Mathlab

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Mathlab

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problems

Question #1 - Set up a ratio for the following information and reduce to

lowest terms

Question #2 Use equivalent ratios in higher terms to eliminate

decimals from the following ratio

Question 3: Use equivalent ratios in higher terms to eliminate fractions

Question 4: Use equivalent ratios in higher terms to eliminate fractions

Question 5: Kevins eatery budgets food costs to account for 62% and

beverage costs to account for 30% of total costs. What is the ratio of

food costs to beverage costs?

Question 6: A company 8 executives, 16 office employees and 36

temporary staff. What is the ratio of executives to temporary staff?

Question 7: The cost of operating the maintenance department is to be

allocated to four production departments based on the floor space.

Question 8: Overhead cost is to be distributed among manufacturing,

selling and administration

Question 9: Executive salaries are charged to three operating divisions

on the basis of capital investment.

Question 10: The cost of warehouse space is allocated to three

inventories: raw materials, work-in-process, and finished goods.

Question 12: D, E , and F own a business jointly and share profits and

losses in the same portion as their investments. How much of a profit

of $4500 will each receive

Question 13: Four beneficiaries are to divide an estate of

Question 14: Find the unknown term in the following proportion

Question 15: Find the unknown term..

Question 16: Find the unknown term.

Question 17: A van requires 63 litres of gasoline to travel for 529

kilometers.

Question 18: Suhami Chadhuri has a one-sixth interest in a

partnership.

Question 19: Seven-ninths of Jesse Blacks inventory was destroyed by

fire.

Question 20: Last year, net profits of a company were six-thirteenths of

revenue.

Question 21: Material cost of a fan belt is nine-elevenths of total cost

Question 23: A hot water tank with a capacity of 220 L can be heated

in twenty minutes.

3.2: Convert percents, common fractions, and decimals

Question 3: Answer each of the following questions. Complete (a)

Question 4: In the last municipal election, 62 % of the population

Question 5: The direct material cost of manufacturing a product is

Question 6: A firms bad debts of $7875 were 2 %

Question 7: A & E Holdings profit and loss statement showed a net

income of

Question 12: The price of a carpet was reduced by 50%

Question 13: Labour content in the production of an article is 33 1/3%

Question 14: The Canada pension plan premium deducted from an

employees wages was

Question 15: Mei Jung paid $26 toward a dinner that cost a total of

$125

Question 16: Gross profit for April was two-fifths of net sales, and net

income was two-sevenths of gross profit.

Question 17: A sales representatives orders for May were 16 2/3%

Question 18: The price of a stock a week ago was

Question 19: A property owner listed his property for 160% more than

he paid for it.

3.4: Find rates and original quantities for increase and decrease

problems.

Question 1: What is 198 increased by 30%

Question 2: What number is 33 1/3% more than 240?

Question 3: What number is . Less than 222?

Question 4: What percentage more than 1310 is 1572?

Question 5: What percentage less than #380 is $209

Question 6: The amount of $1500 is what percent more than $1250?

Question 7: Solve the following equation. X-35% of x=76.7

Questions 8: Suppose it costs C$260 to purchase US$245.23. What is

the exchange rate? How many u.s dollars?

Question 9: A storekeeper bought merchandise for $1644. If she sells

the merchandise at 16 2/3% above cost.

Question 10: A clerk whose salary was

Question 11: A 13.5% blended sales tax on a pair of shoes amounted

to $23.22 of tax.

Question 12: A residential property is assessed for tax purposes

Question 13: Ms. Daisy pays 37 % of her monthly gross salary as rent

on a townhouse.

Question 14: The annual interest on a bond is

Question 15: A special purpose index has increased 116%

Question

Question

Question

Question

16:

17:

18:

19:

After real estate fees of 7% had been deducted

The number 453.6 is 80% more than what number?

Suppose the Consumer price Index in 2009 is 114.4,

3.5: Use proportions and currency cross rate tables to convert currency

Question 1: How many US dollars can you buy for C$779.00 if one

Canadian dollar is worth US$0.7361

Question 2: How many Canadian dollars can you for

Question 3: Suppose the exchange rate was.

Question 4: What is the price of gasoline per litre in Canadian dollars if

a

Question 5: Using the currency cross rate table, convert..

Question 6: Using the currency cross rate table

3.6: Use index numbers and the Consumer Price Index

Question 1: Using 2005 as the base period, compute a simple price

index

Question 2: Using the indicated base period, compute a series of

simple price

Question 3: Suppose the consumer price index for 2006 was 107.2 and

for 2009, it was 119.5

Question 4: Brendas annual incomes for 1992, 1996, and 2002 were

Question 5: Mario earned $33,000 in 1995. If the Consumer price index

Question 6: A stock index was 860.3 on March 31, 2002 and 919.9

3.7: Use federal income tax brackets

Question 1: Matt calculated his 2012 taxable income

Question 2: Nancy calculated her 2012 taxable income

Question 3: Using the 2012 federal income tax brackets

Question 4: In early 2012, Allans gross pay

Question 5: Matts gross pay had been $68,000 per year, when he

received an increase of $6000 per year.

Chapter 5: Cost-Volume-Profit Analysis and Break-Even

5.1: Construct and interpret cost-volume-profit-charts

Question 1: A firm manufactures a product that sells for $12 per unit.

Variable cost per unit is $4

Question 2: A firm manufacturers a product that sells for $11 per unit..

5.2: Compute break-even values using the cost-volume-profit

relationships

Question 1: The neighborhood bookstore sells novels for

Question 2: The operating budget for a certain company

Question 3: A local car dealership has revenues

Question 4: Xia-Ming is considering the expansion of her pictureframing camera

Question 5: Samantha and a group of friends have set up a weekend

baseball tournament.

Question 6: John wants to earn money this summer by maintain

gardens and lawns.

Question 7: Melinda and Morris sell soft drinks at ball games.

Question 8: Woody Woodworks makes and sells cedar planters boxes

Question 9: A daycare charges $52 per day per child.

5.3:

Question 1: Rubber and steel company is planning to manufacture a

new product.

Question 2: Rosemary is planning to make fancy, multi-tiered wedding

cakes

Question 3: To pay for his academic fees, Tarek, a college student, is

selling a computer

Question 4: The date to the right pertain to the operating budget of

Jones Manufacturing

Question 5: Slicks Mechanics provides oil changes for vehicles

Question 6: A vehicle accessory shop is considering buying a new style

Question 7: Macdonald Elementary School needs to raise money for

the new playground

Question 8: Tina, an entrepreneurial business student, wants to set up

a business completing tax forms

Question 9: A local convenience store sells a large variety of snack

foods.

Question 10: Juans

Question 11: Joys business had a budget of $227,000

Question 12: The following information is available from the accounting

records of Eva corporation.

Question 13: A manufacturer of major appliances provides

Question 14: Quickprint Services operates

5.4:

Question 1: Ingrid is planning to expand her business by taking on a

new product

Question 2: A booth in a mall sells calendars. The calendars are

purchased

Question 4: A news stand sells local fashion magazines. The cost to

purchase the

Question 5: Projected financial results for the universitys cafeteria.

Question 6: Sportsbags Inc. makes and sells hockey bags for students.

6.1:

Question 1: A barbeque is listed

Question 2: An electric drill is listed

Question 3: An electronic game listed at

Question 4: Arrow Manufacturing offers discounts of

Question 5: Shamin Jewelers sells diamond necklaces for

Question 6: Compute the rate of discount allowed on a lawnmower that

lists

Question 7: A 40% discount allowd on a article amounts to

Question 8: A freezer was sold during a clearance sale for $387.50. If

the freezer was sold at a

Question 9: A machinery company lists a long splitter

Question 10: A ski jacket that cost a dealer

6.2:

Question

Question

Question

Question

Question

1:

2:

3:

4:

5:

Pallette Manufacturing received an invoice

A company received an invoice

What amount will reduce the amount due on an invoice of

What amount will reduce

6.3:

Question 1: Guiseppes buys supplies to make pizzas at a cost

Question 2: A hardware store buys outdoor lights for $4.00

Question 3: A sports store purchased tennis racquets for

Question 4: Sheridan Service sells oil at a markup

Question 5: A car accessory is sold for $40.16

Question 6: On May 18, an invoice dated

Question 7: What amount must be remitted if the following invoices

Question 8: The Peel Trading Company received an invoice date

September 20

6.4:

Question 1: A flavored drink was offered for sale at $2.09 at West

Store.

Question 2: A wholesale company prices its inventory at #120,613.

Question 4: Luigis Restaurant offers a buy one dinner get the other

dinner for half price

Question 5: A lakeside resort offered a midweek package

Question 6: Pat Putters Company sells golf balls for $29 per dozen.

Question 7: Homeward Hardware buys car litter for $6

Question 8: Using a markup of 35% of cost, a store priced a book

Question 9: A bedroom suite that cost a dealer $1800 less

Question 10: An appliance store sold GS coffeemakers for

6.5:

Question 1: An electric fireplace cost a retailer

Question 2: A department store paid $64.44 for a dinner plate set.

Question 3: Aldos Shoes bought a shipment of 682 pairs of womens

shoes for $42 per pair

Question 4: A clothing store buys shorts for $49.00 less 45%

Question 5: A jewellery store paid a unit price of $250

6.6:

Question 1: A merchant realized a markup of $42 by selling an item at

a markup

7.1:

Question

Question

account

Question

Question

Question

Question

Question

Question

Question

Question

required

Question

2: On March 28, 2006, Leah deposited $435.00 into savings

3: Billy borrowed .. to buy a car

4: Joe borrowed

5: Lin Yan borrowed from her parents to finance a vacation

6: Using the simple interest formula, compute the amount

7: Same as question 6

8: Compute the amount of interest

9: Compute the amount of interest

10: Using the simple interest, state the rate and time

11: Computer the aount

7.2:

Question

Question

Question

Question

1:

2:

3:

4:

Find the rate

Joan borrowed $3240 and is to repay the balance

Determine the number of days

Question 6: What principal will earn #40.32 interest from

Question 7: Pablo wants to supplement his pension by

Question 8: Bunnys Antiques received $50.00 interest on a 100-day

term deposit

Question 9: Xi-Yongs Dress Shop borrowed to buy material.

Question 10: Macs credit card statement included in cash advances

and

Question 11: On January 18, 2006, Low rider Automotive established a

line of credit

Question 12: Find the loan principal

Question 13: What principal will earn $34.44 interest

Question 14: If $680 is worth $698.70

Question 15: What principal will earn $24.87 at 4.75% in 156 days?

Question 16: At what rate of interest must a principal of

Question 17: In how many months will $2500 earn

7.3:

Question 1: Arthur invested $2698.00 in a 349-day term deposit.

Question 2: On May 24, 2006, a company invested $32,380.00

Question 3: Manuel wants to invest an inheritance of $26,000 for one

year. His credit union offers

Question 4: Find the future value of

Question 5: Find the maturity value of

Question 6: Compute the future value

Question 7: Find the future value

Question 8: Mountain Grains Cooperative wants to invest in a shortterm deposit.

Question 9: Compute the accumulated value of $4200 at

7.4

Question 1: What principal will have a future value of $4572.00 at 6.4%

in three months

Question 2: What amount of money will accumulate to

Question 3: Determine the present value of a debt of due in six months

Question 4: The annual Tennis Club membership fees of $10,000.00 are

due on June 12,2007.

Question 5: The lawyer for a credit union member has sent a cheque.

Question 6: On October 15, 2006, Ben bought a governmentguaranteed short-term investment

Question 7: On October 15, 2006, Toddlers Toys borrowed money with

Question 8: Find the principal and the interest amount

Question 9: Find the principal and the interest amount

Question 10: What amount of money will accumulate to

Question 11: What is the present value of due in nine months if interest

is

Question 12: Payments of .. and. Are due four months from now

and nine months from now

Question 13: Schedule payments of $800 due two months ago and

$1200 due in one month are to be

7.5

Question 1: Two scheduled debt payments of

Question 2: A loan payment of $1000.00 was due 30 days ago and

another payment of

Question 3: Jane was due to make loan payments of $1984 eight

months ago, $4895 six months ago, and $430 in six months.

Question 4: Dan borrowed $740.00 today and is it repay the loan in two

equal payments.

Questions 5: When Ruby borrowed $1249.00, she agreed to repay the

loan in two equal payments

Question 6: Krista borrowed . . The Loan is to be repaid

Question 7: Find the equivalent replacement payments

Question 8: Find the equivalent replacement payments.

Question 9: Find the equivalent replacement payments for the

following scheduled payments

Question 10: Payments of $4000 each due in four, nine, and eleven

months form now are to be settled

Question 11: Loan payments of $700 due three months ago and $1000

due today

Question 12: A loan of $5000 is to be repaid in three equal installments

due 60, 120 and 180.

8.1

Question 1: The face value of a two-month, 5.6% note dated

Question 2: Use the future value formula to compute the maturity

value of the following promissory notes

Question 3: Compute the maturity value

Question 4: Computer the maturity value

Question 5: Determine the amount of interest on a 45-day note for

Question 6: A $1388 note is issued on December

Question 7: A 120-day note for $1977 with interest

Question 8: Find the present value, on the date indicated. A noninterest bearing note for

Question 9: Determine each of the items listed

Question 10: A note for $844, dated April 4, 2006, with interest

Question 11: Determine the maturity value of a 120-dfay note for

$1250 dated May 23 and bearing interest

Question 12: The maturity value of a seven-month promissory note

issued July 31, 2012, is $3275

Question 13: What is the face value of a three-month promissory note

dated November 30, 2011, with interest at 4.5 percent

Question 14: On June, 2012, a four-month promissory note

Question 15: Compute the proceed of a five-month, $7000 promissory

note dated September 6, 2012.

8.2:

Question 1: What is the price of a 364-day, $25,000.00 Government of

Canada treasury bill that yields

Question 2: An investment dealer acquired a $10,000.00, 91-day

Province of Nova Scotia

Question 3: An investor purchased a 91-day, $100,000.00 T-bill on its

issue date for $99,396.25

Question 4: On April 1, $10,000.00 364-day treasury bills were

auctioned off to yield 2.28%

Question 5: Government of Alberta 364-day T bills with a face value

8.3

Question 1: On March 4, Fat Tires Ltd. Borrowed 12,000 with an interest

rate of 9.8%. The loan was repaid in full

Question 2: Automotive Excellence Inc. borrowed $20,000.00 on April 8

with an interest rate of 4.7%

Question 3: An automotive dealer borrowed 75000 form the Bank of

Montreal

Question 4: The Tomac Swim Club arranged short-term financing of

$12,000 on July 10 with the Bank of Commerce.

Question 5: The continental Bank made a loan of 25,000 on March 6.

Question 6: Dirk Ward borrowed 13,000 for investment purposes on

May 17

Question 7: Quick Print Press borrowed 20,000 from the Provincial Bank

8.4

Question 1: Suppose your business has secured a line of credit and

receives the accompanying statement

Question 2: Suppose you have a line of credit and receive the

accompanying statement

Question 3: Suppose you have a line of credit and receive the

accompanying statement

Question 4: Suppose you have a line of credit and receive the

accompanying statement

Question 5: Exotic Furnishings Ltd. Has a line of credit secured by the

equity in the business

8.5

Question 1: Shelley borrowed $1002.00 from the Dominion Bank at

7.6% per annum calculated on the monthly unpaid

Question 2: Blended payments on $2040.00 loan were $418.00 per

month. Interest was charged at 7%

Question 3: On June 15, Julio borrowed $1,010.00 from Sheridan Credit

Union

Question 4: On May 8, Manuel borrowed $640.00 from his uncle at

5.5% per annum calculated on the daily balance

Question 5: You borrowed $3000 at 9% per annum calculated on the

unpaid monthly.

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