Question 4 [5 points) The Grayson Group recently received two invoices, which were subsequently paid. The amounts, terms, invoice dates, and the dates the payments were made are shown below. Based on this information, determine the amounts of the payments that would have been made to settle the bills. For full marks your answer(s) should be rounded to the nearest cent. Click here for help computing the number of days between two dates. Invoice Amount Credit Terms Invoice Date Payment Date Payment $1.126.16 2.25/10, 1/20 August 1 August 10 0.00 $7.929.34 2.75/10, 1/20 March 12 March 25 0.00 Question 5 [5 points) CanTech Supply received an invoice of $8.400 dated May 20 with terms 2/15, n/25. CanTech Supply paid $2,000 on May 26, and $1,000 on June 6. What balance is still owed after June 6? Click here for help computing the number of days between two dates. For full marks your answer(s) should be rounded to the nearest cent. Balance owed = $ 0.00 Question 6 [6 points) The rate of markup on cost on a product selling at $53 is 40% What was the cost of the product to the retailer? For full marks your answer(s) should be rounded to the nearest cent. Cost $ 0.00 What is the rate of markup on selling price? Note: Please make sure your final answer(s) are in percentage form and are accurate to 2 decimal places. For example 34.56% Rate of markup on selling price = 0.00% Question 7 [8 points) A television stand had a markup on cost percentage of 45%. The cost of the stand was $210. During a clearance event, the price was reduced to $204 For full marks your answer(s) should be rounded to the nearest cent. What was the regular selling price? Selling Price - $ 0.00 If overhead expenses are 5% of the selling price, what was the original operating profit? Profit $ 0.00 What is the rate of markdown during the sale? Your answer should be accurate to two decimal places. Rate of Markdown = 0.00% What is the amount of profit or loss at the sale price? Enter a loss as a negative value. Profit (Loss) = $ 0.00