Pamela is planting her flower beds. She initially bought 72 bedding plants at Home Depot. If she plants 29, how many plants remain unplanted?
What is 43. (72-29)
100
Convert to a decimal: 3 and 3/4%
What is .0375
(3.75%)
100
1,292 x 158
What is 204,136.
100
At Fancy Fruit Distributors, Inc. the ratio of fruits to vegetables sold is 5 to 3. If 1,848 pounds of vegetables are sold, how many pounds of fruit are sold?
What is 3,080.
5/3 = x/1,848
3x = 5(1,848)
3x = 9,240
x = 3,080
100
Convert the following improper fraction to a whole number or a mixed number: 64/15
What is 4 and 4/15.
200
Deb is an accounting professional earning a salary of $58,000. What is her equivalent weekly gross pay?
What is $1,115.38
200
What is the amount of simple interest on a loan of $6,440 at 5 and 1/2% for 7 months?
What is 206.62
I = PRT
I = 6440*.055*(7/12)
200
Solve for the portion, rate, or base.
24% of 1,700.
What is 408.
P = R x B
P = .24 x 1,700
P = 408
200
A motorcycle that originally sold for $9,700 was marked down and sold for $7,950. What is the markdown percentage? Round to the nearest tenth of a percent. (Ch 8)
What is 18%.
9700-7950 = 1750
Markdown % = MD/Original Price=1750/9700=.1804
200
Add and reduce: 11/12 + 3/5 + 19/30
What is 2 and 3/20.
55/60 + 36/60 + 38+60 = 129/60 = 2 and 9/60 = 2 and 3/20.
300
Alan Kimball earns $22.34 per hour as a specialty chef at Le Bistro Restaurant. If he worked 53 hours last week and was paid time-and-a-half for weekly hours over 40, what was his gross pay?
What is $1,329.23.
Regular pay = 22.34x40 = 893.60
Overtime pay = 22.34x1.5x13 = 435.63
300
Manually calculate the compound interest on an investment of $10,000 at 4% interest, compounded quarterly, for 1 year.
What is $406.04.
I = PRT
10,000*.04*.25=100
10,100*.04*.25=101
10,201*.04*.25=102.01
10,303.01*.04*.25=103.0301
103.0301+10303.01=10406.04-10000=406.04
300
After a 15% raise, Scott Walker now earns $27,600. What was his salary before the raise? (Ch. 6)
What is $24,000.
B=P/R
B=27600/1.15=24,000
300
Sound Blaster Recording Studio purchased a new console for $28,600. A down payment of $5,000 was made and the balance financed with monthly payments of $708 for 48 months. What is the finance charge on the loan? (ch 13)
What is $10,384.
Amount financed = 28,600-5,000=23,600
Total payments = 708*48 = 33984
Finance charge = 33984-23600=10384
300
Convert to the decimal equivalent (round to hundredths if necessary): 24 and 1/8.
What is 24.13.
400
Heather's revolving credit account has an annual percentage rate of 16%. The previous month's balance was $345.40. During the current month, Heather's purchases and cash advances amounted to $215.39 and her payments and credits totaled $125. What is the monthly periodic rate? (ch 13)
What is 1.33%.
16%/12 = 1.33%
400
Suppose you wish to have $1,000,000 in 5 years. How much must you invest at 6% interest compounded semiannually to achieve this goal? (use table in ch 11)
What is $744,090
3%, 10 periods
PV = .74409*1,000,000
400
Sound design has an invoice price of 53,301.40. The terms of sale are 3/15, n/30. What is the cash discount if the bill is paid on the 10th day? (Ch. 7)
What is $1,599.04
400
Diamond Savings and Loan is paying 6% interest compounded monthly. How much must be deposited now to withdraw an annuity of $400 at the end of each month for 2 years? (Use table from Ch 12)
What is $9,025.15.
R= 1/2% P=24 F=22.56287
400
Using Table 14-1 calculate the monthly payment.
Amount Financed=$96,800 with an interest rate of 7.75% for 30 years. What is the monthly payment? (ch 14)
What is $694.06.
Number of 1,000s being financed = 96.8
Table factor = 7.17
500
You receive an application for a mortgage with a monthly PITI of $1,259. Other financial obligations total $654.50 per month. He earns a gross income of $4,890 per month. What is his housing expense ratio?
What is 25.75%
Housing expense ratio= 1259/4890
500
Maybe page 259. #14. Epicure Market prepares fresh gourmet entrees each day. On Wednesday, 80 baked chicken dinners were made at a cost of $3.50 each. A 10% spoilage rate is anticipated. At what price should the dinners be sold to achieve a 60% markup based on selling price?
What is $9.72.
Total cost = 80 dinners @3.50 = 280
Expected SP = C/100%-%Msp = 280/(100%-60%)=700
SP perishables = exp SP/ (Total quantity-spoilage) = 700/(80-2)=9.72
500
If assets = $15,909,000 and liabilities = $6,339,100, how much is owner's equity? (ch 15)
What is $9,569,900.
500
Net Sales = $334,500
Cost of goods sold = $132,300
Operating Expenses = 108,000
What is the gross margin? What is the net profit? (Ch 15)
What is Gross Margin = $202,200 and Net Profit = 94,200.
500
Bubbles Bath Boutique had net sales of $245,300 for the year. The beginning inventory at retail was $62,600, and the ending inventory at retail was $54,200. What was the average inventory at retail? (ch 16)
What is $58,400.
Average inventory = (62600+54200)/2