The document provides instructions for an assignment on quantitative methods. It lists 13 questions for students to answer in Microsoft Word format as part of a group project. The instructions state that students must work together on all questions, provide contribution percentages, submit their answers as one file named after the group leader by the due date posted online. Failure to follow the instructions could result in point deductions.
The document provides instructions for an assignment on quantitative methods. It lists 13 questions for students to answer in Microsoft Word format as part of a group project. The instructions state that students must work together on all questions, provide contribution percentages, submit their answers as one file named after the group leader by the due date posted online. Failure to follow the instructions could result in point deductions.
The document provides instructions for an assignment on quantitative methods. It lists 13 questions for students to answer in Microsoft Word format as part of a group project. The instructions state that students must work together on all questions, provide contribution percentages, submit their answers as one file named after the group leader by the due date posted online. Failure to follow the instructions could result in point deductions.
The document provides instructions for an assignment on quantitative methods. It lists 13 questions for students to answer in Microsoft Word format as part of a group project. The instructions state that students must work together on all questions, provide contribution percentages, submit their answers as one file named after the group leader by the due date posted online. Failure to follow the instructions could result in point deductions.
Download as DOCX, PDF, TXT or read online from Scribd
Download as docx, pdf, or txt
You are on page 1/ 3
BADB1014 QUANTITATIVE METHODS
SEMESTER: September 2021
ASSIGNMENT NO: ____
SUBMITTED TO: PN ZAINORA HAYAT HUDI*(Main Campus)
DATE OF SUBMISSION: __________
CLASS SECTION: _____
GROUP NO:______
MATRIC NO NAME CONTRIBUTION MARKS
BADB1014 Quantitative Methods Assignment 5
READ ON THE INSTRUCTIONS GIVEN BELOW. FAILING TO FOLLOW
INSTRUCTIONS MAY LEAD TO DEDUCTIONS OF YOUR TOTAL MARKS OF YOUR ASSIGNMENT Instructions on Assignment 1. Get together with your group member to discuss on the questions. 2. Do not DIVIDE the questions among your group members. Everyone should do all questions. 3. Discuss the best solution for each question. 4. Type your answers using MSWord ONLY. However, handwritting is allowed but you have to scan your answers using “CAMSCANNER App” and paste / add them in the MSWord file. 5. Do not convert MSWord file to pdf. (Submission must be in MSWord file only) 6. DO NOT MIX TYPING AND HANDWRITING. (I will not mark your assignment if you do mix typing with handwriting) 7. Attach the cover page and don’t forget to write your name as well as ALL your group members’ name. 8. Fill up the contribution percentage on the coverpage. Members who did not contribute at all, write there 0%. 9. Cover page and Anwers must be in ONE file ONLY. 10. Rename your file as your Group leader’s name. Example: MaryAnneGroupSection6 11. Upload your file into the Uniec Virtual according to your class section. 12. Do NOT email your file. (If you do email, I will not mark them) 13. Follow the due date of the submission shown in uniecvirtual.
2 BADB1014 Quantitative Methods Assignment 5
1. The Toy Train Store made purchases at a net cost of $46,746 after a series discount of 20/10/5. Find the list price.
2. An invoice of $3168 from Scottish Importers has cash terms of 4/20 EOM and is dated June 5. Find (a) the final date on which the cash discount may be taken and (b) the amount necessary to pay the invoice in full if the cash discount is earned.
3. Mel’s Diner purchased paper products list priced at $696 less series discounts of 10/20/10, with terms of 3/10–50 extra. If the retailer paid the invoice within 60 days, find the amount paid.
4. REI offers a men’s soft-shell waterproof jacket for $199.95. If the jackets cost $1943.52 per dozen, find (a) the markup, (b) the percent of markup on selling price, and (c) the percent of markup on cost. Round to the nearest tenth of a percent
5. Leslie’s Pool Supply, a retailer, pays $285 for a diving board. The original selling price was $399, but it was marked down 40%. If operating expenses are 30% of cost, find (a) reduced price (b)the operating loss and (c) the absolute loss.
6. Chez Bazan Bakery borrowed $24,300 for a new commercial oven. The simple interest loan was repaid in 6 months at 10 ½ %. Find the amount of the repayment.
7. Hilda Heinz lends $1200 to her sister Olga at a rate of 9%. Find how long it will take for her investment to earn $100 in interest. (Round to the nearest day)
8. Mike Fagan needs $25,000 to expand his flower shop. Find the face value of a simple discount note that will provide the $25,000 in proceeds if he plans to repay the note in 240 days and the bank charges a 9% discount rate.
9. A business worth $180,000 is expected to grow at 12% per year compounded
annually for the next 4 years. (a) Find the expected future value. (b) If funds from the sale of the business today would be placed in an account yielding 8% compounded semiannually, what would be the minimum acceptable price for the business at this time?
10. James Rivera earned his degree in drafting at a community college and recently began his new career. He was happy to learn that his new employer will deposit $2500 into his 401(k) retirement account at the end of each year. Find the amount he will have accumulated in 15 years if funds earn 8% per year.
11. Betty Yowski borrows money for a new swimming pool and hot tub. She agrees to repay the note with a payment of $1200 per quarter for 6 years. Find the amount she must set aside today to satisfy this capital requirement in an account earning 8% compounded quarterly.
12. Lupe Martinez will owe her retired mother $45,000 for a piece of land. Find the required quarterly payment into a sinking fund if Lupe pays it off in 4 years and the interest rate is 10% per year compounded quarterly.
13. Scented Candles remodeled its lobby at a cost of $36,000. It pays $6000 down and pays off the balance in payments made at the end of each quarter for 5 years. Interest is 10% compounded quarterly. Find the amount of each payment so that the loan is fully amortized and total amount of interest paid for 5 years.
