Assignment 2 1- One year 380. Derek opened investment accounts with a discount broker. In his C5 account he purchased 300 BMO shares at C$54,20 per share and six government of Canada bonds {GOCSl at C51063 per bond. In his U55 account, he purchased 100 shares of IBM at US$125.50 per share and 200 shares of GE at US$18.57 per share. The exchange rate 0" the date of the purchase was C5100 = US$0.935. The income Derek received from the securities during the year and their current prices are Listed in the following table. tut-l c m 552.50 2r share 200$hares US$0.50uershare US$20.38 The end of period Exchange Rate is CS1.00 = US$0.952. _ .;' _ _ i } Jlr2::.='."-...'_I ' in m . . $3.20 oer share ($58.15 )L. Questions: a} What total amount in C4 was initially invested in the portfolio? b) What is the CS equivalent of the total income received during the year? i for converting the U55 Income to CS, use the average of beginning and ending exchange rates for the year.) c) What is the current total value in C5 of the securities? d) including both income and change in the value of the securities, what was the percentage increase in the value of Derek's portfolio during the year? 2. Mr. Nd MRS. Orland want to list their house at a price that will not them a minimum of $320,000 after a real estate commission of 5.5% of the selling price. What is the lowest offer they could accept on their home? (Round to nearest $100) 3. A payment of $500 on an invoice for 588? reduced the balance owed to $378.09. what cash discount rate was allowed on the $500 payment? 4. A restaurant received an invoice dated July 22 from one of their suppliers for $3691, With term 2/10, 1/20, n/45. The restaurant made the payments of $1100 on August 1, $900 on August 10, and $800 on August 31. What amount was still owed on September 1? 5. A sport shop purchased boots for $360 per pair less 33 2 % and 10%. The regular rate of markup on selling price of the boots is 40%. The store's overhead is 22% of the selling price. During January clearance sale, the price was reduced to $270 per pair: a) What was the rate of the markdown for the sale? b) What was the profit or loss on each pair of boots at the sale price? c) At the sale price, what was the rate of the markup on cost? N5. A sport shop purchased boots for $360 per pair less 33 2 % and 10%. The regular rate of markup on selling price of the boots is 40%. The store's overhead is 22% of the selling price. During January clearance sale, the price was reduced to $270 per pair: a) What was the rate of the markdown for the sale? b) What was the profit or loss on each pair of boots at the sale price? c) At the sale price, what was the rate of the markup on cost? N