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Garrick is purchasing equipment for his job as a builder. The equipment costs $1000 and he wants to make monthly payments of $125. He has two different credit cards that he can use to finance the purchase. • Card A charges 9.9%, compounded daily, but it also charges a fee of $65 for all purchases over $1000 that is immediately added to the balance. • Card B charges 13.3%, compounded daily. What is the total cost of both options? Enter the total cost of the cheaper option here: Answer:

a homeowner is selling their home. How much transfer fee is charged at the rate of $1.10 per thousand if the sales price is $770,500 and the net proceeds are $550,000?

Suppose that you withdraw ₱ 1,500.00 from your savings account. Over the weekend, several people want to borrow money from you. Read the stories and decide to whom you will lend your money.   Story 1. Your younger sister is having a garage sale. She needs cash to make a change for the day. She will sell you a bond for ₱ 1,000.00 You will keep the bond for a week, and she promises to pay you back.   Story 2. Your older brother has a small business idea but doesn’t have any money. He wants to borrow your ₱ 1,500.00 and promises to pay you back ₱1,800.00 in four weeks.   Story 3. Your best friend at school, whom you know very well, wants to borrow your ₱1,500.00 to buy cupcakes. She plans to sell at a higher price and promises to pay you back ₱1,700.00 in two weeks.   Whose bonds will you buy? Why?

Jason Searcy buys a condominium for $96,200. He makes a 5% down payment, and pays these closing costs: property survey, $315; insect inspection, $190; legal fees, $525; and title insurance, $225. a. What is the down payment amount? b. What are the total closing costs? c. What is the total cash amount needed to buy the condominium?

3. Ali bought a computer listed at RM5,000. He was given trade discounts of 20%, 10% and 5%. No use excel. Find the net price of the computer. (RM3420)

10. You purchase a $196.00 tent, two sleeping bags at $49.50 each, a campstool for $15.95, and two air mattresses at $27.90 each. The sales tax rate is 6%. a. What is the total selling price of your purchases? b. What is the sales tax on your purchase?

1.Susanna runs a hat shop in Melbourne, VIC. During the FY20, she bought 300 hats for $99 each (incl GST) and sold those hats for $220 each (incl GST). How much should Susanna remit to the ATO once all the hats are sold? Briefly explain your calculations.

A jeweler buys a ring from a jewelry maker for $125. He marks up the price by 135% for sale in his store. What is the selling price of the ring with 7.5% sales tax?

Paula bought a new flotation tank for $8,000. She must pay 5% sales tax and 7% excise tax. The company is shipping the tank, so Paula must also pay a $15 insurance charge. What's the total purchase price of the tank?      A. $8,560 B. $8,400 C. $8,975 D. $8,960

Isabel signed a PhP9,700 note that her bank discounted. The note will mature in 108 days. The proceeds were PhP9,350.80, just enough to pay an invoice due after 108 days. What was the discount rate? A. 10% В. 11% С. 12% Answer:

Tina Mier must pay a $5,000 furniture bill. A finance company will loan Tina $5,000 for 8 months at a 9.21% discount rate. The finance company told Tina that if she wants to receive exactly $5,000, she must borrow more than $5,000. The finance company gave Tina the following formula: What to ask for = Amount of cash to be received + (1 - (Discount rate Time of loan)) a. Calculate Tina's loan request. Note: Do not round intermediate calculations. Round your final answer to the nearest cent. Loan request b. Calculate the effective rate of interest. Note: Do not round intermediate calculations. Round your final answer to the nearest hundredth percent. Effective rate of interest D % SE

invoice had the terms of 5/15, n/45.  The order amounted to $215,000.  Coming Up Roses can borrow money from the local bank at 8½% ordinary interests. How much can Coming Up Roses save by borrowing the funds for 30 days to take advantage of the cash discount?

Jane James owns an appliance store. She usually receives $50,000 worth ofappliances per month. She does not like to owe people money and alwayspays her bills on the day she receives the invoice. Someone told her thatif she delayed payment, she could actually increase her profit because themoney would be earning interest in her account. She went through her billsand found that she actually had an additional 10 days, on average, to payher invoices. She also found that she was earning 2 percent interest on themoney she had in her money market savings account.a. If she delayed payment by the 10 days, how much additional interest wouldshe earn for the year?b. Explain how this problem represents a disbursement float.

3. Trudy takes out an easy access loan for $500. It cost her $10 for every $100 and a one-time fee of $150. How much did it cost Trudy to get the loan for $500? A $250 B $300 C $200 Not Here

A specialty shop procures several antique clocks for $5,000 apiece and offers them to customers for $7,150 each. What is the mark-up, as a percentage?

Shurgurado Lhines is a dealer of cleaning materials. If it pays PhP1,875 for the vacuum cleaner and sells each at PhP4,499.50. a What is the percent markup based on selling price? b. Shurgurado Lhines decided to give a 1-year Product Replacement Policy amounting to PhP399.50. If it pays PHP75.00 to the insurance company for each product replacement policy sold, what is the percent markup based on selling price of the vacuum cleaner and policy combination? If 6,000 vacuum cleaners are sold in a season and 40% are sold with the insurance policy, how many additional "markup amount," (the gross margin), was made by offering the policy? Continuing with the information from letter c, compare the total markup amount of Shurgurado Lhines on: i. C. d. Vacuum cleaners only Combination of vacuum cleaner and policy replacement offer e. As Operations Manager for Shurgurado Lhines, what is your opinion on offering such replacement policy considering their effect on the "profit picture" of the…