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Canadian Tire purchases microwaves from a wholesaler for $49 and marks them up by 25% of selling price. At the end of the summer, a floor-display model’s price is reduced to 12% above cost. What percentage price reduction should the price tag show? 

What amount would you have to invest now at 7% compounded annually in order to make withdrawals of $20,000 once per year for 25 years? The first withdrawal is to be made one year from now. 

PROBLEM 2 ( Total 10 marks) Part A- ( 5 marks) An invoice states that interest will be charged on overdue accounts at the rate of 1½% per month. What will be the interest charges on a $3,760 billing that is 3 months overdue?     Part B- (5 marks) A two-payment stream consisting of $1,750 due today and $2,900 due in 18 months is to be replaced by an economically equivalent stream comprised of an undetermined payment due in 9 months and a payment of $3,000 due in 19 months. Calculate the unknown replacement payment if money is worth 4.2% compounded monthly.         

How much interest will be earned on $8,000 over a period of four months if the interest rate is 6.5%? 

How much money would you have at the end of 10 years if you made deposits of $4,000 at the end of every three months into an investment that accumulated at 9% compounded quarterly? 

Fred borrowed money 18 months ago at 12% compounded semi-annually. He now owes a total of $5,450. How much of this is interest?   

An invoice for $50,000 dated March 15 with terms 3/10, 2/20, n/30 is received in the mail on March 17. If the company wants to reduce the outstanding balance to $25,000, how much should they pay on March 26? 

Kuldip’s factory manufactures toys that sell for $29.95 each. The variable cost per toy is $11, and the total fixed costs for the month are $45,000. Calculate the unit contribution margin. 

 M Studios buys cameras at a unit cost of $250. Their operating expense is 40% per unit of cost, and their desired unit operating profit is 30% of cost. What selling price should M Studios advertise for the camera? 

The LPN/LVN instructs a newly hired nurse on how to provide wound care for a client with a stage 4 pressure injury with tunneling. Which action indicates that additional teaching is needed?