![Word Problem 7-23 [LU 7-1 (4)] Lucky you! You went to couponcabin.com and found a 25% off coupon to your significant others](http://img.homeworklib.com/questions/2c2ea120-7a7f-11ea-b4ae-6de7a4ba109f.png?x-oss-process=image/resize,w_560)
Homework Answers
When three successive discounts x%, y% and z% are applied , the equivalent single discount rate is given by
d= x+y+z - (xy/100+yz/100+xz/100-xyz/10000)
So, in this case,
d= 25+20+15 - (25*20/100 + 25*15/100+ 20*15/100 - 20*25*15/10000)
=49%
Savings = 49% * $300 =$147.00
Final Price = $300-$147 = $153.00
Add Answer to:
Word Problem 7-23 [LU 7-1 (4)] Lucky you! You went to couponcabin.com and found a 25%...
Lucky you! You went to couponcabin.com and found a 25% off coupon to your significant other’s...
Lucky you! You went to couponcabin.com and found a 25% off coupon to your significant other’s favorite store. Armed with that coupon, you went to the store only to find a storewide sale offering 20% off everything in the store. In addition, your credit card has a special offer that allows you to save 15% if you use your credit card for all purchases that day. Using your credit card, what will you pay before tax for the $300 gift...
MEGA SALE 2!!! Your local grocery store is having a 15% off everything sale. But Wait!!!! For the next 3 days they...
MEGA SALE 2!!! Your local grocery store is having a 15% off everything sale. But Wait!!!! For the next 3 days they are offering a coupon to save an additional $22 on any order over $100. If the store applies the sale price then applies the coupon, find each of the following. Assume the order is over $100 and let represent the price of any item. Round all decimals to 4 decimal places. a) Write a function called sale(2) that...
4.D.29 Suppose that on January 1 you have a balance of $6000 on a credit card...
4.D.29 Suppose that on January 1 you have a balance of $6000 on a credit card whose APR is 17%, which you want to pay off in 1 year. Assume that you make no additional charges to the card ather January 1 a. Calculate your monthly payments. b. When the card is paid off, how much will you have paid since January 1? c. What percentage of your total payment from part(b) is interest? a. The monthly payment is $...
Chapter 7 1. You are the CFO of Ford Motors Inc. The firm has decided to...
Chapter 7 1. You are the CFO of Ford Motors Inc. The firm has decided to purchase new fixed assets that will allow them to more efficiently produce electric cars. To raise the funds needed to purchase these assets, you decide to issue bonds. You expect the new fixed assets to last about 15 years so you'd like to issue bonds with a maturity of 15 years and a face value of $1,000. To set the coupon payment, you ask...
Please put it excel spreadsheet format and please provide answers and formula. Thank you. LU 8-2...
Please put it excel spreadsheet format and please provide answers
and formula. Thank you.
LU 8-2 PRACTICE QUIZ ive the followding situations (markups based on selling price). Note numbers 1,2 are parallel problems to those in Practice Quiz 8-1 lowing situatio omplete this Practice Qutz to ee how you are dotng 1. Irene Westing bought a desk for $400 from an office supply house. She plans to sellthe desk for $600. What is Irene's dollar markup? What is her percent...
Problem 7-11 Zero-Coupon Bond Price (LG7-4) Calculate the price of a zero-coupon bond that matures in...
Problem 7-11 Zero-Coupon Bond Price (LG7-4) Calculate the price of a zero-coupon bond that matures in 20 years if the market interest rate is 3.8 percent. Assume semiannual compounding. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Zero-coupon bond price At the beginning of the month, you owned $6,000 of News Corp. $5,000 of First Data, and $8,500 of Whirlpool. The monthly returns for News Corp. First Data, and Whirlpool were 8.24 percent, -2.59...
Problem 4-35 Solving for Rates (LG4-7) 25 You invested $2,000 in the stock market one year...
Problem 4-35 Solving for Rates (LG4-7) 25 You invested $2,000 in the stock market one year ago. Today, the investment is valued at $1700 points What return did you earn? (Negative answer should be indicated by a minus sign) Bock Retur eamed Berences What return would you need to get next year to break even overall? (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Retum eamed LMR my Problem 4-32 Solving for Time (LG4-8) 2.5 points...
Use the following to answer questions 1-4. You currently live (rent free) in your parents' basement...
Use the following to answer questions 1-4. You currently live (rent free) in your parents' basement but it's a bit awkward when you bring dates home. Your friends are looking for a new roommate and have asked if you're interested in moving in. Your share of the rent (which includes all utilities) will be $1,000 per month, due at the beginning of the month, and you will be signing a three-year lease. You parents think you should save your money...
Use the following to answer questions 1-4. You currently live (rent free) in your parents' basement but it's a bit awkwa...
Use the following to answer questions 1-4. You currently live (rent free) in your parents' basement but it's a bit awkward when you bring dates home. Your friends are looking for a new roommate and have asked if you're interested in moving in. Your share of the rent (which includes all utilities) will be $800 per month, due at the beginning of the month, and you will be signing a two-year lease. You parents think you should save your money...
M WOPR 1: Ratios and Proportions (OPMT 1110: Business Mathematics) 1. Canada Revenue Agency allows you...
M WOPR 1: Ratios and Proportions (OPMT 1110: Business Mathematics) 1. Canada Revenue Agency allows you to claim certain "office-in-home" expenses If you have a home-based business. You are allowed to claim a portion of your utilities, insurance, and mortgage interest. Kate uses 3 of the 11 rooms in her house for her real estate business. The combined floor area of the three rooms is 800 square feet. The floor area of the remainder of the house is 1,600 square...
MEGA SALE 2!!! Your local grocery store is having a 15% off everything sale. But Wait!!!! For the next 3 days they are offering a coupon to save an additional $22 on any order over $100. If the store applies the sale price then applies the coupon, find each of the following. Assume the order is over $100 and let represent the price of any item. Round all decimals to 4 decimal places. a) Write a function called sale(2) that...
4.D.29 Suppose that on January 1 you have a balance of $6000 on a credit card whose APR is 17%, which you want to pay off in 1 year. Assume that you make no additional charges to the card ather January 1 a. Calculate your monthly payments. b. When the card is paid off, how much will you have paid since January 1? c. What percentage of your total payment from part(b) is interest? a. The monthly payment is $...
Chapter 7 1. You are the CFO of Ford Motors Inc. The firm has decided to purchase new fixed assets that will allow them to more efficiently produce electric cars. To raise the funds needed to purchase these assets, you decide to issue bonds. You expect the new fixed assets to last about 15 years so you'd like to issue bonds with a maturity of 15 years and a face value of $1,000. To set the coupon payment, you ask...
Please put it excel spreadsheet format and please provide answers
and formula. Thank you.
LU 8-2 PRACTICE QUIZ ive the followding situations (markups based on selling price). Note numbers 1,2 are parallel problems to those in Practice Quiz 8-1 lowing situatio omplete this Practice Qutz to ee how you are dotng 1. Irene Westing bought a desk for $400 from an office supply house. She plans to sellthe desk for $600. What is Irene's dollar markup? What is her percent...
Problem 7-11 Zero-Coupon Bond Price (LG7-4) Calculate the price of a zero-coupon bond that matures in 20 years if the market interest rate is 3.8 percent. Assume semiannual compounding. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Zero-coupon bond price At the beginning of the month, you owned $6,000 of News Corp. $5,000 of First Data, and $8,500 of Whirlpool. The monthly returns for News Corp. First Data, and Whirlpool were 8.24 percent, -2.59...
Problem 4-35 Solving for Rates (LG4-7) 25 You invested $2,000 in the stock market one year ago. Today, the investment is valued at $1700 points What return did you earn? (Negative answer should be indicated by a minus sign) Bock Retur eamed Berences What return would you need to get next year to break even overall? (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Retum eamed LMR my Problem 4-32 Solving for Time (LG4-8) 2.5 points...
M WOPR 1: Ratios and Proportions (OPMT 1110: Business Mathematics) 1. Canada Revenue Agency allows you to claim certain "office-in-home" expenses If you have a home-based business. You are allowed to claim a portion of your utilities, insurance, and mortgage interest. Kate uses 3 of the 11 rooms in her house for her real estate business. The combined floor area of the three rooms is 800 square feet. The floor area of the remainder of the house is 1,600 square...
Most questions answered within 3 hours.
-
What taboo subject did Ida B. Wells suggest was consensual
between black men and white women?...
asked 25 minutes ago -
You have just been hired by the EPA to help with the new gas
mileage standards...
asked 1 hour ago -
4) A firm is hit by increases in its wage rate, w.
a) How does this...
asked 1 hour ago -
A square current loop 5.4 cm on each side carries a 510 mA
current. The loop...
asked 3 hours ago -
What are five tips in conducting knowledge assessment/literature
review research? Each of these tips needs to...
asked 4 hours ago -
Antigen presenting cells link innate and adaptive immune
responses. In the theoretical scenario where phagosomes cannot...
asked 4 hours ago -
Dealing with conflict, in my opinion, is a skill and an art. I
believe that those...
asked 4 hours ago -
6. A long straight wire with circular cross section and radius
1.5 cm carries a 1.2...
asked 5 hours ago -
Deacon Corporation has provided the following financial data
from its balance sheet and income statement:
Year...
asked 5 hours ago -
List and discuss at least three variables from everyday life for
which you expect the variable ...
asked 5 hours ago -
A high-pass filter consists of a 1.60 μF capacitor in series
with a 125 Ω resistor....
asked 5 hours ago -
A newly developed artificial intelligence has trouble
distinguishing hand-written numbers from hand-written alphabets.
There are pictures...
asked 6 hours ago