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1. The Alfa Corp received an invoice dated July 12 for $5,400 with terms 3/10, 1.5/20, n/45. They made a payment of $2,000 o
2. At the Macs store in Burnaby a 500 ml bottle of sparkling water sells for $1.19. Convert this price to US dollars per gal
3. Dick, Ed and Fran formed a partnership. The partnership agreement requires them to provide capital when and as required by
4. A diamond ring cost a jeweler S4,200. He requires a margin of 45%. At what price should he sell the ring? What rate of mar
5. Plutonium fuel rods are sold at a list price of $5,000 with chained discounts of 15% and 25%. a. Calculate the net price o
6. Green Press prints its calendars in November and sells them for $9.60 cach. The Companys production capacity for this run
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Answer #1

Question 1

Total amount owed = $5,400

First payment = $2,000

Balance owed after second payment = $1,000

Calculate the amount of second payment -

Amount = Total amount owed - First payment - Balance owed after second payment

Amount = $5,400 - $2,000 - $1,000 = $2,400

Thus,

The size of the second payment is $2,400.

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