Determine the values of A,B,C,D Rug-List price

2)Determine the values of A,B,C,D
Rug-List price- $1,400.00
Chain Discount- 18/20
A-Net Price EQ rate
B-Single EQ rate
C-Amount of trade discount
D-Net Price

3. A truck costing $25,000 with a residual value of $5,000 was purchased by Rim Corporation. The trucks estimated life is 10 years. What is the book value at the end of year 2 using the declining-balance method? Assume a depreciation rate of twice the straight-line rate.

Part B

1. Last years sales at Mels Cinema totaled $144,600. This years sales should increase by 1/3. How much should sales increase by and what will sales be in the newer year?

2) A furniture company produced 5 times as many beds on 2nd shift as it did on first. If a total of 240 beds were produced, how many were produced on each shift, show work

3. US Airways has a net Income of $60,000 before taxes. Its expected that 45% of the net income will go to federal and state taxes. How much will US Airways have left?

4. Sullivans Handbags marks up its bags at 45% of the selling price. Pat Sullivan saw a bag at a trade show that she would sell to her customers for $85.00. What is the most she could pay for the bag and still retain the 45% markup of the selling price?

5. Amy Koy met Pat Quin on September 8 at Queen Bank. After talking with Pat, Amy decided she would like to consider a $9,000 loan at 10 1/2% to be repaid on February 17 of the next year on exact interest. Calculate the amount that Amy would pay at maturity under the assumption. Round all the Answers to the nearest cent.

6. On May 12, Bob Campbell accepted a $5,000 note in granting a time extension of a bill for goods bought by Rick Ween. Terms of the note were 8% for 120 days. On July 8, Bob needed to raise cash and discounted the note at Ricks Bank at a discount rate of 9%. Calculate Bobs proceeds using ordinary interest.

7. The asset turnover of Jerry's Sleepshop is 3.2. Jerry's total assets are $32,000. What were Jerry's net sales?

8. Moore Supermarket began the year with 300 boxes of oat flake cereal with unit cost of $1.89. During the year, the following additional purchases were made: May 1 200 boxes @ $2.10/each June 1 400 boxes @ $2.20/each August 1 250 boxes @ $2.40/each At the end of the year, Moore had 475 boxes of oat flakes on the shelf and in the back room. Assuming LIFO, calculate the (a) cost of ending inventory and (b) cost of goods sold.

9. Total sales for Appliance Center were $205,000 for the week. These sales included a 6% sales tax. What were the actual sales?

10. Joe Rossen opened a pizza shop. He insured his shop for $90,000 for fire. What is his insurance premium if the rate per $100 is $0.83?