1) A shipment of smart TVs, totaling 55 was received with a list price of $365. The manufacturer's catalogue indicates that the store could take the following discounts: 30/15/10 with 30 percent being the normal markup, 15 percent for free delivery and hookup, and 10 percent for local advertising and point-of-sale displays. If Sam performs all services required by the vendor, his single equivalent discount will be

A) 53.55%. B) 55.00%. C) 46.45%. D) 45.00%.

2) If Nova Bike, borrowed $10,000 on a line of credit for 30 days, and the bank charges 12 percent per annum, compounded daily, the interest due on day 31 is approximately?

A) $33.80. B) $40.00. C) $98.63. D) $100.00.

3) Which of the following typically is NOT classified as an accrued liability?

A) monthly sales tax owed to the city

B) federal employment taxes

C) state employment taxes

D) monthly mortgage payments

4) If Zack invests $40,000 in a hot dog franchise and is able to generate $20,000 a year in benefits for 8 years, the following simple fact holds true:

A) The 20,000 received in year 1 is worth less than the 20,000 received in year 3.

B) The 20,000 received in year 8 is worth more than the 20,000 received in year 4.

C) The 20,000 received in year 2 is worth more than the 20,000 received in year 5.

D) None of the above.