Math questions

1. Add the following fractions:

3 1
a) 7
+ 7

1 1
b) 2
+ 4

1 1
c) 3
+ 2

2. Convert the following improper fractions to mixed numbers:

7
a) 2

5
b) 4

6
c) 2

Accounting questions

1. In a recent pay period, Blue Company employees have gross salaries

of $17,250. Total deductions are: CPP $866, EI $ 86 and income
taxes $4,312. What is Blue Company’s total payroll expense for this
pay period? Ignore vacation benefits and workers’ compensation
premiums.

2. The Brampton Bullet hockey team sold 2,000 tickets at $120 each for
its six-game home schedule. Prepare the entry to record a) the sale
of the season’s tickets and b) the revenue recognized upon playing
the first home game.
3. Net sales are $400,000, cost of goods sold is $310,000, operating
costs are $60,000, and other revenues are $5,000. What are the
goods profit margin and profit margin?