business mathematics

Sigchi4life
Category:
Business & Finance
Price: $50 USD

Question description

tional Homework by Learning Unit/ Unit 1, Question no 4

   

Question 8

(15 points) (10 min)

Consumers, community activists, and politicians are decrying the new line of accounts because several include a $3 service charge for some customers who use bank tellers for transactions that can be done through an automated teller machine.

Bill Wade banks at a local bank that charges this fee. He was having difficulty balancing his check book because he did not notice this fee on his bank statement.

His bank statement showed a balance of $822.18. Bill's checkbook had a balance of $206.48. Check No. 406 for $116.08 and Check No. 407 for $12.50 were found outstanding.

A $521 deposit was not on the statement. Bill has his payroll check electronically deposited to this checking account - the payroll check was for $1'015.12. (Bill's payroll checks vary each month.) There are also a $1 service fee and a teller fee of $6.

Complete Bill's bank reconciliation.

Please indicate the sign (+ or -) and complete the empty spaces where applicable

Checkbook balance

$

206.48

Bank statement balance

$

822.18

……………………………

$

…………………

……………………………

$

…………………

……………………………

$

…………………

……………………………

$

…………………

……………………………

$

…………………

……………………………

$

…………………

Reconciled balance

$

…………………

Reconciled balance

$

…………………

NB: Do not vorget that "reconciled balance" means the Balance was agree!

Question 9

(10 points) (10 min)

Solving word problems for the Unknown

Eileen Haskin's utility and telephone bills for the month totaled $180.

The utility bill was 3 times as much as the telephone bill. How much was each bill?

Unknown(s)  Variable(s)  Relationship

…………………..

………..

……………………………………...  =  Total bill

…………………..

………..

Total bill =  $180

Indicate your detailed calculation below:

   

Question 12

(10 points) (10 min)

Markup based on selling price

Bari Jay, a gown manufacturer, received an order for 600 prom dresses from China. Her cost is $35 a gown.

If her markup based on the selling price is 79%, what is the selling price of each gown?

Round tho the nearest cent.

Indicate your answer with your detailed calculation below:

Question 13

(5 points) (5 min)

Simple interest and maturity value

Principal

Interest rate

Time

Simple interest

Maturity value

$17'000

2 1/2 %

18 months

$ ………

$ ………….

Indicate your detailed calculation below:


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