PRELIM EXAMINATION (ANSWERS)

Problem I.
a.125,000 & 35,000
b. 40,000
c. 137,000 & 39,000
Problem II
a. 290,000
Problem III
a. 230,000/230,000
b. 155,000/155,000
Problem IV
a. 16,000
b. 72,000
c. 48,000
Problem V
a. 67,619
b. 244,921
c. 32,298
d. 277,724
Problem VI (disregarded)
Problem VII
a. 250,950
b. 90,000
c. 91,500
Problem VIII
a. 70,500
b. 6,825
c. 3,500
Problem IX
a. 9%
b. 167,919
c. 539,500
d. 21,638 & 22,837
e. 196,726
Problem X
a. 88,700
b. 61,300