December 2, 2014
  94. business math

    toby signed a simple discount promissory note for $20,000. the discount rate is 8.5%, and the term of the note is 90 days. what are toby's proceeds on the loan?

    asked by Anonymous on December 18, 2014
  95. business math

    Of the 4800 students at Medium Suburban College (MSC), 50 play collegiate soccer, 60 play collegiate lacrosse, and 96 play collegiate football. Only 6 students play both collegiate soccer and lacrosse, 6 play collegiate soccer and football, and 16 play

    asked by liz c on November 14, 2010
  96. Business Math

    Jim Company bought a machine for $36,000with an estimated lofe of 5 years. The residual value of the machine is $6,000 Calculate (a) the annual depreciation and (b) the book value at the end of year 3. Assume straight-line depreciation

    asked by Jean on December 20, 2012
  97. Business Math

    2. The interest on $6,000 at 6 percent compounded semiannually for 8 years is: (Use table in the handbook) (Points : 1)

    asked by Tanisha on October 5, 2012
  98. business math

    In how many ways can 5 ice cream toppings be chosen from 12 available toppings?

    asked by cmb on October 27, 2010
  99. business math

    The rate of bacteria growth in a laboratory experiment was measured at 11% per hour. If this experiment is repeated and begins with 6 grams of bacteria, how much bacteria should be expected after 15 hours? Round to the nearest tenth of a gram.

    asked by Anonymous on April 26, 2018
  100. Business Math

    Suppose that in a monopoly market the total cost per week of producing a high tech product is given by C(x) =3600+100x+2x^2. Suppose further that the weekly demand function for this product is p=500-2x. Find the number of units that will give the break

    asked by pypski on November 27, 2016

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