A bakery has been baking 4000 donuts a day for distribution. . The second shift has produced 1000 donuts fewer than two-thirds of the number of donuts produced by the first shift. Determine the number of donuts each shift has produced (5 marks)
Carla is paid a semi-monthly salary of $1870.80. Her regular workweek is 40 hours. Overtime is paid at time and one-half regular pay.
a) What is Carla’s hourly rate of pay?
b) What is Carla’s gross pay if she worked 7 1/2 hours overtime in one pay period? (10 marks)
Tarfex Tech intended to sell a new product in order to keep up with customer demands. The product was to be sold to consumers at $620, creating a contribution margin of $150 per unit. They spent $9800 on advertising and were able to sell 1,200 units on the first day. Determine the resulting profit (5 marks)
Your college newspaper, The Collegiate Investigator, has fixed production costs of $70 per edition, and marginal printing and distribution costs of 40¢/copy. The Collegiate Investigator sells for 50¢/copy. Write down the associated cost, revenue, and profit functions. (10 marks)
Determine the equivalent single rate of discount for each of the following series of discounts. (10 marks)
a) 18 %, 10.0%
b) 50%, 33%, 5.0%
A discount store lists an article for $875.00 less 25% and 20.5%. a competitor carries the same article for $847.90 less 21.5%. What further discount (correct to the nearest of 1%) must the competitor allow so that its net price will be the same as that of the discount store? (5 marks)
A cloth store sells a jacket for $ 550. The store’s cost is $95, and the expenses are 20% of the regular selling price. How much profit will the shop make on each sale? (5 marks)
Calculate the amount of interest that will be charged on $10680.00 borrowed for five months at 6.5%. (5 marks)
What rate of interest is paid if the interest on a loan of $55 000.00 is $125000.00 from January 31, 2014 to May 31, 2014? (10 marks)
What principal will have a maturity value of $159 000 at 5.6% p.a. in 14 months? (10 marks)
Debt payments of $500.00 due now and $1400.00 due in five months are to be repaid by a payment of $1500.00 in three months and a final payment in eight months. Calculate the size of the final payment if interest is 5%. (10 marks)
Debt payments of $400.00, $8000.00, $1600.00 are due on March 1, May 1, and December 1 of the same year. If interest is 6% calculate the single payment on August 1 of the same year that would replace the three payments. (10 marks)
Compute the amount of interest on $567.00 at 10% p.a. from May 29, 2013 to August 13, 2013 (5 marks)
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maths word was first posted on July 18, 2020 at 11:27 am.
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