2) An invoice for $6200.00, dated May 28, 3/10, 1/20, n/60, was received on May 30. What payment must be made on June 5 to reduce the debt to $4760.00?

3) The Exotic Import Company received an invoice dated January 5 for a shipment of goods received January 11. The invoice was for $5525.00 less 40%, 8% with terms 3/20 R.O.G. How much must Exotic Import pay on January 20th to reduce its debt

a) by $3000.00?

b) to $3000.00?

4) Aman is thinking of starting up a personal financial service. The basic office supplies will cost $3250 and the variable cost for each consultation is $10.25. He plans to bill each client $50 per consultation.

a) What is the break-even quantity of consultations for Amans personal financial consultation?

b) If Amans goal is $1000, how many consultations would he need to reach his goal?

c) Find the contribution margin and contribution rate.

5) Helen is thinking of running a massage therapy business. Her office rent will be $2500 per month, and she needs at least one secretary with the $36000 annual salary. She thinks of advertising her business for 3 months with the cost of $4500. If basic office supplies would cost her $15 per customer, and she gets 1000 customers per month

a) How much should she charge each customer so that she can make $3500 a month?

b) How much profit will she earn if she charges each customer $50?

6) A toy company produces bath tub toys for $8 per pack of duck, frog and turtle (each pack has a duck, a turtle and a frog). The rent and supply costs for company is $6500/month. The material cost for each duck, turtle and frog are 40, 45, and 65 cents respectively.

a) Find the revenue if 10000 packs are produced and sold.

b) Find the total variable cost, and the total cost.

c) Find the break-even point.