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...

...Ball and Bats, Inc.: Double Linemethod and the StraightLineMethod
On January 1, 2005 the company Balls and Bats, Inc. made a
purchase of equipment. The cost of the equipment was one hundred thousand dollars and had life expectancy of four years. The following schedules are the double-declining balance method and the straightlinemethod of depreciation. This schedule will assist Balls and Bats, Inc determine the best method to depreciate there new acquisition. Further, the schedules will determine which will glean a higher net income for the organization for the year ending December 31, 2005.
Double-declining balance method (DDB)
Year 1: D= .50(100,000)
= 50,000
Year 2: D= .50(100,000- 50,000)
= .50(50,000)
= 25,000
Year 3: D= .50(100,000-50,000-25,000)
= .50(25,000)
= 12,500
Year 4 D= .50(100,000-50,000-25,000-12,500)
= .50(12,500)
= 6,250
Declining-Balance at Twice
the Straight-Line
Rate (DDB)
Annual Depreciation Book Value
At Acquisition 100,000
2005 50,000 50,000
2006 25,000 25,000
2007 12,500 12,500
2008 2,500 10,000
Total 90,000
The...

...through the method of depreciation a company uses. The method a company chooses to incorporate should be one that most effectively matches expenses with the revenues produced. The method that most select is that of straight-line depreciation, which "spreads the depreciable value evenly over the useful life of an asset." (Horngren, Sundem, Elliott, & Philbrick 2006, p.342) Depreciation schedules reflect how much depreciation will be allocated for each year of the assets useful life. In order to calculate depreciation expense we take the cost of the acquisition minus the estimated residual value divided by the years of estimated useful life. The depreciation schedule using the straight-linemethod for Balls and Bats, Inc. would be as follows:
Total Acquisition cost= $100,000
Salvage value= $10,000
Estimated useful life= 4 years
Depreciation expense= 100,000 - 10,000 = 22,500
4
D= $22,500 per year
Single-line Depreciation
Balances at End of Year
1 2 3 4
Acquisition cost of
Equipment $ 100,000 $100,000 $100,000 $100,000
Accumulated Depreciation $ 22,500 $ 45,000 $ 67,500 $ 90,000
Net book value $ 77,500 $ 55,000 $ 32,500 $ 10,000
Balance at the end of year 4 equals salvage value of $10,000
Assets that shows a pattern of depreciation that is...

...Comprehensive Problem 1
c) Notes to the Financial Statements:
1. The company uses the straight-line depreciation method. The rental equipment is estimated to have a useful life of eight years. Thus, the monthly depreciation of the rental equipment is 240,000/96, or $2,500 per month.
2. The note payable to Rent-It is good for one year. $100,000 and the accumulated interest are due on November 30, 2012. The account payable for office supplies is due in thirty days, or January 2, 2012. The account payable to Universal Utilities is due in thirty days, or January 30, 2012. The company declared a dividend of 10 cents per share, payable on January 15, 2012. Income taxes are payable in 2012.
3. Susquehanna Equipment Rentals was named as a co-defendant in a $25,000 lawsuit filed on behalf of Kevin Davenport. The extent of the company’s legal and financial responsibility for this accident cannot be determined at this time.
f) It does appear that the company is headed for insolvency. It has $100,000 is notes payable that are due January 2, 2012, and it only has $65,000 cash. The company is expecting $9,900 in accounts receivable, but that is still not enough to cover the notes payable. A majority of the company’s assets are tied up in rental equipment, which is not a liquid asset. Thus, the company will not be able to meet its financial obligations to its lenders.
g) It would be unethical for Patty Driver to maintain...

...
F – 210
Insurance and Risk Management
A report on
Accident Insurance in Green Delta Insurance Company Ltd. & American Life Insurance Company Ltd.
University of Dhaka
Topic
Accident Insurance in Green Delta Insurance
Company Limited and American Life Insurance Company Limited
Submitted to
Pallabi Siddiqua
Assistant Professor
Department of Finance
Faculty of Business Studies
University of Dhaka
Submitted By
Group 01
Section – A
18th Batch
Department of Finance
University of Dhaka
Submission
Date
February 17, 2014
Group List
Letter of Transmittal
February 17, 2014 Ms. Pallabi Siddiqua Assistant Professor Department Of Finance University of Dhaka
Dear Madam,
Here is the report on “Accident Insurance in Green Delta Insurance Company Limited and American Life Insurance Company Limited” which you had asked us to prepare. The assignment was assigned to us as a compulsory requirement of your Course (F-210, Insurance and Risk Management, in the second semester of our second year). The date of submission was February 17, 2014 and the deadline was met.
While working on this report we have had several brainstorming sessions, study of relevant...

...have dramatic consequences, as illustrated by the use of friction created by rubbing pieces of wood together to start a fire. Kinetic energy is converted to heat whenever motion with friction occurs, for example when a viscous fluid is stirred. Another important consequence of many types of friction can be wear, which may lead to performance degradation and/or damage to components. Friction is a component of the science of tribology.
Friction is not itself a fundamental force but arises from fundamental electromagnetic forces between the charged particles constituting the two contacting surfaces. The complexity of these interactions makes the calculation of friction from first principles impractical and necessitates the use of empirical methods for analysis and the development of theory.
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). This can be beneficial as in polishing. The work of friction is used to mix and join materials such as in the process of friction welding. Excessive erosion or wear of mating sliding surfaces occurs when work due frictional forces rise to unacceptable levels. Harder corrosion particles caught between mating surfaces in relative motion (fretting) exacerbates wear of frictional forces. Bearing seizure or failure may result from excessive wear due to work of friction. As surfaces are worn by work due to...

...
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 be communicated to the offeree before it is being accepted. In addition, the acceptance has to be unqualified, unconditional and made by a positive act. In the case of Beauty and Stylish, a positive act refers to the signing of the contract. All terms of the offer must be accepted without any changes and cannot be subjected to any condition, taking effect only upon fulfillment of that condition. When Beauty and Stylish enter into the agreement, they must intend to bind and bound legally to each other by their agreement. This is the intention to create legal relations between two parties. In the meanwhile, this contract must possess consideration. A contract must therefore be a two-sided affair, with each side providing or promising to provide something of value in exchange for what the other is to provide.
Every contract, whether oral or written, contain terms. The terms of a contract set out the rights and duties of the parties. Terms are the promises and undertakings given by each...

...StraightLine Equations and Inequalities
A: Linear Equations - Straightlines
Please remember that when you are drawing graphs you should always label your axes and that y is always shown on the vertical axis. A linear equation between two variables x and y can be represented by y = a + bx where “a” and “b” are any two constants. For example, suppose we wish to plot the straightline If x = -2, say, then y = 3 + 2(-2) = 3 - 4 = -1 If x= -2 -1 -1 1 0 3 1 5 2 7 As you can see, we have plotted the five points on the graph. They do indeed all lie on a straightline and we have joined them together to show the line. Of course, you could draw the line by just plotting any two points on it and then joining and extending those two points. y = 3 + 2x ..... and so on (see table below)
Then y =
y
x
The equation simply represents the relationship between two variables x and y. For example: suppose our basic salary is £4000 and we add commission to that at the rate of 5% of our total sales. Call y our total salary and call x our sales (both in £) then we could represent this relationship as y = 4000 + 0.05x (5% is five hundredths i.e. 0.05) Then, if we knew that total sales were 6000, we could work out total salary: y = 4000+0.05(6000) or £4300
For our next example, we will draw the equation y = 6 - x on a graph (using just two...

...cbse.biz
Lines & Angles class ix
1. The angles of a triangle are in ratio 1:1:2. The triangle is _________________.
(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
is _____________.
(A) 136° (B) 92° (C) 90° (D) none of these.
3. How many triangles can be drawn with angles 30°, 60° and 90° give reasons for your
answer.
4. Two adjacent angles are equal will they necessarily be 90° each justify your answer.
5. Two parallel lines are cut by a transversal. Show bisectors of a pair of co interior angles
are perpendicular to each other.
6. Prove that through a given point, we can draw only one perpendicular to a given line.
7. Arms of an angle are respectively parallel to arms of other triangle. Show angles are
either, equal or supplementary.
8. Prove midpoint of hypotenuse of a right triangle is equidistant from the three vertices.
cbse.biz
Lines & Angles class ix
9. In figure Show AB II EF
10. Write pair/s of adjacent angles.
BLUE PRINT SAMPLE QUESTION PAPER 2012-13
S.No. UNIT NAME OF CHAPTERS VSA SA-I SA-II LA MCQ TOTAL
MARK
1. I Matter its Nature & Behavior
a. 15 (3) Matter in our surrounding 1 (1) 2 (1) --- ---- ---- 3
b. (12) Is matter around us pure --- --- 3 (2) ---- 6 (6)...