If C$1 = US$0.81, and if the bank in Canada charges 2% commission to buy or sell currencies, how much CAD should you have to purchase US$3,500?

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Jamar FerryLv2

16 Apr 2019

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a.If US$1 = C$1.1277, and if the bank in Canada charges 0.9% commission to buy or sell currencies, how many US dollars can you buy for C$4,200?

b.Speakers are listed by a manufacturer for $720, less trade discounts of 7% and 6%. What further rate of discount should be given to bring the net price to $587?

c.Mike purchased furniture for $8,400 and received an invoice dated February 5, 2017, with terms 2.5/10, n/30. He made a partial payment of $3,600 on February 10, 2017, and the balance on February 20, 2017. What was the balance?

d. What is the markup rate based on cost, if the markup rate based on selling price is 14%?

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Mark has to figure out values for his business since he needs profits.

a. The regular selling price of a product is $109. The markup rate on selling price is 18% and the operating expenses are 4% on cost. If, during a sale, the product was discounted by 10%, calculate the profit or loss realized.

b. A company manufactures TVs and sells them for $1,122. The variable cost to manufacture each TV is $660. The fixed costs are $360,000 per month. The production capacity is 20,000 TVs per month. a. What is the break-even number of TVs per month? b. Calculate the break-even number of TVs as a percent to capacity. c. How many TVs must be sold, for the company to have a net income of $50,000?

c. If US$1 = C$1.2145, and if the bank in Canada charges 1.5% commission to buy or sell currencies, how many CAD will you receive if you sell US$4,000?

d. The cost of a pump is $1,200. The overhead expenses are 9% of the cost the required profit is 12% of the selling price. Calculate the selling price of the pump.
e. If you sell products for $40 per unit, which have variable costs of $25 per unit, what fixed costs can ensure that you will break even by selling 1,000 units?

apricotcod996

1. Mark has to figure out values for his business since he needs profits.

a.If US$1 = C$1.1277, and if the bank in Canada charges 0.9% commission to buy or sell currencies, how many US dollars can you buy for C$4,200?

b.Speakers are listed by a manufacturer for $720, less trade discounts of 7% and 6%. What further rate of discount should be given to bring the net price to $587?

c.Mike purchased furniture for $8,400 and received an invoice dated February 5, 2017, with terms 2.5/10, n/30. He made a partial payment of $3,600 on February 10, 2017, and the balance on February 20, 2017. What was the balance?

What is the markup rate based on cost, if the markup rate based on selling price is 14%?

e.On January 5, 2018, Atlas Inc. received an invoice for $200,000 with terms 2/10, EOM. a. If Atlas Inc. made the full payment for the invoice on February 15, 2018, how much was the payment? b. If Atlas Inc. made the full payment for the invoice on February 2, 2018, how much was the payment?

peachminnow494

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