Heyhi

Most popular questions and responses by Heyhi
  1. Finance Math

    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

    asked on April 13, 2018
  2. Finance 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 $22.00 per hour. She completed her W-4 stating that she is married with a child and claims an

    asked on May 4, 2018
  3. Finance Math

    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.)

    asked on April 29, 2018
  4. Finance Math

    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 nearest

    asked on May 4, 2018
  5. Finance Math

    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

    asked on April 8, 2018
  6. Finance Math

    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

    asked on April 29, 2018
  7. Finance Math

    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

    asked on April 22, 2018
  8. Finance Math

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

    asked on April 15, 2018
  9. Finance Math

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

    asked on April 14, 2018
  10. Math

    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

    asked on May 6, 2018
  11. Math

    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,

    asked on May 6, 2018
  12. Math

    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?

    asked on May 10, 2018
  13. Math

    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?

    asked on May 10, 2018
  14. Finance Math

    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

    asked on April 15, 2018
  15. Finance Math

    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

    asked on April 29, 2018
  16. Math

    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?

    asked on May 6, 2018
  17. Finance Math

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

    asked on April 27, 2018
  18. Finance Math

    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

    asked on April 8, 2018
  19. Math

    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?

    asked on May 6, 2018
  20. Finance Math

    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

    asked on April 22, 2018
  21. Math

    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.

    asked on May 9, 2018
  22. Finance Math

    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

    asked on April 29, 2018
  23. Math

    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%

    asked on May 6, 2018
  24. Finance Math

    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?

    asked on April 27, 2018
  25. Finance Math

    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?

    asked on April 18, 2018
  26. Finance Math

    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 will

    asked on April 8, 2018
  27. Finance Math

    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?

    asked on April 8, 2018
  28. Math

    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

    asked on May 10, 2018
  29. Finance Math

    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?

    asked on April 27, 2018
  30. Finance Math

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

    asked on April 21, 2018
  31. Math

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

    asked on May 9, 2018
  32. Finance Math

    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?

    asked on April 18, 2018
  33. Finance Math

    Mortgage lenders base the mortgage interest rate they offer you on your credit rating. This makes it financially critical to maintain a credit score of 700 or higher. How much more interest would you pay on a $194,000 home if you put 30% down and financed

    asked on April 15, 2018
  34. Math, Finanace

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

    asked on April 8, 2018
  35. Science

    For each of the following situations, explain the most likely cause of the error and error should be corrected. a. After aspirating 300 ul with P1000, a small air space is seen at the end of the tip. b. While aspirating 1 ml with a P1000, a small air

    asked on September 3, 2018
  36. Math

    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.

    asked on May 9, 2018
  37. Math

    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

    asked on May 9, 2018
  38. Math

    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?

    asked on May 9, 2018
  39. Math

    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 missing

    asked on May 9, 2018
  40. Finance Math

    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?

    asked on April 18, 2018
  1. Math

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

    posted on May 9, 2018
  2. Math

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

    posted on May 9, 2018
  3. Finance Math

    1745?

    posted on May 8, 2018
  4. Math

    Is it 490.25 or 399.99?

    posted on May 6, 2018
  5. Math

    Could anyone please correct me?

    posted on May 6, 2018
  6. Math

    $20.80

    posted on May 6, 2018
  7. Math

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

    posted on May 6, 2018
  8. Math

    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?

    posted on May 6, 2018
  9. Finance Math

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

    posted on April 27, 2018
  10. Finance Math

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

    posted on April 22, 2018
  11. Finance Math

    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.

    posted on April 15, 2018
  12. Finance Math

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

    posted on April 11, 2018