A bottle of vitamins costs a pharmacy $21.32. The bottle is marked up by 35% of...
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A bottle of vitamins costs a pharmacy $21.32. The bottle is marked up by 35% of selling price. a. What is the selling price? (Round your answer to 2 decimal places.) Selling price $ b. What is the rate of markup on cost? (Round your intermediate calculations to 2 decimal places and round your answer to 2 decimal places.) Rate of markup % c. If the vitamins are marked down by 30% as the expiration date approaches, calculate D, the dollars of markdown. (Round your intermediate calculations to 2 decimal places and round your answer to 2 decimal places.) Dollars of markdown d. What is the reduced selling price? (Round your intermediate calculations to 2 decimal places and round your answer to 2 decimal places.) Reduced selling price $ Stream 1: Payments of $900 and $1400 due 150 and 80 days ago, respectively. Stream 2: Payments of $800, $600, and $1000 due 30, 75, and 125 days from now, respectively. If money earns 9.5%, calculate the economic value today of the above payment streams: (Use 365 days a year. Do not round intermediate calculations and round your final answers to 2 decimal places.) Stream 1 Economic value $ Stream 2 $ Which stream has the highest economic value? Stream 1 Stream 2 Golden Dragon Restaurant obtained a $8,750 loan at 9% compounded annually to replace some kitchen equipment. Prepare a complete amortization schedule if payments of $1750 (except for a smaller final payment) are made semiannually. (Do not round the intermediate calculations. Round your answers to 2 decimal places. Leave no cells blank - be certain to enter "0" wherever required.) Payment number Payment ($) 0 1 2 3 4 5 6 Interest portion ($) Principal portion ($) Principal balance ($) -- 8,750 A bottle of vitamins costs a pharmacy $21.32. The bottle is marked up by 35% of selling price. a. What is the selling price? (Round your answer to 2 decimal places.) Selling price $ b. What is the rate of markup on cost? (Round your intermediate calculations to 2 decimal places and round your answer to 2 decimal places.) Rate of markup % c. If the vitamins are marked down by 30% as the expiration date approaches, calculate D, the dollars of markdown. (Round your intermediate calculations to 2 decimal places and round your answer to 2 decimal places.) Dollars of markdown d. What is the reduced selling price? (Round your intermediate calculations to 2 decimal places and round your answer to 2 decimal places.) Reduced selling price $ Stream 1: Payments of $900 and $1400 due 150 and 80 days ago, respectively. Stream 2: Payments of $800, $600, and $1000 due 30, 75, and 125 days from now, respectively. If money earns 9.5%, calculate the economic value today of the above payment streams: (Use 365 days a year. Do not round intermediate calculations and round your final answers to 2 decimal places.) Stream 1 Economic value $ Stream 2 $ Which stream has the highest economic value? Stream 1 Stream 2 Golden Dragon Restaurant obtained a $8,750 loan at 9% compounded annually to replace some kitchen equipment. Prepare a complete amortization schedule if payments of $1750 (except for a smaller final payment) are made semiannually. (Do not round the intermediate calculations. Round your answers to 2 decimal places. Leave no cells blank - be certain to enter "0" wherever required.) Payment number Payment ($) 0 1 2 3 4 5 6 Interest portion ($) Principal portion ($) Principal balance ($) -- 8,750
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