tional Homework by Learning Unit/ Unit 1, Question no 4   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: