Question 5 (8 marks): An investor purchased a $100,000 182-day T-bill on its date of issue to yield 5.5%. When he sold it 30 days later, yields had dropped to 5.0%. a. How much did the investor earn? b. Calculate the rate of return actually realized by the investor. Question 6 (3 marks): What total amount must be paid on July 4 to settle invoices dated June 20 for $485, and June 30 for $722, all with terms 2/10, n/30? Question 7 (7 marks): An E-bike that cost a dealer $1,800 less 37.5% and 18% was marked up to realize a markup of 120% of cost. At the end of the season the item was marked down 40%. a. What was the regular selling price? b. What was the sale price? C. What rate of markup based on selling price was realized? Question 8 (6 marks): The Kitchen Store paid $33.45 for a set of kitchen knives. Overhead expense is 15% of the regular selling price and profit is 10% of the regular selling price. During a clearance sale, the set was sold at a markdown of 15%. What was the operating profit or loss on the sale? Question 9 (6 marks): Baker Industries is evaluating the introduction of a new product that would have a unit selling price of $100. The total annual fixed costs are estimated to be $200,000, and the unit variable costs are projected at $60. Forecast sales volume for the first year is 8000 units. a. How many units does Barker Industries need to sell to break even? b. How many units will the company have to sell to generate a profit of $100,000? c. At the forecast sales volume, what will be the profit if the unit selling price is lowered by 10%? The End