Depreciation and Checking Account Balance
Hello, I need answer Math for Business and Finance Read the Isntructions first : Examination Number 06044200 Math for Business and Finance Instructions : Complete the following exam by answering the questions and compiling youtr answers into a words-processing document. Be certain to indicate the proper question number before each answer. Remember to show your work if an answer requires a mathematical solution. It's 25 questions.
1. On november 1, 2009 Broom company received a bank statement that showed a $2,950 balance. Broom showed a $4,010 checking account balance. The bank did not return the check No. 124 for $1,080 and check No 138 for $720. A $3,200 deposit made on October 30 was in transit. The bank charged Broom $12 for check printing and $18 for an NSF check. Broom forgot to record a $30 withdrawal at the ATM. The bank also collected a $400 note for Broom. Prepare a bank reconciliation.
2. Erasers costs $5 per carton and pencils cost $7 per carton. If an order comes in for a total of 15 cartons for $85, how many cartons of each were bought?
3. The price of a hamburger increased from $1.10 to $1.59. What percent did the price increase?
4. Morgan company received from Lee Company an invoice date September 27. Terms were 2/10 EOM. List PRice on the invoice was $5,000 (freight not included). Morgan receives a 9/7 chain discount. Freight charges are Morgan's responsibility but Lee agreed to repay the $150 freight charge. Morgan pays the invoice November 9. What does Morgan pay Lee?
5.Sullivan's Handbags marks up their bags at 45% of the selling price. Pat Sullivan saw a bag at a trade show that she would sell to her customers for $85. What is the most he could pay for the bag and still retain the 45% markup of the selling price?
6. Jeff Jones earns $1,200 per week. He is married and claims four withholding allowances. The FICA rate is as follows:
Social Security rate is 6.2% on $97,500; Medicare rate is 1.45%. To date his cumulative wages are
1. On november 1, 2009 Broom company received a bank statement that showed a $2,950 balance. Broom showed a $4,010 checking account balance. The bank did not return the check No. 124 for $1,080 and check No 138 for $720. A $3,200 deposit made on October 30 was in transit. The bank charged Broom $12 for check printing and $18 for an NSF check. Broom forgot to record a $30 withdrawal at the ATM. The bank also collected a $400 note for Broom. Prepare a bank reconciliation.
2. Erasers costs $5 per carton and pencils cost $7 per carton. If an order comes in for a total of 15 cartons for $85, how many cartons of each were bought?
3. The price of a hamburger increased from $1.10 to $1.59. What percent did the price increase?
4. Morgan company received from Lee Company an invoice date September 27. Terms were 2/10 EOM. List PRice on the invoice was $5,000 (freight not included). Morgan receives a 9/7 chain discount. Freight charges are Morgan's responsibility but Lee agreed to repay the $150 freight charge. Morgan pays the invoice November 9. What does Morgan pay Lee?
5.Sullivan's Handbags marks up their bags at 45% of the selling price. Pat Sullivan saw a bag at a trade show that she would sell to her customers for $85. What is the most he could pay for the bag and still retain the 45% markup of the selling price?
6. Jeff Jones earns $1,200 per week. He is married and claims four withholding allowances. The FICA rate is as follows:
Social Security rate is 6.2% on $97,500; Medicare rate is 1.45%. To date his cumulative wages are