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Home Flashcards Rubal Deol's Study Deck
  Flashcards by Rubal Deol

Question 1 

Muki and Mushi invested $21 000 and $37 000, respectively. If Muki invests a further $9000, what amount should Mushi contribute to maintain their investments in the original ratio?
A) $5108.11
B) $7297.30
C) $6750
D) $17 027.03
E) $15 857.14
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Question 2 

September is paid on a weekly commission basis. She is paid a base salary of $370.00 on a weekly quota of $9500.00 and a commission of 5.75% on any sales in excess of the quota.
a)   If September's sales for last week were $11 340.00, what were her gross earnings?
b)   What are September's average hourly earnings if she worked 35 hours?
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Question 3 

Beth's annual salary is $42 120.00. Her regular work-week is 36 hours and she is paid semi-monthly.
a)   Calculate her gross pay period
b)   Calculate her hourly rate of pay
c)   Calculate her gross pay for a period in which she works 12 hours of overtime at time and one-half regular pay.
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Question 4 

Alex borrowed $7500 to buy a car. If interest is charged on a loan at 8.5%, how much interest would he have to pay in 120 days.
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Question 5 

An invoice dated on September 30 was received on October 2. It was for 4 pairs of in-line skates at $125.00 each and two pairs of gel roller blades at $110.50 each. The terms of the invoice were 5/10, 2/30, n/60. What is the invoice payment amount on October 27?
A) $707.58
B) $708.58
C) $705.58
D) $706.85
E) $706.58
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