Reference no: EM133213836

1. $1,750 was invested on March 18, 2022. If the simple interest rate offered was 5.13% per annum, find the interest received on August 6, 2022 using Banker's Rule.

2. Ben received an invoice for $1,250 dated May 16 with terms 2.8/10, 1.4/20, n/60. What equal payments must Ben pay on May 26, June 5, and July 12 to settle the account?

3. An item costing $323 was marked up by 35.4% of the selling price. During the store's boxing-day sale, the selling price was reduced to $395. What was the regular selling price, and what was the rate of markdown on the cost during the sale?

4. A small manufacturing operation can produce up to 300 units per week of a product that sells for $40 per unit. The variable cost per unit is $25, and the fixed cost per week is $3825. (a) What is the break-even point expressed as a percent of capacity? and (b) What would be the net income at 95% capacity?