Assignment

Chapter 8

Broadway Carpets sells designer rugs at retail for $875.88. If a 50% markup based on cost is added, what is the cost of the designer rugs?

A. What is the cost of a desk lamp at Urban Accents if the selling price is $49.95 and the markup is 70% based on the cost?

b. What is the amount of the markup?

Prestige Produce purchases 460 pounds of sweet potatoes at $0.76 per pound. If a 10% spoilage rate is anticipated, at what price per pound should the sweet potatoes be sold to achieve a 35% markup based on selling price?

Do not enter units in your answer.

If the markup on an oven is 200% based on cost, what is the corresponding percent markup based on selling price?

Round percents to the nearest tenth of a percent. Do not enter the percent symbol in your answer.

Chapter 9

Use the percentage method of income tax calculation to complete the following payroll roster.

Use the percentage method of income tax calculation to complete the following payroll roster.

Amazon Appliance Company has three installers. Larry earns $355 per week, Curly earns $460 per week, and Moe earns $585 per week. The company's SUTA rate is 5.4%, and the FUTA rate is 6.0% minus the SUTA. As usual, these taxes are paid on the first $7,000 of each employee's earnings.

a. How much SUTA and FUTA tax does Amazon owe for the first quarter of the year?

b. How much SUTA and FUTA tax does Amazon owe for the second quarter of the year?

Chp10

Suppose you take out a loan for 170 days in the amount of $10,500 at 5% ordinary interest. After 20 days, you make a partial payment of $1,500. After another 90 days, you make a second partial payment of $2,000. What is the final amount due on the loan?

Suppose you take out a loan for $10,000, at 7% ordinary interest. If the amount of interest is $412.22, what is the time period? Round any fraction to the next higher day.

Sun Jung takes out a loan of $4,000, at 5% interest, for 51 months. Use the formula MV = P + I to find the maturity value.

Kit and Capoodle Pets borrows $6,000, at 101/2% interest, for 184 days. If the bank uses the exact interest method, how much interest will the bank collect?

You sign a simple discount promissory note for $11,000 at a discount rate of 10%, for 3 months. What are the proceeds?

What is the effective interest rate of a simple discount note for $11,000 at a bank discount rate of 12%, for 24 months? Round your answer to the nearest tenth percent.

Use the exact interest method to find the rate of interest that Zahir Antiques pays on a loan of $10,500 for 222 days if the amount of interest is $447.04. Round to the nearest tenth percent.

Do not enter the percent symbol in your answer.

The business manager of Kit and Capoodle Pets arranges a loan of $2,000, at 5% interest, for 60 months. Find the amount of interest.

Chapter 11

Solve the following by using the present value formula.

Solve the following by using the present value formula.

For the following investment, find the total number of compounding periods and the interest rate per period.

Do not enter the percent symbol in your answer.

Solve the following word problem by using Table 11-2.

Stuart Daniels estimates that he will need $25,000 to set up a small business in 7 years.

a. How much must Stuart invest now at 8% interest compounded quarterly to achieve his goal?

b. How much compound interest will he earn on the investment?

Chap 19

Chong needs temporary property insurance to cover her home for a period of 10 months. Based on Table 19-5 what would be her short-rate premium if the annual premium is $591.00? Round your answer to the nearest cent.

Attachment:- Table_11-2_and_19-5.rar