There are SEVEN (7) questions in this section. Answer all questions. 1. An invoice dated December 5 is received with a shipment of soccer equipment from China on April 13 of the following year. The list price of the equipment is $2541. with allowed series discounts of 20f10i10. If cash terms of sale are 2i15 ROG. nd the amount necessary to pay in full on April 22. (3 Marks) 2. A retailer knows that 20% of the peaches purchased will spoil and must be thrown out. If they buy 200 baskets of peaches for $0.22 per basket and want a markup of 50% on selling price. nd the selling price per basket of peaches. (2 Marks) 3. A company paid $202.40 for an item. The original price was $291.80. but this was marked down 40%. if the operating expenses are 38% of the cost. nd the operating loss and the absolute loss. {2 Marks) 4. Mel Sturbridge needs $24300 to remodel his home. Find the face value of a simple discount note that will provide the $24,700 in proceeds if he plans to repay the note in 180 days and the bank charges an 8% discount rate. (2 Marks) 5. Paul Koski deposited $21.0001n a savings account on April 1 and then deposited an additional $3500 in the account on May 7. Find the balance on June 30 assuming an interest rate of 3'29 % compounded daily. (2 Marks) 6. At the end of each year. Carl and Linda Munson will deposit $2100 into a 401k retirement account. Find the amount they will have accumulated in 10 years if funds earn 8% per year. (2 Marks) ?. Javon Sdn. Bhd. signed a note with a payment of 510.500 per quarter for 3 years. Find the amount they must set aside today to satisfy this capital requirement in an account earning 4% compounded quarterly. (2 Marks)