5
Q=Sullivan 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 she could pay for the bag and still retain the 45% markup of the selling price?

P=selling price
C=cost of product
R=percentage markup

P=C(1+r)
85=C(1+45%/100=1.45)
C=85/1.45=58.62
Check back
58.62*45%=26.379=26.38
58.62+26.38=85
Answer: Most she could pay for the bag and still retain markup of 45% is: $58.62

6.
Q=Jeff Jones earns $1,200 per week. He is married and claims four (4) 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 $6,000. Each pay check, his employer also deducts $42.50 for the health Insurance. What is his net pay? (Calculate FIT by percentage method)

Gross earnings $1,200 weekly
Total deductions = $42.50 Health insurance
+1.45% of weekly salary=1.45%=0.0145*1,200=17.40
+6.2%=0.062X1200=74.40 Social Security
=42.50+17.40+74.40=$134.30
FIT = $17.40+74.40*2=$183.60
Answer: Net pay = $1,200-$134.30=$1,065.70

8.
Q=On May 12, Bob Campbell accepted a $5,000 note in granting a time extension of a bill of goods bought by Rick Ween. Terms of the note were 8% for 120 days. On July 8, Bob needed a raise in cash and discounted the note at Rick’s bank at a discount rate of 9%. Calculate Bob’s proceeds. Using exact date table;

May 12 to July 8 =57 days
Note amount = $5,000
Period =120 days
Rate = 9% =0.09
5000*57*0.09
360 = $71.2500
Total proceeds = Investment + total interest
=$ 5000+$71.25=$5,071.25
Answer: Bob’s proceeds=$5,071.25

10.
Q= Roger Fox made deposits of $900 semiannually to Reel bank, which pays 6% interest compounded semiannually. After seven years, Roger made no more deposits. What would be the balance in the account...

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The work done by friction can translate into deformation, wear, and heat that can affect the contact surface properties (even the coefficient of friction between the surfaces)....

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The case between Beauty and Stylish involves concept of a valid contract, pre-contractual statements, express term and misrepresentation.
A valid contract is established between Beauty and Stylish when an offer is accepted and there is intention for both parties to create legal relations. An offer refers to the expression of willingness of the offerer to be contractually bound by an agreement if his or her offer is properly accepted. It has to be clear and certain in terms. It must also...

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(A) Isosceles triangle (B) right triangle
(C) Isosceles right triangle (D) none of these.
2. One angle of a triangle is 92°, the angle between the bisectors of remaining two angles
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(A) 136° (B) 92° (C) 90° (D) none of these.
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