Question 1 Ben is paid $53.50 per hour as an accountant. He is paid 1.5 times the regular rate for all time exceeding 7.5 hours in a day or 37.5 hours per week. Work on a statutory holiday is paid at double time. What were her gross earnings for a week in which she worked 6.5, 0, 4, 7.5,9, 7.5, and 9 hours on Saturday to Friday, respectively, and the Monday was a statutory holiday? Assume he will not get another day off in lieu of the holiday. Question 2 One year ago, soon after taking an investment course at Douglas College, Vanessa decided to allocate the funds in her portfolio among five securities in the amounts listed in the following table. The rate of return on each security for the year is given in the table. Find the average rate of return for the portfolio. Rate of | Amount invested (S) return for the Security year (%) АВС соmpany 17,000 25% DEF company 20,000 -4% XХА соmpany 8,000 -14% МCQ сompany 12% 25,000 YYY company 4,500 40% Question 3 The profits from a partnership are to be distributed so that Gordan receives 32% more than Kathy, and Mary receives six-eighths as much as Gordan. How much should each receive from a total distribution of $34,000? Question 4 Garry received $150 of income from an investment during the past year. This represents an income yield of 14%. If the capital gain yield for the year was 20%, what was the value of the investment (not including income) at the end of the year? Question 5 Three years ago, when the CPI was at 114.8, the members of a union were earning $31.25 per hour. Now, with the current CPI at 129.2, they are negotiating for a new hourly rate that will restore their former purchasing power. What hourly rate are they seeking? Question 6 A Lululime fashion business partnership has agreed that half of the annual profit be distributed in proportion to each partner's investment in the partnership, and that the other half be distributed in proportion to the total number of hours that each partner worked in the business during the year. In 2020 the profit of the company was $82,780. How the company should allocated this profit to its three investors if the amounts invested by Howe, Denver, and Laura are $68,000, $27,000, and $43,000, and their hours of work for the year were 420, 1170, and 1230, respectively? Question 7 A wheat company can purchase Manitoba wheat at C$208 per metric ton (1000 kg) or Washington wheat at US$190 per ton (2000 lb) (I kg=2.205 lb). How much cheaper in C$ per metric tonne is the less expensive source if US$0.805=C$1.00? Question 8 You received an invoice dated April 20 in the amount of $18,100 with terms 5/15, 1/30, n/40, 2.8% penalty per month for late payments. The merchandise is received on May 9. You sent in a partial payment of $9,200 on May 15 with intention to pay the remaining balance before the credit period expired. However, you forgot about the invoice and realized your mistake on June 29, when you submit payment in full for the invoice. What amount is the final payment?