# tional Homework by Learning Unit/ Unit 1, Question no 4 Â&nbsp Â

tional Homework by Learning Unit/ Unit 1, Question no 4    Question 8(15 points) (10 min)Consumers, community activists, and politicians are decrying the newline of accounts because several include a \$3 service charge for somecustomers who use bank tellers for transactions that can be done through anautomated teller machine.Bill Wade banks at a local bank that charges this fee. He was havingdifficulty balancing his check book because he did not notice this fee on hisbank statement.His bank statement showed a balance of \$822.18. Bill’s checkbook had a balance of \$206.48. Check No. 406 for\$116.08 and Check No. 407 for \$12.50 were found outstanding.A \$521deposit was not on the statement. Bill has his payroll check electronicallydeposited to this checking account – the payroll check was for \$1’015.12.(Bill’s payroll checks vary each month.) There are also a \$1 service fee anda teller fee of \$6.Complete Bill’s bank reconciliation.Pleaseindicate the sign (+ or -) and complete the empty spaces where applicableCheckbook balance\$206.48Bank statement balance\$822.18……………………………\$………………………………………………\$………………………………………………\$………………………………………………\$………………………………………………\$………………………………………………\$…………………Reconciled balance\$…………………Reconciled balance\$…………………NB: Do not vorget that’reconciled balance’ means the Balance was agree!Question 9(10points) (10 min)Solving word problems for the UnknownEileen Haskin’s utility andtelephone bills for the month totaled \$180. The utility bill was 3times as much as the telephone bill. How much was each bill?Unknown(s)  Variable(s)  Relationship…………………..………..………………………………………  = Total bill…………………..………..Totalbill =  \$180Indicate your detailed calculation below:   Question12(10points) (10 min)Markupbased on selling priceBari Jay, a gownmanufacturer, received an order for 600 prom dresses from China. Her cost is\$35 a gown.If her markup based on theselling price is 79%, what is the selling price of each gown?Round tho the nearest cent.Indicateyour answer with your detailed calculation below:Question13(5points) (5 min)Simpleinterest and maturity valuePrincipalInterest rateTimeSimple interestMaturity value\$17’0002 1/2 %18 months\$ ………\$ ………….Indicateyour detailed calculation below:

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