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$25.00 28 questions on math for Business and Finance
- From Mathematics: General-Mathematics
- Closed, but you can still post tutorials
- Due on Feb. 24, 2009
- Asked on Feb 21, 2009 at 2:16:29PM
Q:1. Add 2/3 , 3/8 , and 5/12 and reduce your answer to lowest terms.
2. What is a coefficient?
3. Subtract 7 4/5 from 18 6/15 and reduce to lowest terms.
4. What percent of 980 is 294?
5. Round 43,678.426785 to the nearest ten thousand.
6. Find the value of G in the equation G/5 - 13 = 42.
7. Which of the following 2would you use to record your checking account transactions?
a. a check stub or check book registry
b. a deposit slip
c. a signature card
d. checks or drafts
8. Divide 14/27 by 2/3 and reduce to lowest terms.
9. If a payee wants to transfer a check to another party, the payee would use a
a. blank endorsement
b. restrictive endorsement
c. full endorsement
d. signature card
10. A computer store sold a total of 300 items last month. The store sold six times as many hard drives as they did CD-rom drives, and half as many floppy drives as hard drives. Based on this information, how many of each item were sold?
11. To calculate your adjusted bank balance , you'll need to locate all of your
a. outstanding checks and add them to the subtotal to get the statement balance.
b. outstanding checks and subtract them from the subtotal to get the statement balance.
c. deposits and subtract them from the subtotal.
d. service charges and add them to the checkbook balance to get a subtotal.
12. Multiple 9/15 by 30/72 and reduce to lowest terms.
13. A college professor has 370 papers to grade. In one evening , she grades 80 percent of them. How many ungraded papers will remain for her to complete tomorrow?
14. A company employs a total of 527 people and 47 of these people work in the operations department. Which of the following is a ratio that compares the number of people in the operations depart. to the total number of employees in the company?
a. 47: 480
b. 47: 527
c. 480 : 47
d. 527 : 47
15. 4 2/7 x 6 2/5
16. The section of an invoice that lists the date of the payment and the cash discount is called the
a. terms
b. unit
c. description
d. F.O.B.
17. Calculate the simple interest on a loan of $18,500 at 11% interest for 18 months
18. The shipping term F.O.B. stands for what?
19. What are the proceeds of a $9,500 note at a 12% discount rate for 8 months? Round to the nearest cent.
20. A lumberyard makes picnic tables for $87 and sells them for $127.89. What is the percent markup on each picnic table based on cost?
21. If a sweater that was originally priced at $73 was marked down and sold for $54.75, what was the percent amountt of the markdown?
22. Calculate the amount of interest on a loan of $3,200 at 6% interest for 60 days using the ordinary interest method.
23. An amusement park purchased equipment from a manufacturer for a list price of $42,000, minus trade discounts of 30/20/15. Calculate the amount of the trade discount on the purchase.
24. What would be the amount of compound interest on $6,000 invested for two years at 9%, compounded semiannually? Round to the nearest dollar.
25. A store owner buys supplies from a vendor for $8,450. The terms of sale are 2/10, n/30. What will be the net amount due if the owner pays the bill by the 10th day after he receives the supplies?
26. Employers are required to match all FICA tax payments, which include
a. FUTA and SUTA
b. fringe benefits
c. tuition benefits
d. social security and medicare
27. What is the effective rate of $18,600 invested for one year at 7.5%, compounded semiannually? Round your answer to the nearest hundredth.
28. A software buyer is looking for a product to retail for $230. He wants to apply a markup of 38% (based on selling price ) to the product. Allowing for this markup, what is the maximum amount the buyer can pay for the software?
