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On June 30, 2007, Simon Company discounted a customer’s $180,000, 6-month, and 10 percent note receivable dated April 30,
1. 1 answer
2. asked by Sparkle
3. 758 views
Jane made a down payment of 1500 dollars toward the purchase of a car. To pay the balance of the purchase price, she has secured
1. 2 answers
2. asked by Camille
3. 890 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. 3 answers
2. asked by Heyhi
3. 908 views
Jennifer just turned 23 and can save $500 per quarter, starting in three months. If Jennifer can earn 7% compounded quarterly,
1. 1 answer
2. asked by Heyhi
3. 450 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. 2 answers
2. asked by Heyhi
3. 578 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. 3 answers
2. asked by Heyhi
3. 879 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. 3 answers
2. asked by Heyhi
3. 1,874 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. 2 answers
2. asked by Heyhi
3. 546 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. 5 answers
2. asked by Heyhi
3. 600 views
Mortgage lenders base the mortgage interest rate they offer you on your credit rating. This makes it financially critical to
1. 2 answers
2. asked by Heyhi
3. 497 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. 2 answers
2. asked by Heyhi
3. 714 views
Yesterday, Castle Mountain Fashions had seven less than three-fourths of its sales transactions paid for by credit cards. If 209
1. 3 answers
2. asked by Heyhi
3. 551 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. asked by Heyhi
3. 465 views
A survey was taken asking people which soft drink they preferred…Brite or Fuzz. 326 people reported preferring Fuzz. The
1. 3 answers
2. asked by Heyhi
3. 1,035 views
A copy machine cost $2,990, after a discount of 30/12/5. What was the original list price of this machine?
1. 2 answers
2. asked by Heyhi
3. 539 views
Rafael Sandino’s parents are in their retirement years. They just received $501,000 after taxes from the sale of their
1. 3 answers
2. asked by Heyhi
3. 793 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. 4 answers
2. asked by Heyhi
3. 2,023 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. 4 answers
2. asked by Heyhi
3. 515 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. 2 answers
2. asked by Heyhi
3. 752 views
Icelandic skis are marked up 75% on cost. What is the equivalent rate of markup based on selling price?
1. 2 answers
2. asked by Heyhi
3. 622 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. 2 answers
2. asked by Heyhi
3. 997 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. 2 answers
2. asked by Heyhi
3. 840 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. 2 answers
2. asked by Heyhi
3. 528 views
Jason Bradley’s uncle, Maurice, is buying a $248,500 home in Mississippi. His mortgage lender requires a 20% down payment and
1. 1 answer
2. asked by Heyhi
3. 763 views
Rhonda Brennan found her first job after graduating from college through the classifieds of the Miami Herald. She was delighted
1. 3 answers
2. asked by Heyhi
3. 1,629 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. 3 answers
2. asked by Heyhi
3. 1,911 views

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