Business maths

Part B Long answer questions Total: 60 marks To submit part B: Go to quizzes, click on quizzes select Midterm Exam Part B, click, then press start attempt, then submit file and then leave the class. 1. A $8,000 promissory note is issued on November 12 for an 11-month term carrying an annual interest rate of 10%. It is sold on July 12 with a negotiated interest rate of 16%. Determine the proceeds of the sale. 2. Base salary is $3000. If sales is above $4000 commission paid is 10%. Anything above $6000 sale, commission is 15%. If A saleswoman received $4000 in salary including base and commission, what is the amount of her sales? 3. a. If Sabrina is currently earning $53,000 and the CPI changes from 105.9 to 107.6, how much money does she need to earn next year just to keep up with inflation? b. If the break-even point is 15,000 units, the selling price is $95, and the unit variable cost is $75, what are the company's total fixed costs? I 4. A hardware store always advertises a Master designer 75-piece screwdriver set at 80% off for a sale price of $17.99. a. If the cost of the set is $10 and expenses are 30% of the sale price, what is the planned profit when the product is on sale? b. What profit is earned if the product actually sells at its regular selling price? 5. In preparing for a party, Brendan needs to mix a punch consisting of vodka, juice, and 7UP in the ratio of 3 53 : 2, respectively. If Brendan has a 1.4 L bottle of vodka, how much fruit juice and 7UP must he mix with it? 2 2 of 3 590 words E + 100%