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1. (10 marks)	Advanced Technology manufactures smart pens. The average selling price is $45.00 per unit, with unit variable costs $18.50. Fixed costs associated with this product total $500,000.00. Calculate the net income or loss if 30,000 units are made and sold.

2.(42 marks)	Rhoda runs a small home-based business to make and sell masks. The average material cost for one mask is $1.20, her labour cost is $1.00 per unit sold, and sells it to her customers on average of $3.50 per unit. She spends $150.00 per month for advertising.
a. (6 marks) What is the unit variable cost?
b. (6 marks) What is the unit contribution margin?
c. (6 marks) What is the contribution rate?
d. (6 marks) What is her net income or loss if 500 units are sold?
e. (6 marks) What is the break-even point in units?
f. (6 marks) What is the break-even point in dollars?
g. (6 marks) What is the new unit break-even point if she increases her advertising costs by 30% per month?

4	(10 marks) Jones invested $2,600,000.00 in real estate on December 1, 2009. He sold the property on June 15, 2021 for $4,150,000.00. What is the regular and annualized return on investment?

5	(10 marks) Adam buys a stock on February 15, 2020 at $48.50 per share and sells it on October 25, 2020 for $59.70 per share. What is the regular and annualized return on this investment?

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