Business math part 3
Credit info
Credit information is any personal information such as names, addresses, telephone numbers, email addresses, credit card information, or other contact information and personally identifiable data.
If a letter of the alphabet is chosen at random, what is the probability that it will be a vowel? (Y is not a vowel.)
D
Sarah is saving for a vacation. She kept track of how much she saved each month over the last six months in the following table. What did Sarah save per month on average?
D - $118.83
Carolyn selected a tile randomly from the set shown below. What is the probability that she selected a white tile or a tile with an even number?
D - 9/20
Lily sells loose tea for $0.71 per gram. If one gram is equivalent to 0.035273 ounces, how much does it cost to buy 0.45 pounds of Lily's tea?
$144.93
Bloro Appliances had to sign a contract which included costs of $15,975. How much profit did Bloro Appliances gain from sales of these dishwashers over the past six months?
$45,348.48
Kevin is calculating his expenses for his planned trip to Colombia. He has a total budget of $2,106,559 (2,106,559 Colombian pesos) for this trip. If his lodging will cost him $313,597, his plane ticket will cost him $891,922, a Spanish/English phrasebook costs him $91,438, and he has allocated $348,792 for food, how much does he have remaining for spending money and other miscellaneous expenses?
$460,810
Place the following temperatures in order from coldest to hottest: -8°C, 10°C, -5°F, 40°F
-5°F, -8°C, 40°F, 10°C
How many different 4-digit personal identification numbers are possible if no digit can be used twice?
10 x 9 x 8 x 7 = 5040
The following graph represents the cost and revenue functions for custom-made computers. How many computers have been sold at the break-even point?
12
Khybar Inc. manufactures dental x-ray machines. The company can sell an x-ray machine which cost $508.17 to produce for $1,295.75. Each of the company's two salespeople earns a different commission per sale, as shown in the table below.
153
The following chart shows a store?s records of coat sales over two years. If the trend shown in these graphs stays constant, what percent of the market will parkas occupy in 2008? (Round your answer to the nearest tenth.)
16.5%
Patrick laid a pencil and a candle end-to-end. The pencil is 15.80 centimeters long, the candle is 0.303 yards long. There are 30.48 centimeters in a foot. How many inches long are the two items placed end-to-end?
17.13 in
Blue< phone no phone< 123 Green< phone no phone< 123
2 x 2 x 3 = 12
A three-character password is to be created by choosing characters from the digits 0 through 5 inclusive, vowels (a, e, i, o, u), or 5 special keyboard characters. If only one character category can be used at a time, rank the following from smallest to largest based on the number of possibilities for a password.
2, 3, 1
The following graph shows a bus's record of the number of passengers it picked up over the course of a day. How many people rode the bus over the course of the day?
C - 570
Marcy's company produces grandfather clocks. Each clock costs them $164 to make, and they can sell a clock for $625. If their annual overhead costs, not counting the cost to produce the clocks, comes to $96,000, how many clocks must Marcy's company sell each year to break even? Round to the nearest whole clock, if necessary.
208
Ben is preparing a package to mail to his friend in Switzerland. The parcel service he is using demands that his package be no greater than 55 cm on any side. If 1 inch is equivalent to 2.54 cm, what is the size limitation in inches?
21.65 in
A password is 4 characters long and must consist of 3 letters and one number. If letters cannot be repeated and the password must end with a number, how many possibilities are there?
26 x 25 x 24 x 10 = 156,000
Ron placed a grilled cheese sandwich, a sneaker, a pinecone, and a dog collar together on a scale. The sandwich weighs 0.462 lb, the sneaker weighs 290.87 g, the pinecone weighs 0.0000453 ton, and the dog collar weighs 0.246 kg. There are 2.20462 pounds in one kilogram. How many ounces do all of these objects weigh in total?
27.78oz
An identity thief watches someone enter a four-digit PIN and manages to see that the first digit is 3. They also know that the second digit is either 4 or 7. If the thief tries guessing the PIN, how many possiblities would there be?
3 x 2 x 10 x 10 = 200
A rope has a density and thickness such that a 3.25-centimeter-long segment of it weighs 61.40 grams. There are 28.3495 grams in an ounce and 2.54 centimeters in an inch. How many ounces would a 19.45 inch length of the same rope weigh?
32.92 oz
Login, 7-10 characters, longer is safer, 10 instead of 7 26 + 10 = 36
36^10 = 3,656... 36^7 = 78, 364... Subtract: 3,656...
A 7 character computer password is made up of 4 letters followed by 3 numbers. How many different passwords are possible?
456,976,000
Kim is planning a trip to Spain. She will stay there for a total of thirteen nights. She has found two options for her lodging: a hostel, which charges €12.65 (12.65 euros) per night, and a private hotel, which charges €31.25 per night. Kim would like to spend as many nights as she can afford in the private hotel. If she has a budget of €275 for lodging, how many nights can she stay in the hotel?
5
A rod of iron of uniform density has a thickness such that a one-inch-long segment of it weighs 3.88 ounces. Given that there are 0.035273 ounces in a gram and 2.54 centimeters in an inch, how many grams would a 14.79 cm length of the same iron rod weigh?
640.51 g
Rebecca is calculating her expected expenses for her week long trip to Thailand. Her plane ticket costs 22,885 baht, her lodging costs 15,307 baht, and she has set aside 29,071 baht for food and spending money. What is Rebecca's total expense?
67,263 baht
Jennifer has built a shelf which can safely support 16.40 pounds. If there are 2.20462 pounds in a kilogram, how many kilograms can Jennifer's shelf support?
7.44 kg
The chart below shows one store's sales of computers, listed by model. If the changes in sales between May and June continue at the same rate, how many total computers will be sold in July?
721
A chicken farmer can produce one crate of eggs at a cost of $9.86, and can sell that crate for $34.24. If the farmer has a starting overhead cost of $7,312, not including production costs, how many crates must be sold in order to realize a profit of $11,300, to the nearest crate?
763
Calvin works at a facility which processes apples. It costs the facility $0.68 to make either a jar of applesauce or a bottle of apple juice. Due to the nature of the process and contractual agreements, Calvin's facility must make and sell three jars of applesauce for every two bottles of apple juice. A jar of applesauce sells for $2.20, and a bottle of apple juice sells for $3.15. If the facility has annual overhead costs of $368,500, not including production costs, how many bottles of apple juice will the facility have sold when it breaks even every year? Round to the nearest whole bottle, if necessary.
77,579
Derek lives in Canada and enjoys herb gardening. His American friend sent him a guidebook for growing fresh herbs. The book says that it is best to cut bay shoots when they are 3.25 in long. If 1 mm is equivalent to 0.03937 in, how many millimeters long should the bay shoots be when Derek cuts them?
82.55 mm
Charlotte measured the weights of several items in her house and arranged them in the table below. Given that there are 28.3495 grams in an ounce, find the number of ounces in the heaviest item listed above.
87.79 oz
What are the total amount of choices possible if an individual is to create a 4 digit password using the digits 0 through 9 inclusive, but not using the digit 0 as the first character of the password?
9000
The chart below shows one store's sales of computers, listed by model. If the changes in sales between May and June continue at the same percent rate, how many Dinztop computers will be sold in July?
98
Jeff likes to grow zucchini. He has made a graph of the total number of zucchini his garden has produced this season, which can be seen below. How many zucchini did Jeff's garden produce between June 9 and June 15?
A - 10
What is the difference between a line graph and a scatter plot?
A - A line graph presents continuous and linked data, while a scatter plot presents unlinked data.
Consider this chart, which details a store's sales revenue by department. Which of the following statements indicate ways in which this graph is misleading? I. The sections are not numerically labeled. II. The time frame is not mentioned. III. It is unclear which color corresponds to which section.
A - I and II
Which of the three following graphs display the same data? County vote turnout
A - I and II
Consider the following graph, which details a retailer's profits over the course of several years. Of the following, which option or options would help make this graph less misleading? I. The y-axis should be labeled. II. The scale on the y-axis should be resized. III. The scale on the x-axis should be resized.
A - I only
A restaurant manager wanted to get a better understanding of the tips her employees earn, so she decided to record the number of patrons her restaurant receives over the course of a week, as well as how many of those patrons left tips of at least 15%. The data she collected is in the table below.
A - Sunday
What kind of graph is shown below? fruit sold
A - bar graph
As a manager of a restaurant, you are working on creating a graph to demonstrate the makeup of your staff. The data you are to present is shown in the table below. If you wish to emphasize the relation of each group to the whole, what kind of graph would be appropriate?
A - pie chart
What might cause a change in the value of fiat money?
A change in government regulations
Credit Report
A credit report is a detailed history of an individual's credit and is used by lenders to determine credit worthiness.
A currency is a system of money created and used by
A nation or region of the world.
password
A password is a secret word or string of characters used to gain access to information or to log onto a computer.
If the final price of the mattress was $227.83, what was the original price of the mattress, to the nearest dollar? Round all dollar values to the nearest cent.
A. $356
A software store has put some of its inventory on sale. Games are marked down by 15%, and security programs are marked down by 18%. If you pay $35.70 each for two games and $22.96 for a security program, how much have you saved?
A. 17.64
In order to clear out room for new merchandise, James decided to mark down some of the items for sale in his electronics store. He marked down DVD players by 36%, and he marked down stereo tuners by 22%. If DVD players cost $41.60 after the markdown and stereo tuners cost $69.42 after the markdown, which item's price was reduced by more, and by how many dollars more was it reduced? Round all dollar values to the nearest cent.
A. The DVD player's price was reduced by $3.82 more than the stereo tuner's price.
Lisa is a leading player on her basketball team. She has kept track of how many points she has scored over the course of the season. Her scores may be viewed in the table below. What is the median of Lisa's scores? Round to the nearest point, if necessary.
B - 24
You are the manager of a retail store, and you have been tasked with finding the return rate on a certain brand of laptop computers. You have assembled the data on the number of computers sold and the number returned over the past six months in the table below.
C - 1,743
Craig runs a clothing store. He has decided to apply a markdown of 30% to one item in order to draw customers into the store, and he will apply a markup of 25% to three different items, which he hopes the customers will purchase after purchasing the marked-down item. He has chosen four candidates for this process: a leather jacket with an initial cost of $112.75, a blazer with an initial cost of $76.85, a pair of boots with an initial cost of $134.50, and a wristwatch with an initial price of $89.65. After applying the changes, the total cost of purchasing one of each item is $29.46 more than it was before applying the changes. Which item was marked down?
A. wristwatch
ATM
ATM is an acronym for automated teller machine, a machine at a bank branch or other location which enables a customer to perform basic banking activities even when the bank is closed.
Reliability
Accuracy of a measure
Redress: Access to essential products (both gov and consumer play role)
Adequate food, shelter, clothing, health care, edu, sanitation
Will works for a company which produces both computer hardware and computer software. He is preparing for a meeting with his boss. He has been asked to compile sales data from a five-year period for both hardware and software sales. The data Will has gathered is in the table below, but it is scrambled and hard to read. Sales are in hundreds of thousands of dollars. "H" and "S" indicate hardware and software, respectively.
B
You are in charge of a store's advertising budget. You know that taking out a newspaper ad for one day will bring in an average of 360 customers, and that running a radio ad for one day will bring in approximately 520 customers. You are contractually obligated to spend at least 60% as much on newspaper ads as you do on radio ads. A newspaper ad costs $1,200 per day, and a radio ad costs $1,500. If you have an ad budget of $33,300, what is the greatest number of customers that your advertisements can bring in?
B
Harold randomly selected one square tile and one round tile from the sets shown below. What is the probability that Harold selected a pink square tile, and either a red or a blue round tile?
B - 14/60
In order to better decide how to market a new line of clothing, Mary is researching the demographics of the customers of a certain clothing store. She counted the number of customers who visited the store over the course of a month, and found out how many of the customers were high school students. Her collected data is in the table below.
B - 2,392
A company is presenting the sales data using a bar graph. The company asserts that the sales increased substantially from 2006 to 2008 using Bar Graph 1. Their competitor used the same sales data to produce Bar Graph 2. Which bar graph is misleading? How do you know?
B - Bar Graph 1 is misleading because the vertical axis does not start and 0 and the scale for the graph is 0.25 instead of 1.
Katie works as a waitress and records her monthly tips in the table shown below. If Katie decided not to work the month of November, how would her five month average compare to her six month average for monthly tips?
B - Her monthly average would have increased by $19.57.
Which of the three following graphs display the same data? cell phone sales
B - I and III
The following chart represents the record high temperatures recorded in Phoenix for April-November. Select the answer below that best describes the mean and the median of the data set (round answers to the nearest tenth).
B - The mean is 121°F, and the median is 118.5°F.
Which of the following is a pair of events which are dependent on one another?
B - drawing a pair of cards from a deck
Rachel has just completed a study of precipitation in three different locations over the course of a year. The data she wishes to present in graph form is shown in the table below, with precipitation listed in inches. Rachel wants her graph to emphasize the relation of each city's precipitation to each other city's at each point in time. What kind of graph would be appropriate?
B - line graph
A jacket costs $72.90 before it is marked down 42%. What is its new price, to the nearest cent?
B. $42.28
A floor lamp originally cost $44.50. Over a period of two months, it underwent the following changes in price.
B. $47.72
A store is selling a black pair of shoes for $79.45 and a brown pair of shoes for $133.99. The black pair of shoes is marked up by 44%, and the brown pair of shoes is marked down by 21%. Which pair of shoes is more expensive, and how much more expensive is it? Round all dollar values to the nearest cent.
B. The black pair costs $8.56 more than the brown pair.
Using the information in the table, determine the least expensive way to visit all of these cities, starting and ending in Buenos Aires.
Buenos Aires to Tucuman to Bahia Blanca to Salta to Buenos Aires
Consumers
Buyer of goods and services
A certain company gives its salespeople a bonus every six months. This bonus is calculated by averaging (taking the mean of) the four middle monthly sales values (that is, ignoring the highest and lowest) from the six-month window, taking 12% of the result, and splitting it evenly among the salespeople. The graph below shows sales for the most recent bonus period.
C
As the director of advertising for a computer company, Isabella is trying to decide how to distribute the money in her advertising budget. The amount of money gained from the sale of various products over the past year is shown in the graph below.
C
Jasmine set up counters at four major intersections, keeping track of how many cars passed by each on a daily basis over the course of several days. Her findings are shown in the chart below. Which intersection had the greatest number of increases in traffic from day to day?
C
Orlon Jewelry, a retail store, restructures its employees' schedules every six months. The employees are asked for their shift preferences, and the schedules are rearranged according to these preferences. When there is a conflict, those with the best total sales over the past six months are given priority. The following graph and table show the most recent sales records and employee preferences, respectively.
C
The following chart shows a company's sales records of four employees over the past year. Based on this graph, which employee is likely to have the greatest sales next month?
C
The following graph details the number of performances of plays a Shakespearean acting company has performed over the past five years. If the company has performed Twelfth Night 25 times in the past five years, how many times have they performed in total? Round to the nearest whole performance, if necessary.
C
The following graph shows the size of minnows that were caught over the course of a day.
C
Which of the following is not a method used on graphs to lead the reader to misinterpret the graph?
C - Comparing two sets of related data on the same graph for the sake of comparison.
The table below shows data on the number of emergency room admissions recorded over the span of one shift. Which of the following graphs displays the same information as that shown in the table?
C - III
What is an advantage that experimental probability has over theoretical probability?
C - It is not always possible to calculate theoretical probability in complex situations, but experimental probability can be calculated any time experiments can be run.
Say that you put the set of tiles shown below into a bag and conduct a series of trials in which you draw one tile randomly from the bag, record the color, and replace it. The table below shows the number of times in each set of trials that you drew a blue tile. Between the theoretical probability that you will draw a blue tile and the experimental probability that you will draw a blue tile, which is greater, and how much greater is it? Express all probabilities as percentages to two decimal places, and express differences by number of percentage points (for example, 12% is 2 percentage points greater than 10%).
C - The experimental probability is 4.06 percentage points greater than the theoretical probability.
Terrence is playing a game in which he will randomly select one square tile and one round tile from the tile sets shown below. Before he does so, he tries to guess which tiles he will draw. Of the four possible guesses listed below, which will give Terrence the highest chance of success?
C - green, brown, or white square tile and black or white round tile
What are the mean, median, and mode of the following data set?
C - mean: 9/20, median: 2/5, mode: 3/4
What kind of graph is characterized by presenting values as coordinate points without any connecting element?
C - scatter plot
Which of the following is a pair of events which are mutually exclusive?
C - sleeping in late and waking up early
Compared to if she had bought no items on sale, by what percent was Jan's total grocery bill discounted? Round to two decimal places.
C. 16.65%
A store marks down the price of a necklace from $389.85 to $314.15. By what percent did the price decrease? Round to two decimal places.
C. 19.42%
Richard's store sells pineapples and grapefruits. Pineapples originally cost $5.15 apiece, and grapefruits originally cost $2.25 apiece. Richard reduced the prices to $3.88 for a pineapple and $1.56 for a grapefruit. Which fruit had its price reduced by a greater percent, and how many percentage points greater was that reduction than the other? Round to two decimal places. (Express your answer in percentage points; for example, 15% is 3 percentage points greater than 12%.)
C. The price of grapefruits experienced a reduction 6.01 percentage points greater than the price of pineapples.
The two tables below show the success rates of several groups of businesses in a certain city. The first shows the number of businesses of several types started in Sharon's city over the course of two years, and the number of those businesses which did not succeed and were forced to shut down within two years of opening. The second deals with separate records of successful new businesses, showing how much profit those new businesses turned over two years. Businesses on the boundary lines fall in the lower category.
D - III only
Which of the following is a reason people sometimes use mean or median to misrepresent the "average" of a set of data?
D - In data sets with outliers, either the mean or median can be used to make the data set appear more favorable to their agenda.
Which of the following statements is not true?
D - The mean is the middle value of a data set.
Consider the following graph, which shows a store's sales of fruit over the course of one week. How could this graph be misleading?
D - The scale on the y-axis is very small.
Perry is considering trying to open a new business within the next few years, and he is doing research to determine what kind of businesses tend to be successful. So far, he has compiled two tables. The first shows the number of businesses of several types started in Perry's city over the course of two years, and the number of those businesses which did not succeed and were forced to shut down within two years of opening. The second deals with separate records of successful new businesses, showing how much profit those new businesses turned over two years. Businesses on the boundary lines fall in the lower category.
D - The situation involving the food establishment has a probability 2.36 percentage points higher than the situation involving the financial establishment.
Consider the following graph, which details one bookstore's sales over the course of one day, divided by genre. By percent, how much greater do sales of horror books appear to be than sales of cookbooks? How much greater are they in reality?
D - There appear to be 25% more sales of horror books than cookbooks, but there are really only about 2% more.
What kind of graph is shown below? Recorded Temperatures with red line graph
D - line graph
Consider the following graph, which indicates collected data on the weight of a certain species of swallow and the number of leaves it weaves into its nest. What aspect of this graph is likely being emphasized by the choice of graph style, choice of scale, and so on?
D - the indirect connection between weight and leaf content
Ira purchased a new dishwasher for $361.35. The dishwasher was on sale for 17.5% off. What was the original price of the dishwasher, to the nearest dollar?
D. $438
Put the following items in order from most expensive to least expensive. Item BasePrice Change Direction Toaster $23.35 36% Markup DVD $20.36 66% Markup Hphones $69.09 56% Markdown Jeans $55.08 41% Markdown
D. DVD, jeans, toaster, headphones
Which of the following statements best describes the difference between markup and margin?
D. Markup relates profit to cost while margin relates profit to selling price.
In the United States, dollar bills, nickels, and dime are
Different denominations.
What is the cost of the most efficient route? You may visit the cities in any order, but you must begin and end in Cairo.
EGP 604
Pam's total budget is P 77,500.Which of the following additional items can Pam afford?
Either I and III or II
Haley measured the distances between her house and two of her friends' houses. Ellen's house is 1.41 miles away from Haley's, and Dirk's house is 6,547 feet away from Haley's. Whose house is farther away from Haley's, and how many feet farther away is it, to the nearest whole foot?
Ellen's house is 898 feet farther away than Dirk's.
Advertising is one of the most reliable sources of product information.
F
It is possible, through careful consideration of economic principles and interactions, to reach a state of equilibrium in practice
FALSE
What consumer protection agency is known by the acronym FTC?
Federal Trade Commission
Arderi Air Conditioning had a total fixed overhead cost of $7,622.25. It is known that one salesperson sold 51 units, one salesperson sold 43 units, and one salesperson sold 54 units. Which arrangement of sales would cause Arderi Air Conditioning to break even?
Mary sells 43 units; Jay sells 51 units; Abby sells 54 units
Carol is planning a trip to South Africa. She plans to spend ten nights there, so she is investigating her options for lodging. She has made arrangements to stay at least part of the time at a hostel, which is her cheapest option. However, she would like to spend as many nights as she can in a private hotel. The hostel costs R 34 (34 rands) per night, and the hotel costs R 55. If Carol has a budget of 430 rands for lodging, how many nights can she afford to stay in the private hotel?
Four
How many types of money are included in the M2 category?
Four
Using this table, determine whether it is more cost-effective to go to Nantes first or to go to Toulouse first, and how much cheaper doing so is than the alternative.
Going to Nantes first is €3 cheaper than going to Toulouse first.
Arrange the following units in order from smallest to greatest: ounce, pound, gram, kilogram
Gram, ounce, pound, kilogram
Walter is a botanist. He often needs to weigh parts of plants, such as flowers or leaves. Which of the following units would likely make Walter's measurements easiest to read?
Grams
Which agency is responsible for supervising programs related to housing needs and community development?
HUD
June has decided to take up quilting. She bought a sewing machine for $135. It costs her $11.75 in raw materials to make a quilt, and she can sell a quilt for $28.50. Which of the following graphs best illustrates June's situation?
I
Which of the following pairs of equations best suits this graph?
I and III
Of the four consumer protection groups listed below, identify which groups are government agencies and which are non-governmental.
II and IV are governmental; I and III are not.
Walter's original itinerary included trips to Marrakech, Fes, Kenitra, and Oujda, but because he only has a budget of MAD 2,500, he must alter his plans to be more affordable. Which of the following itinerary changes will allow Walter to stay within his budget? (Consider each option individually, rather than as a group.)
II. Drop Fes. and III. Replace Marrakech with Casablanca.
The following chart shows a store?s records of sales of stuffed toys for two months. Which of the following are accurate assessments of trends displayed in this graph?
III only
Mark is measuring the size of his children's hands. His daughter's handspan is 7.38 inches, and his son's handspan is 16.05 centimeters. There are 2.54 centimeters in an inch. Which child's handspan is longer, and how many feet longer is it?
Mark's daughter's handspan is 0.0883 feet longer than his son's.
Voice: Consumers have right to complain
Issues must be effectively communicated to business, gov, or agencies
What does the Fair and Accurate Credit Transactions Act provide for consumers?
It entitles consumers to get one free credit report per year from the big three reporting agencies.
Which of the following best describes a way of safeguarding personal information?
Jenika has the cashier run her debit card as a credit purchase, rather than debit, to avoid having to enter her PIN.
Paul's sightseeing budget is £300. What is the cheapest city that Paul can drop from his plans and still stay under budget?
Leicester
Rachel weighed her two cats, Tiger and Mittens. Tiger weighed 10.91 pounds, and Mittens weighed 178.08 ounces. Which cat is heavier, and how many pounds heavier is she?
Mittens is 0.22 pounds heavier than Tiger.
The chart below shows one store's sales of computers, listed by model. If the changes in sales between May and June continue at the same rate, what will be the percent change in total computer sales from June to July? (Round your answer to the nearest tenth.)
NOT 20.7
The following chart shows a store's coat sales for two years. Identify the percent increase in total sales and the percent increase in sales of trench coats. Then find which percent of increase is greater and by how much greater it is than the other. (Round your answer to the nearest tenth.)
NOT Total coat sales increased 10.7 percentage points faster than sales of trench coats.
Sofa pillows cost $26.80 each when the CPI is 159. In 1983, how many sofa pillows could you buy with $125?
c
PIN
PIN or personal identification number is a secret number that is used to access bank accounts.
Which of the following expenses is not a fixed cost?
Packaging costs
What would happen if currency in all countries had fewer denominations
People could not charge as many different prices for goods.
Informed: Required that accurate info is given
Product labels, warranties, return/ exchange policies
Right to safety
Protection against sale and distribution of dangerous goods; government helps but mainly up to consumers
Brendan's original plan was to visit Stuttgart, Dresden, Weisbaden, and Berlin. However, he would like to keep his costs under €860. Which of the following changes would be the cheapest swap that Brendan can make and stay under budget?
Replace Stuttgart with Kiel.
The following chart shows a store's coat sales for two years. identify the percent increase in total sales and the percent increase in sales of jackets. Then find which percent of increase is greater and by how much greater it is than the other. (Round your answer to the nearest tenth.)
Sales of jackets increased 18.8 percentage points faster than total coat sales.
Rachel has only ¥36,000 to spend on this portion of her trip, she has decided that she must remove two cities from her itinerary. Which of the following is the cheapest pair of cities she can drop and still stay within her budget?
Sapporo and Kyoto
What consumer protection agency is known by the acronym SEC?
Securities and Exchange Commission
Exchange rates can indicate economic health by
Showing the relative strength of different nations' currencies.
Sensitive info: phone, name, address, DoB, birthplace, mother maiden name, SS number, Bank account No, Credit Card No, PIN or password
Stolen identity: Mail, Computer, Trash
Thomas had originally planned to visit Thiruvananthapuram, Mumbai, Bhubaneswar, and Bengaluru, but his budget of Rs. 25,300 makes that impossible. Which of the following itinerary changes will allow Thomas to stay within his budget? (Consider each option individually, rather than as a group.)
Swap Mumbai for New Delhi, Thiruvananthapuram for Jaipur, and Bhubaneswar for Lucknow. or Swap Thiruvananthapuram for Jaipur and drop Bengaluru.
Consumers are responsible for reading and following directions that come with the products they buy.
T
It is important to identify the primary purpose of the information before deciding if it is useful.
T
Knowing and using the resources available in your community will help you to make intelligent consumer decisions.
T
When information about goods and services is available, consumers have the responsibility to seek it out and use it.
T
Federal trade commission
The Federal Trade Commission is a federal agency that investigates and eliminates unfair and deceptive trade practices.
Victor is measuring his bodily dimensions. His neck is 14.72 inches in circumference, and his forearm is 25.81 centimeters long. There are 2.54 centimeters in 1 inch. Which of Victor's measurements is longer, and by what percent?
The circumference of Victor's neck is 44.86% longer than his forearm.
What is meant by the "right to redress"?
The consumer has the right to fair settlement of disputes.
What is the first step in the decision-making process, and why is it important?
The first step in the decision-making process is to define the objective. Doing so is important because you must have a goal in mind before you can know how to reach it.
John is weighing his jars of coins. His jar of pennies weighs 84.96 ounces, and his jar of nickels weighs 3.11 kilograms. There are 0.0283495 kilograms per ounce. Which jar weighs more, and how many more pounds does it weigh?
The jar of nickels weighs 1.55 pounds more than the jar of pennies.
The following chart shows the number of coats sold for two years. Determine if there was a percent increase or decrease in the number of trench coats sold, and by how much. (Round your answer to the nearest tenth.)
The percentage of trench coats sold increased by 23.3%.
Emma enjoys flying kites. Her red kite has a maximum altitude of 117.46 meters, and her black kite has a maximum altitude of 362.26 feet. One foot is the same as 0.3048 meters. Which kite has a higher maximum altitude, and how many feet higher is it?
The red kite has a maximum altitude 23.11 feet higher than the black kite.
Which of the following is not a basic consumer right?
The right to a refund
Koji is cooking dinner. He has a yellow onion that weighs 0.59 pounds, and a red onion that weighs 208.65 grams. There are 453.5924 grams in a pound. Which onion is heavier, and how many ounces heavier is it?
The yellow onion is 2.08 ounces heavier than the red onion.
People might choose to use a debit card rather than cash for purchases because
They do not want to carry around large amounts of cash.
For many hotels, including the Grand Hotel Toplice, the price of a room will fluctuate depending on _____.
Time of year
Lisa needs to arrive in Ankara from Istanbul in the next 5 hours. She wants to save as much money as possible, while minimizing her travel time to allow for more sightseeing. She looks at the local transportation options and determines the possibilities for that particular day in the table.
Train
What is one problem that might commonly occur when one is bartering?
Two people have different ideas about the value of an item.
If the changes in sales between May and June continue at the same rate, what will be the percent change in total computer sales from June to July? (Round your answer to the nearest tenth.)
a
When might it be important to know a currency's exchange rate?
When changing money into smaller denominations.
Jenny wants to go to each of these cities, her budget is only RUB 33,000, so she recognizes that she must change her itinerary and choose not to visit some cities. Which of the following pairs of cities will not put Jenny back under budget if she drops them?
Yaroslavl and Tolyatti
3The following table shows some time zone pairings for specific cities. Read the table by row; for example, the first row on the table would read "When it is 10:00 a.m. in Juneau, it is 8:00 p.m. in Oslo." When it is... in... it is... in... 10:00 a.m. Juneau 8:00 p.m. Oslo 5:00 p.m. Oslo 11:00 a.m. Santiago 3:00 a.m. Santiago 3:00 p.m. Kuala Lumpur 2:00 a.m. Kuala Lumpur 10:00 p.m. Dubai What is the time difference between Juneau and Dubai?
a
If the trend shown in these graphs stays constant, what percent of the market will parkas occupy in 2008? (Round your answer to the nearest tenth.)
a
If these four countries trade only with each other, what is the difference between the highest balance of trade and the lowest balance of trade within this group?
a
A certain book is for sale in both Belize and Brazil. In Belize, it sells for 80.39 Belize dollars. In Brazil, it sells for 63.65 Brazilian reals. The exchange rate of US dollars to Belize dollars is 1:1.9246, and the exchange rate of US dollars to Brazilian reals is 1:1.7880. When converted into US dollars, which country sells the book at a more expensive price, and how much more expensive is it? Round all currency values to two decimal
a
A certain book is for sale in both Belize and Brazil. In Belize, it sells for 80.39 Belize dollars. In Brazil, it sells for 63.65 Brazilian reals. The exchange rate of US dollars to Belize dollars is 1:1.9246, and the exchange rate of US dollars to Brazilian reals is 1:1.7880. When converted into US dollars, which country sells the book at a more expensive price, and how much more expensive is it? Round all currency values to two decimal places. 10
a
A family of three living in Georgia is thinking about filing bankruptcy. In order to file for Chapter 7 bankruptcy, what must be true about their monthly income?
a
A furniture manufacturer must pay $16.91 to make a certain kind of chair, which it can sell for $55.75. If the manufacturer has starting overhead costs of $18,340, not including production costs, how many chairs must it sell to realize a profit of $24,850, to the nearest chair?
a
A password is 4 characters long and must consist of 3 letters and 1 of 10 special characters. If letters can be repeated and the special character is at the end of the password, how many possibilities are there?
a
A password is 4 characters long, consisting of 2 letters and 2 numbers. The password must begin and end with a letter. If numbers can be repeated but letters cannot, how many possibilities are there?
a
Abger Electronics, a retail store, restructures its employees' schedules every six months. The employees are asked for their shift preferences, and the schedules are rearranged according to these preferences. When there is a conflict, those with the best total sales over the past six months are given priority. The following graph and table show the most recent sales records and employee preferences, respectively. 2007-16-02-00-00_files/i0110000.jpg Employee 1st Pick 2nd Pick 3rd Pick 4th Pick Rachel 12 p.m. 3 p.m. 9 a.m. 6 p.m. Gary 9 a.m. 6 p.m. 12 p.m. 3 p.m. Hannah 12 p.m. 6 p.m. 3 p.m. 9 a.m. Christopher 9 a.m. 12 p.m. 3 p.m. 6 p.m. Based on this information, when will each employee's shift begin?
a
An economist tracking a country's imports and exports finds that one year, the country's imports total an equivalent of $64,821,824, and its exports total an equivalent of $54,058,726. What is this country's balance of trade for that year?
a
Ann is planning a trip to Australia. The table below shows the cities she hopes to visit while she is there, as well as the amount of money she estimates that she will spend in each place as a result of lodging, eating, transport, and similar expenses. All costs are given in Australian dollars ($). City Cost ($) Toowoomba 161 Sunshine Coast 264 Newcastle 198 Perth 130 Sydney 224 Hobart 301 Bendigo 277 Ann has $1,265 budgeted for this portion of her trip. Which of the following possibilities represents the smallest portion she can cut out of her plans to stay under budget?
a
At his comic book store, Korey's Comics, Korey sells approximately $3,250 in comic books each month. But as a comic book dealer, Korey only pays $1,285 for these comic books. Korey's monthly operating expenses, including labor, are $875. Calculate Korey's monthly net income.
a
Based on a $500 loan amount, rank the following companies from the lowest to highest annual percentage rate (APR).
a
Based on the information in the table, assuming that these four countries trade strictly within the group, what is the value of the greatest trade balance in this group?
a
Based on the information in the table, how do the annual tax revenues of Germany and France compare to one another? 5
a
Below is last month's business income statement for Korey's Comics. Using the information provided in the statement, determine both the gross profit and net income for Korey's Comics last month.
a
Below is last month's business income statement for Korey's Comics. Using the information provided in the statement, determine net income for Korey's Comics last month. 4
a
Bill owns a company (Bill's Gates) that manufactures fence panels. Bill's Gates had a gross profit margin last quarter of 33%. Which of the following actions would allow Bill to increase his gross profit margin this quarter, assuming he sells the same number of fence panels?
a
Charles is planning a trip to Guatemala. He has allocated $415 for spending money. If the exchange rate from US dollars to Guatemalan quetzals is 1:8.5135, how much money does Charles have, as measured in quetzals? Round your answer to two decimal places.
a
Christopher has just returned to the United States from a trip to Singapore and Australia. He is looking over his records of the money he spent on his trip. The following list shows items and expenses Christopher paid for before and during his trip, as well as whether the purchase took place in US dollars (US$), Singapore dollars (S$), or Australian dollars (AU$). Item Cost Currency Camera 139.54 US$ Ferry ticket 525.15 AU$ Passport 33.45 US$ Guide book 62.99 S$ Hat 42.74 S$ Plane ticket 849.52 AU$ When Christopher was on his trip, the exchange rate for US dollars to Singapore dollars was 1:1.3914, and the exchange rate for Singapore dollars to Australian dollars was 1:0.7786. How much did Christopher spend in total, measured in US dollars? Round all currency values to two decimal places.
a
Faye, George, and Hannah are salespeople working at Lasht Cellular. It costs Lasht Cellular $21.49 per phone to stock a certain brand of phone, which they sell for $68.75. The three salespeople earn differing amounts of commission per phone sold, based on their seniority. The following table shows their respective sales in the past month. Salesperson Phones Sold Commission/Phone Faye 214 $10.25 George 176 $8.90 Hannah 251 $9.65 If Lasht Cellular had fixed overhead costs of $14,350 last month, how much profit did it gain last month?
a
How many four-digit personal identification numbers (PIN) are possible if the PIN cannot begin or end with a 0 and the PIN must be an even number?
a
If you can exchange 104.51 US dollars for 1,322.14 Mexican pesos, what is the exchange rate of the US dollar to the Mexican peso, to three decimal places?
a
In 1983, a microwave oven cost $78.75. Today, a microwave oven costs $92.66. If the CPI is 177, what is the relation of the actual price of a microwave oven to the expected price, to the nearest cent?
a
In the wrong hands, which of the following pieces of personal information would present the greatest risk for identity theft? 6
a
Korey is planning to open a comic book store, but has determined that he does not have enough money to cover the cost of opening the store and running the store for the first year. Which of the following is not something Korey should consider to meet his operational costs?
a
Korey is planning to open a comic book store. Although there are two other comic book stores within 20 miles, he believes he will be able to outperform them with a greater selection of merchandise, gaming competitions, and artist and author signings. In Korey's business plan, this information should be included in the _____ component.
a
Korey is planning to open a comic book store. He has developed the following expense breakdown for set-up and operation for the first year. Korey has $8,500 in savings and $25,000 in inheritance money to use to open his store. If Korey doesn't make any changes to his initial expenses, what percent of the total set-up and operation expense will have to be funded through loans or investors?
a
Korey is planning to open a comic book store. In his first year of operation, Korey expects to average $1,000 of profit each month. He then expects profits to increase by 6% each year for the next 4 years. How much does Korey expect to make in profits in his fifth year of operation?
a
Koshi creates a password as follows: number, special character, letter, letter, number If there are 12 special characters and Koshi does not repeat a letter or number, how many possibilities are there for his password?
a
Last month, Korey's Comics had $4,350 in net sales with a gross profit of $3,320 and a net income of $1,850. Calculate Korey's net profit margin.
a
Last year, Rusty's Tools experienced $67,550 in net sales, creating a gross profit of $50,338. If Rusty had a total operating expense of $35,200 last year, what was his net profit margin?
a
Lewis recently filed bankruptcy and now has a poor credit rating. He moved into an apartment and is setting up new accounts for his electric and cable. The deposits and connection fees for customers based on their credit rating are shown below. Electric Deposit Electric Connection Fee Cable Deposit Cable Connection Fee Good Rating $90 $50 $65 $75 Poor Rating $205 $75 $150 $110 How much more in deposits and fees will Lewis pay to have his electric and cable turned on because of his bankruptcy?
a
Miki, a resident of Kyoto, earns an annual salary of ¥6,760,950. If the Japanese government levies a 29.12% income tax on Miki's tax bracket, what is her yearly take-home pay, to the nearest whole yen?
a
Natasha is a regional manager for a chain of supermarkets. She has been tasked with researching the weekly sales records of two branch locations over the past month, which she must present to her board of directors. She was able to assemble the relevant information in the table below, but it is scrambled and hard to read. Sales are listed in thousands of dollars. Week 4 1 1 3 4 2 3 2 Sales 16.3 17.8 23.1 15.2 20.2 23.4 22.9 17.6 Branch North South North South South North North South In order to make the data more readable, Natasha has decided to put it into a graph. Which of the following graphs accurately matches the information in the table?
a
Penny bought a juice squeezer for $10. She can make a bottle of orange juice for a cost of $0.75, and she sells her orange juice for $1.85 per bottle. Which of the following graphs best illustrates Penny's situation?
a
Place the following temperatures in order from coldest to hottest: -8°C, 10°C, -5°F, 40°F
a
Place the following temperatures in order from coldest to hottest: 20°C, 36°C, 75°F, 94°F
a
Radwyn Horticulture is a company which focuses upon selling saplings. The company can grow a sapling for $15.45, and can sell that sapling for $36.50. There are three main salespeople at Radwyn Horticulture, each of whom earns a different commission per sapling sold, as shown in the table below. Salesperson Commission/Sale Lara $8.15 Ian $11.25 Ari $8.90 Radwyn Horticulture's fixed overhead expenses last month came to $7,699.45. It is known that one salesperson sold 191 saplings, one salesperson sold 245 saplings, and one salesperson sold 221 saplings. Which arrangement of sales would cause Radwyn Horticulture to break even?
a
Rhianna is in charge of a facility which produces and sells roast coffee. Her expense sheet can be seen below. Item Cost Rent $23,280/mo. Salaries $45,860/wk. Raw coffee $0.51/lb. Insurance $19,750/mo. Advertising $22,110/mo. Coffee roasting $0.32/lb Rhianna's coffee sells for $2.89 per pound. How much coffee must her facility sell each month to break even, to the nearest hundred pounds?
a
Sam is planning to start a pool cleaning business from his home. He has developed the following cost analysis for the set-up and operation for the first year of his business. He has $9,000 in savings and $23,000 in credit that he can use for the business. Approximately what percent of the initial set-up and operation costs will Sam need to finance with a lender or investor?
a
Say that a company has treated you unfairly or dishonestly. Which of the following options could help you resolve the issue? I. Report them to the Better Business Bureau. II. Speak to their corporate consumer department. III. Seek the help of the Department of HHS.
a
Terry took out a mortgage loan for $60,000 at an interest rate of 11% for 25 years. If Terry had not had a bankruptcy on her credit report, her payments could have been $424.07 per month. How much is Terry paying in additional interest over the life of the loan?
a
The CPI is currently 153. If a coffee maker costs $31.90 today, how much did one cost in 1983, to the nearest cent?
a
The Smiths were just approved for a 25 year mortgage at an 11% fixed rate. If they had not filed bankruptcy in the past, they could have gotten a rate of 7%. If their loan amount is $128,000, how much more per month will the Smiths be paying for their mortgage as a result of their bankruptcy?
a
Twila decides to purchase several party trays for her holiday party. She sees that a local store has relish trays for $18.95, cheese and cracker trays for $23.99, and cookie trays for $25.49. The store also has a coupon in its flyer for $5 off any purchase of $50 or more on party trays. Twila orders 1 relish, 1 cheese and cracker, and 2 cookie trays. At this store, discount coupons are applied after tax is calculated, so a sales tax of 8% was added to Twila's purchase, and then coupon amount was deducted. If Twila was charged $96.43, determine if she paid the correct amount.
a
Using the above supply/demand graph, what is the price at the point of equilibrium?
a
What does the Fair and Accurate Credit Transactions Act provide for consumers?
a
What is equilibrium, from an economic perspective?
a
When it is 11:30 a.m. in Dublin, it is 2:30 p.m. in Moscow. How far ahead of Dublin is Moscow?
a
When might it be important to know a currency's exchange rate?
a
When the CPI is 185, an electric razor cost $57.81. What is the difference between the price of an electric razor in 1983 and the cost of an electric razor when the CPI is 207, to the nearest cent?
a
Which answer choice is not one of the top 10 abusive lending practices?
a
Which of the following are accurate assessments of trends displayed in this graph? I. The market share held by cats increased by about 6.5 percentage points. II. Roughly 22.2% more stuffed toys in the "other" category were sold in October than in September. III. The total number of stuffed toys sold increased by about 2%.
a
Which of the following are reasons why governments might use tariffs? I. Tariffs raise government revenue. II. Tariffs can protect domestic trade by making foreign trade more expensive. III. Tariffs reduce the amount of money flowing in to a country, which reduces inflation.
a
Which of the following equations correctly describes how to calculate gross profit?
a
Which of the following functions is most closely connected with the CPSC?
a
Which of the following is not required by lenders and investors?
a
Which of the following items would you most likely be able to keep in Chapter 7 bankruptcy?
a
Which of the following statements give a valid reason why the currency exchange you plan ahead of time might not be wholly accurate? I. Currency exchange rates fluctuate, so the actual rates could be different from the planned rates. II. Many currency exchange services charge a fee or surcharge, which differs from service to service. III. Taxes in different countries may cause the amount of money you actually receive to change.
a
Which of the following, while appearing negative, might actually be considered an advantage of filing bankruptcy?
a
Which statement(s) most directly apply to communism? I. There is little or no private ownership. II. Businesses are operated for the benefit of the people as a whole. III. Individuals who take risks can gain great profits.
a
Which would NOT be included on an income statement for the Best Brand Company?
a
You take a train away from Bangkok at 1:50 a.m. on Wednesday. You ride the train for 16 hours and 40 minutes, at which point you arrive in Vladivostok at 9:30 p.m. on Wednesday, local time. How does Vladivostok's time zone relate to Bangkok's time zone?
a
uppose that the countries of Brazil, Argentina, Ecuador, and Venezuela have interdependent economies. The following table shows the imports and exports between each of these countries. All prices are given in millions of equivalent US dollars. Country of Origin Exporting to Amount ($ 2007-13-04-00-00_files/i0160000.jpg1,000,000) Brazil Argentina 4,691 Brazil Ecuador 4,791 Brazil Venezuela 1,526 Argentina Brazil 1,881 Argentina Ecuador 1,971 Argentina Venezuela 2,153 Ecuador Brazil 3,106 Ecuador Argentina 3,672 Ecuador Venezuela 2,018 Venezuela Brazil 4,535 Venezuela Argentina 1,577 Venezuela Ecuador 1,871 If these four countries trade only within this group, what is the difference between the highest balance of trade and the lowest balance of trade?
a
A person who files bankruptcy ends up paying a 5% higher fixed interest rate on a 25-year home loan than a person who has not filed bankruptcy. The person that does not file bankruptcy pays a 7.5% interest rate. If the loan amount is $160,000, how much more does the person who filed bankruptcy pay in total interest on the home loan than the person who has not filed bankruptcy
a. $168,654.22
Lewis recently filed bankruptcy and now has a poor credit rating. He moved into an apartment and is setting up new accounts for his electric and cable. The deposits and connection fees for customers based on their credit rating are shown below. Electric Deposit Electric Connection Fee Cable Deposit Cable Connection Fee Good Rating $90 $50 $65 $75 Poor Rating $205 $75 $150 $110 How much more in deposits and fees will Lewis pay to have his electric and cable turned on because of his bankruptcy
a. $260
The Smiths were just approved for a 25 year mortgage at an 11% fixed rate. If they had not filed bankruptcy in the past, they could have gotten a rate of 7%. If their loan amount is $128,000, how much more per month will the Smiths be paying for their mortgage as a result of their bankruptcy
a. $349.86
A person who filed bankruptcy in the past is able to get a 30-year mortgage loan at a rate that is 6% higher than what they could have received if they had not filed. The interest rate this person pays on a $150,000 loan is 11%, compounded monthly. Assume the person could have received the lower interest rate on the loan and saved all of the difference in the payments for the first 10 years of the loan. If this person invested this total amount in an account paying simple interest at the rate of 2.5%, how much money would have accumulated in interest by the time the mortgage is paid off
a. $37,395.18
Terry took out a mortgage loan for $60,000 at an interest rate of 11% for 25 years. If Terry had not had a bankruptcy on her credit report, her payments could have been $424.07 per month. How much is Terry paying in additional interest over the life of the loan
a. $49,200.00
The graph above shows one store's projected demand curve for hand-held vacuum cleaners. If the demand at point P3 is fully satisfied, how much money will the store make by selling hand-held vacuum cleaners? a. $900 b. $600 c. $400 d. $270 Please select the best answer from the choices provided
a. $900
Using the above supply/demand graph, what is the price at the point of equilibrium? a. 105 b. 100 c. 95 d. 80 Please select the best answer from the choices provided
a. 105
Which of the following is not a true statement about filing bankruptcy
a. Bankruptcy erases all of your debt
Use the following table to help answer the question below. State Single-Earner 2-Person 3-Person 4-Person Florida $41,226 $52,259 $58,574 $69,009 Georgia $40,691 $55,258 $61,104 $68,502 Missouri $39,645 $51,568 $60,371 $71,059 Texas $38,940 $55,859 $59,222 $66,381 Virginia $48,362 $65,122 $74,151 $85,939 A family of three living in Georgia is thinking about filing bankruptcy. In order to file for Chapter 7 bankruptcy, what must be true about their monthly income
a. The family's monthly income must be less than $5,092
Twila decides to purchase several party trays for her holiday party. She sees that a local store has relish trays for $18.95, cheese and cracker trays for $23.99, and cookie trays for $25.49. The store also has a coupon in its flyer for $5 off any purchase of $50 or more on party trays. Twila orders 1 relish, 1 cheese and cracker, and 2 cookie trays. At this store, discount coupons are applied after tax is calculated, so a sales tax of 8% was added to Twila's purchase, and then coupon amount was deducted. If Twila was charged $96.43, determine if she paid the correct amount
a. Twila paid the correct amount for her purchase
Greg purchased supplies for a party. He had a coupon good for 30% off. He purchased a helium tank rental with an original price of $31.61, a sheet cake with an original price of $18.44, a punch bowl with an original price of $12.78, and paper decorations with an original price of $23.69. Greg's total came to $80.99. To which item did Greg apply his coupon?
a. cake
Which of the following items would you most likely be able to keep in Chapter 7 bankruptcy
a. equity in your home
When it is 11:30 a.m. in Dublin, it is 2:30 p.m. in Moscow. How far ahead of Dublin is Moscow?
a. 3 hours
A company offering tax refund anticipation loans is trying to draw new customers. The company guarantees that the annual percentage rate on its loans is 39%. What fees would the company charge on a $1,200 loan if the term of the loan is 18 days? (Round to the nearest dollar).
b
A couple has one child. They live in Virginia and have a combined annual income of $91,215. The couple has a mortgage, a car loan, student loans, and credit card debt. When one of them loses their job, their monthly income is reduced by $3,200. If they felt the need to file for bankruptcy, which of the following statements is true?
b
A floor lamp originally cost $44.50. Over a period of two months, it underwent the following changes in price. 62% Markup 15% Markdown 18% Markup 20% Markup 45% Markdown What is the final price of the floor lamp? Round all dollar values to the nearest cent.
b
A raincoat costs $79.25 today. If a similar raincoat cost $52.48 in 1983, what is the CPI?
b
A store's supply/demand graph for ceiling fans is shown above. If the price is at the equilibrium point, how much money will the store make selling ceiling fans?
b
At his comic book store, Korey's Comics, Korey sells approximately $3,250 in comic books each month. But as a comic book dealer, Korey only pays $1,285 for these comic books. Korey's monthly operating expenses, including labor, are $875. Calculate Korey's monthly gross profit.
b
Based on the demand graph and the supply graph shown above, what is the price at the point of equilibrium?
b
Based on the supply graph and the demand graph shown above, what is the price at the point of equilibrium?
b
Because of his business's recent success, Sam has decided to expand his Sam's Swimming Pool Cleaning to include another branch. This will add expenses for another office and payroll for five more employees, but Sam's customer base will stay the same, at least for a while. Until Sam's new branch starts bringing in new customers, how will this change affect Sam's net profit margin?
b
Below are the demand and supply equations for overhead projectors in a certain market. In these equations, p represents price, D represents demand, and S represents supply. 2007-13-01-00-00-v1_files/i0160000.jpg 2007-13-01-00-00-v1_files/i0160001.jpg What is S at the point of equilibrium, to the nearest whole number?
b
Below are the supply and demand equations for blenders in a certain market. In these equations, p represents price, D represents demand, and S represents supply. 2007-13-01-00-00_files/i0060000.jpg 2007-13-01-00-00_files/i0060001.jpg What is p at the point of equilibrium, to the nearest tenth?
b
Benson has a bankruptcy on his credit report, so he pays higher interest rates on his current loans. He calculates that the extra money he pays in additional interest each year, if invested at the rate of 2% for one year, could earn him simple interest totaling $180. How much does Benson pay in additional interest each month?
b
Clara, while vacationing in Italy, decided to go swimming. When she asked at what temperature the pool was kept, she was told that it had a constant temperature of 35.8°C. What temperature is the pool in °F, to the nearest tenth?
b
Coach Yip decides to order pizza delivery for the team after a game. The pizza shop is having a promotion where any large pizza costs $12.99. There is a 7.5% sales tax and a $2.50 delivery charge for the order. If Coach Yip orders 4 large pizzas, what amount should she expect the pizza shop to tell her as her total charge?
b
Geoffery went on a trip across South America. He took 1,750 US dollars (USD) with him. In Chile, he traded his money for Chilean pesos (CLP) at a rate of USD:CLP = 1:496.5000. He spent 217,513 pesos before he went to Venezuela. In Venezuela, he traded his Chilean pesos for Venezuelan bolivars (VEF) at a rate of CLP:VEF = 1:0.1283. During his time in Venezuela, he spent 38,422.19 bolivars. At his next stop, Paraguay, he traded his Venezuelan bolivars for Paraguayan guarani (PYG) at a rate of VEF:PYG = 1:1063.9500. He spent 12,857,441.39 guarani before returning to the United States, where he traded his Paraguayan guarani for US dollars at a rate of PYG:USD = 1:0.00002186. How much money did Geoffery have remaining, in US dollars? Round all currency values to two decimal places.
b
Hector has started growing orchids in a greenhouse. He has kept a record how many new blossoms his orchids have grown each week, which may be seen in the graph below. 2007-16-02-00-00_files/i0090000.jpg Between which two weeks did the greatest increase in new blossoms occur?
b
Henry is going on a trip to Brazil. He is currently deciding which cities he will visit during his stay. The table below shows potential cities he could visit, as well as what he estimates it will cost him to visit each one. All costs are given in Brazilian reals (R$). City Cost (R$) Salvador 224 Duque de Caxias 242 Rio de Janeiro 193 Campinas 185 Porto Alegre 153 Guarulhos 120 Fortaleza 201 Henry's original plan was to visit Duque de Caxias, Campinas, Rio de Janeiro, and Guarulhos. However, he only has R$699 to spend, so he cannot afford to use his original itinerary. Which of the following changes will be the cheapest swap Henry can make and still come in under budget?
b
How do the choices consumers make impact business decisions? 2
b
How is the interest rate on a payday loan calculated? 5
b
How many 4-digit personal identification numbers are possible if the number cannot contain a zero?
b
Identify the percent increase in total sales and the percent increase in sales of trench coats. Then find which percent of increase is greater and by how much greater it is than the other. (Round your answer to the nearest tenth.) 10
b
If the changes in sales between May and June continue at the same percent rate, how many Dinztop computers will be sold in July?
b
If the changes in sales between May and June continue at the same rate, how many total computers will be sold in July?
b
In "Socialism vs. Capitalism: Which is the Moral System", author C. Bradley Thompson refers to _____ as the only moral and just social system. 10
b
In 1883, citizens all over America reset their clocks and watches to reflect the current time in one of four new U.S. time zones. These new time zones were the result of _____.
b
In 1983, a can of house paint cost $16.35. In 2000, a can of house paint cost $28.94, and in 2005, a can of house paint cost $32.54. What is the difference in CPI between 2000 and 2005? 9
b
In 1983, a hardcover dictionary cost $145.75. If the CPI is currently 209, what would a hardcover dictionary cost today? Round to the nearest cent.
b
In 1983, a year-long newspaper subscription cost $12.75. Today, a year-long newspaper subscription costs $28.50. If the CPI is 193, what is the relation of the actual price of a year-long newspaper subscription to the expected price, to the nearest cent?
b
In her article "Currency Exchange", what does Susan Breslow Sardone recommend travelers do in order to get the best exchange rate? 2
b
In order to make this data more readable, Will has decided to put it into a graph. Which of the following graphs accurately represents this data?
b
It costs a publishing company $0.55 to print one copy of a certain novel. This company paid $725,000 for the rights to the novel. If they can sell a copy of the novel for $6.75, how many copies of the novel must they sell to break even, to the nearest hundred?
b
Korey is planning to open a comic book store. He has developed the following expense breakdown for set-up and operation for the first year. Korey has $8,500 in savings and $25,000 in inheritance money to use to open his store. Will Korey have enough to run his business for a full year?
b
Korey is planning to open a comic book store. When the store opens, he plans to be the only employee. As the business grows, he will extend his hours of operations and hire additional employees as necessary. In Korey's business plan, this information should be included in the _____ component.
b
Last month, Korey's Comics had a gross profit of $4,370 and a net income of $3,500. Calculate Korey's operating expenses for last month.
b
Last year, Sam's Swimming Pool Cleaning had a gross profit of $105,355 and net income of $72,010. Calculate Sam's operating expenses for last year. 7
b
Lily sells loose tea for $0.71 per gram. If one gram is equivalent to 0.035273 ounces, how much does it cost to buy 0.45 pounds of Lily's tea?
b
Lucas spends $83.42 in additional interest and charges on monthly payments as the result of a prior bankruptcy. If Lucas been able to save this money for the year and then put it into a savings account earning 1.8% simple interest, how much money could he have in savings after 3 more years?
b
Mikah buys a new DVD player. After 9 days, he sees the same player on sale at another store for considerably less than what he paid for his. Since he still has the receipt, he decides to return the DVD player, get his money back, and buy it at the cheaper price. When he tries to make the return, he is disappointed to find out that returns on electronics must be made within three days of purchase. Which of the following responsibilities did Mikah most likely not meet? 1
b
Miranda is calculating her expected expenses for her week long trip to Turkey. Her flight costs 928 TL (Turkish Lira), her lodging costs 755 TL, and she has allowed 814 TL for food and spending money. What is Miranda's total?
b
Of the following approximate conversions of Celsius into Fahrenheit, which is most accurate? 6
b
Of the following approximate conversions of Fahrenheit into Celsius, which is most accurate?
b
Of the following, which option or options would help make this graph less misleading? I. The scale on the x-axis should be resized. II. The scale on the y-axis should be resized. III. The identity of the two parks should be more clearly differentiated.
b
Over the course of a year, a nation records that its exports total an equivalent of $61,475,059, and its imports total an equivalent of $69,696,824. What is this nation's balance of trade?
b
A store's supply/demand graph for ceiling fans is shown above. If the price is at the equilibrium point, how much money will the store make selling ceiling fans? a. $4,500 b. $1,800 c. $1,200 d. $900 Please select the best answer from the choices provided
b. $1,800
Sam has been running his swimming pool cleaning business now for five years. He is considering enlarging his service area to a 100 mile radius, which would require two new offices in different parts of town. He would like to take out a business loan to cover the cost of expansion. The profits for Sam's business over the last 5 years are outlined in the table below. According to this information, what would be the best estimate for Sam to quote as expected profits in the next year in his new business plan?
b
Sam is planning to open a pool cleaning business from his home. Sam's business will come with a set-up cost of $9,000 and an annual operational cost of $30,500. Sam anticipates an annual profit of $45,000 for the first year and expects profits to increase by 5.5% annually for the next 5 years. This is all information Sam should include in the _____ component of his business plan.
b
Sam is planning to start a pool cleaning business. He expect to make a profit of $45,000 in his first year of business, after which he expects profits to increase by 5.5% annually for the next 5 years. Sam's business will cost $49,500 to set up and run for the first year. Sam then expects an annual operational expense total of $30,500. According to Sam's model, how long will it take Sam to see an overall profit in his business (where total profits exceed total expenses)?
b
Sam is planning to start a pool cleaning business. If Sam meets his profit goal of $45,000 the first year and expects his annual profits to increase by 5.5% each year for the next 3 years, how much profit does Sam expect to make in his third year of business?
b
Sarah is planning an extended stay in Greece. The table below shows a list of cities she would like to visit during her trip, as well as the amount of money she expects to need to visit each one. All costs are given in euros (€). City Cost (€) Thessaloniki 206 Athens 243 Volos 208 Kavala 186 Chania 234 Serres 260 Larissa 299 Heraklion 231 Although Sarah would like to visit all of these cities, because she only has a budget of €1,410, she recognizes that she will have to drop some of these cities from her plan. Which of the following pairs of cities will not put Sarah back under budget if she drops them?
b
Shaquil needs to borrow $400. The loan company charges him $80 in fees for the loan. Shaquil calculates that the annual percentage rate (APR) on his loan is 250%. Approximately what is the term of Shaquil's loan?
b
Suppose that Algeria has a workforce of 9,416,534, each of whom earns an average annual salary of (equivalent US dollars) $6,844. If the Algerian government wishes to raise $9 billion in tax revenue, approximately where should it set the income tax rate?
b
Suppose that Lebanon has placed tariffs on its imports and exports. The import tariff is 13%, and the export tariff is 8%. If Lebanon has a balance of trade of (equivalent US dollars) $5,510,000 and received tariff revenue of $4,019,200, what are its imports and exports worth? 6
b
Teddy is staying in Canada. He wants to set the thermostat to around 79°F, but the thermostat is marked only in °C. Where should he set the thermostat, to the nearest tenth?
b
The exchange rate between non-fixed currencies continually fluctuates. The chart below shows the exchange rate of the US dollar to the Japanese yen over the course of six days. Day $:¥ Monday 1:88.6122 Tuesday 1:90.8305 Wednesday 1:87.5507 Thursday 1:91.2323 Friday 1:92.7120 Saturday 1:89.4477 Mary has $311.75 to convert into yen. The currency exchange she is using charges a surcharge of 6% when converting currency. About how many more yen will Mary receive if she makes her trade on the day with the most favorable exchange rate than if she makes her trade on the day with the least favorable exchange rate?
b
The exchange rate between non-fixed currencies continuously fluctuates. The table below shows the exchange rate of the US dollar to the euro over the course of six days. Day $:€ Monday 1:0.7102 Tuesday 1:0.7053 Wednesday 1:0.6869 Thursday 1:0.6910 Friday 1:0.7273 Saturday 1:0.7544 If Rodney traded €228.75 for $314.52, when did he make his exchange?
b
The figure above shows a store's supply-demand graph for coffee makers. If the store sells $375 worth of coffee makers, which of the following is a valid possible price for them?
b
The following graph details the number of performances of plays a Shakespearean acting company has performed over the past five years. 2007-16-02-00-00_files/i0040000.jpg If the company has performed 147 times in the past five years, how many times have they performed Othello? Round to the nearest whole performance, if necessary.
b
The following graph displays the cost and revenue functions for Jake's homemade wicker baskets. How many baskets must Jake sell to break even?
b
The following graph shows Caroline's sales records since she started her position 22 months ago. 2007-16-02-00-00_files/i0220000.jpg Caroline's two managers, Shawna and Morris, are having a meeting to discuss her performance. To prepare, Morris looks at Caroline's sales over the past four months, and Shawna looks at Caroline's total records. How is Shawna's opinion likely to differ from Morris's?
b
The graph above shows one store's projected demand curve for garden gnomes. If the demand at point P1 is fully satisfied, how much money will the store make through garden gnome sales?
b
The prices of consumer goods do not always exactly follow the CPI. The following chart shows several consumer items, along with their respective prices in 1983 and today. Item Price in 1983 ($) Current Price ($) Pair of boots 67.45 126.85 Hair dryer 15.25 29.95 Box of tissues 1.15 2.25 Toaster 22.85 44.25 Using the prices shown on this chart, which of the following is a reasonable estimate of the current CPI?
b
The simplest circular model of the United States economy depicts the economy as a cycle in which resources flow between which two entities?
b
The table below shows possible cost and revenue equations for a manufacturer of cameras. Cost 2007-15-03-00-00_files/i0230000.jpg I Cost 2007-15-03-00-00_files/i0230001.jpg II Revenue 2007-15-03-00-00_files/i0230002.jpg III Revenue 2007-15-03-00-00_files/i0230003.jpg IV Which of the following pairs of equations will never break even?
b
The two graphs shown below detail the results of two independent response polls studying favorite movie genres. Which genre had the same number of votes in each study?
b
Tony is the staff manager of a movie theater, and he is trying to decide which shifts should have the greatest number of employees on staff. Over the course of a week, Tony recorded how many customers appeared during each shift, the results of which can be seen in the graph below. 2007-16-02-00-00_files/i0150000.jpg Tony wants the distribution of his employees to match the distribution of the customers. If Tony has 230 total employees, how many should he assign to the 1:00 p.m. shift?
b
Using the prices shown on this chart, which of the following is a reasonable estimate of the current CPI?
b
What gives commodity money its value?
b
What is one problem that might commonly occur when one is bartering?
b
What might cause a change in the value of fiat money?
b
When creating passwords for secure accounts, which of the following rules should you apply? 10
b
When it is 1:00 a.m. in Toronto, it is 3:00 a.m. in Rio de Janiero, and when it is 10:00 a.m. in Rio de Janiero, it is 11:00 p.m. in Melbourne. You leave Toronto to fly to Rio de Janiero, but you accidentally left your watch on Melbourne time. Your watch says that you leave Toronto at 9:30 a.m. on Saturday. When you arrive in Rio de Janiero, the local time is 3:15 a.m. on Saturday. How long was your flight?
b
When it is 4:00 a.m. in Halifax, it is 1:00 p.m. in Karachi, and when it is 9:00 a.m. in Karachi, it is 5:00 a.m. in Warsaw. Mary left Halifax to fly to Karachi, but she accidentally left her watch on Warsaw time. According to Mary's watch, she left Halifax at 9:40 p.m. on Monday. The local time when she arrived at Karachi was 3:00 p.m. Tuesday. How long was Mary's flight?
b
Which of the following expressions shows the number of 8 character passwords that can be formed using letters and digits if the password must begin with a letter?
b
Which of the following is a cause of inflation?
b
Which of the following is not a component included in a standard business plan?
b
Which of the following is not a reason for America to keep its current system of measurement?
b
Which of the following is not a recommendation the author of the Businesstown.com article makes to lower your break-even point?
b
Which of the following phrases best summarizes Chapter 7 bankruptcy?
b
Which of the following statements best describes how the U.S. recession is affecting other countries?
b
Which of the following statements best describes the difference between net income and gross profit?
b
Which of the three following graphs display the same data?
b
Which of these describes the fundamental conflict of economics?
b
Which option below is a preventive measure against ID fraud or theft?
b
While staying in Jerusalem, Israel, you decide to visit three other cities: Tel Aviv, Holon, and Ra'anana. The following table shows the costs associated with traveling to and from each city, with all costs listed in Israeli new shekalim (NIS). Origin and Destination Cost (NIS) Jerusalem to Tel Aviv 269 Jerusalem to Holon 201 Jerusalem to Ra'anana 281 Tel Aviv to Jerusalem 235 Tel Aviv to Holon 263 Tel Aviv to Ra'anana 203 Holon to Jerusalem 150 Holon to Tel Aviv 198 Holon to Ra'anana 290 Ra'anana to Jerusalem 176 Ra'anana to Tel Aviv 234 Ra'anana to Holon 218 You can choose to visit these cities in any order, but you will start and end your trip in Jerusalem. If you have a budget of NIS 900, which of the following routes are possible? I. Jerusalem 2007-14-01-00-00_files/i0250000.jpg Tel Aviv 2007-14-01-00-00_files/i0250001.jpg Ra'anana 2007-14-01-00-00_files/i0250002.jpg Holon 2007-14-01-00-00_files/i0250003.jpg Jerusalem II. Jerusalem 2007-14-01-00-00_files/i0250004.jpg Holon 2007-14-01-00-00_files/i0250005.jpg Tel Aviv 2007-14-01-00-00_files/i0250006.jpg Ra'anana 2007-14-01-00-00_files/i0250007.jpg Jerusalem III. Jerusalem 2007-14-01-00-00_files/i0250008.jpg Ra'anana 2007-14-01-00-00_files/i0250009.jpg Tel Aviv 2007-14-01-00-00_files/i0250010.jpg Holon 2007-14-01-00-00_files/i0250011.jpg Jerusalem
b
sales and the percent increase in sales of jackets. Then find which percent of increase is greater and by how much greater it is than the other. (Round your answer to the nearest tenth.)
b
The following graph displays the number of bushels of apples produced by a small orchard over the course of several months. 2007-16-02-00-00_files/i0020000.jpg How many bushels of apples were produced in September?
b n
Lucas spends $83.42 in additional interest and charges on monthly payments as the result of a prior bankruptcy. If Lucas been able to save this money for the year and then put it into a savings account earning 1.8% simple interest, how much money could he have in savings after 3 more years
b. $1,055.10
A full-length mirror cost $144.99 when the CPI was 163. What will a full-length mirror cost when the CPI is 211, to the nearest cent?
c
Dave works as a waiter. He is calculating his average tips from the past two weeks. His total tips from each night can be found in the table below, with all values being in dollars.
b. $144.68
A company offering tax refund anticipation loans is trying to draw new customers. The company guarantees that the annual percentage rate on its loans is 39%. What fees would the company charge on a $1,200 loan if the term of the loan is 18 days? (Round to the nearest dollar
b. $23
The figure above shows a store's supply-demand graph for coffee makers. If the store sells $375 worth of coffee makers, which of the following is a valid possible price for them? a. $15 b. $25 c. $40 d. $55 Please select the best answer from the choices provided
b. $25
Since they filed bankruptcy in the past, a couple ends up paying a 12% fixed rate for a 30 year mortgage. With a better credit rating, they could have gotten the loan at a rate of 8%. If their loan amount is $140,000, how much more per month will the couple be paying for their mortgage as a result of their bankruptcy
b. $412.79
An optical mouse originally cost $31.85. Before it was removed from the store, it underwent the following changes in price. What is the final price of the optical mouse? Round all dollar values to the nearest cent.
b. $43.21
The graph above shows one store's projected demand curve for garden gnomes. If the demand at point P1 is fully satisfied, how much money will the store make through garden gnome sales? a. $600 b. $550 c. $150 d. $55 Please select the best answer from the choices provided
b. $550
Benson has a bankruptcy on his credit report, so he pays higher interest rates on his current loans. He calculates that the extra money he pays in additional interest each year, if invested at the rate of 2% for one year, could earn him simple interest totaling $180. How much does Benson pay in additional interest each month
b. $750
Byron filed for bankruptcy a few years ago, but is still paying higher deposits and interest rates. Byron has calculated that he paid an average of $79.15 per month in additional charges as a result of his bankruptcy. If Byron been able to save this money for the year and then put it into a savings account earning 2% simple interest, how much money could he have in savings after another year
b. $968.80
Below are the demand and supply equations for overhead projectors in a certain market. In these equations, p represents price, D represents demand, and S represents supply. What is S at the point of equilibrium, to the nearest whole number? a. 12 b. 15 c. 58 d. 67
b. 15
A notebook costs $2.65 when the CPI is 182. In 1983, how many notebooks could you buy with $18?
c
Shaquil needs to borrow $400. The loan company charges him $80 in fees for the loan. Shaquil calculates that the annual percentage rate (APR) on his loan is 250%. Approximately what is the term of Shaquil's loan
b. 29 days
Based on the supply graph and the demand graph shown above, what is the price at the point of equilibrium? a. 20 b. 30 c. 40 d. There is not enough information given to determine the point of equilibrium. Please select the best answer from the choices provided
b. 30
Below are the supply and demand equations for blenders in a certain market. In these equations, p represents price, D represents demand, and S represents supply. What is p at the point of equilibrium, to the nearest tenth? a. 56.0 b. 43.3 c. 37.4 d. 36.7
b. 43.3
Lisa is currently taking physics as one of her electives in school. Her grade at the end of the year is determined by the average of four exams, each worth 100 points. On her first test she got an 84, on her second she got a 92, and on her third an 80. What must she score on her fourth exam to get a B (80%) in the course?
b. 64
Based on the demand graph and the supply graph shown above, what is the price at the point of equilibrium? a. 100 b. 70 c. 40 d. There is not enough information given to determine the point of equilibrium. Please select the best answer from the choices provided
b. 70
A sporting goods store is having a large sale event. Baseball bats are marked down by 42%, and hockey sticks are marked down by 29%. If baseball bats cost $21.46 after the markdown and hockey sticks cost $39.05 after the markdown, which item's price was reduced by more, and by how many more dollars was it reduced? Round all dollar values to the nearest cent.
b. Hockey sticks had their prices reduced by $0.41 more than baseball bats.
Jacob is visiting Argentina, and he hears a warning that the temperature may drop as low as -12.4°C. How cold is that in °F, to the nearest tenth?
c
Jake is planning a trip to China. He has made a list of cities he would like to visit, as well as the approximate amount of money he plans to spend in each as a result of travel, lodging, shopping, and so on. All costs are listed in renminbi (¥). City Cost (¥) Tianjin 557 Nanjing 681 Zhengzhou 595 Beijing 728 Wuhan 449 Chengdu 534 Unfortunately, Jake only has ¥2,920 available. What is the cheapest city that Jake can remove from his travel plans and still stay under budget?
c
Use the following table to help answer the question below. State Single-Earner 2-Person 3-Person 4-Person Florida $41,226 $52,259 $58,574 $69,009 Georgia $40,691 $55,258 $61,104 $68,502 Missouri $39,645 $51,568 $60,371 $71,059 Texas $38,940 $55,859 $59,222 $66,381 Virginia $48,362 $65,122 $74,151 $85,939 A couple has one child. They live in Virginia and have a combined annual income of $91,215. The couple has a mortgage, a car loan, student loans, and credit card debt. When one of them loses their job, their monthly income is reduced by $3,200. If they felt the need to file for bankruptcy, which of the following statements is true
b. They could file for Chapter 7 bankruptcy and discharge most of their debt
Put the following items in order from most expensive to least expensive.
b. blender, ink, hat, heater
Ashley runs a hardware store. She has decided to apply a markdown of 15% to one item in order to draw customers into the store, and she will apply a markup of 10% to three different items, which she hopes the customers will purchase after purchasing the marked-down item. She has chosen four candidates for this process: a power drill with an initial price of $51.49, a ceiling fan with an initial price of $64.79, a miniature circular saw with an initial price of $45.99, and a screwdriver set with an initial price of $37.39. After applying the changes, the total cost of purchasing one of each item is $3.77 more than it was before applying the changes. Which item was marked down?
b. ceiling fan
Mikah buys a new DVD player. After 9 days, he sees the same player on sale at another store for considerably less than what he paid for his. Since he still has the receipt, he decides to return the DVD player, get his money back, and buy it at the cheaper price. When he tries to make the return, he is disappointed to find out that returns on electronics must be made within three days of purchase. Which of the following responsibilities did Mikah most likely not meet
b. know the return policy
Which measure of central tendency would be best to describe the distribution of hair colors at the mall?
b. mode
Which of these describes the fundamental conflict of economics
b. the management of limited resources to satisfy unlimited wants
How is the interest rate on a payday loan calculated
b. total fees divided by loan amount
A bicycle helmet cost $41.40 in 1983. What will a bicycle helmet cost when the CPI is 186? Round to the nearest cent.
c
A bookcase costs $93.11 when the CPI is 191. What is the CPI when a bookcase costs $76.05?
c
A consumer charges a $2,530.16 purchase on their credit card. The card has a daily interest rate of 0.042%. If the consumer pays off the balance at the end of 30 days, how much more in interest will they pay for the purchase?
c
When it is 4:00 a.m. in Halifax, it is 1:00 p.m. in Karachi, and when it is 9:00 a.m. in Karachi, it is 5:00 a.m. in Warsaw. Mary left Halifax to fly to Karachi, but she accidentally left her watch on Warsaw time. According to Mary's watch, she left Halifax at 9:40 p.m. on Monday. The local time when she arrived at Karachi was 3:00 p.m. Tuesday. How long was Mary's flight? a. 9 hours, 20 minutes b. 13 hours, 20 minutes c. 14 hours, 20 minutes d. 17 hours, 20 minutes
b. 13 hours, 20 minutes
While abroad in Cairo, Egypt, you want to visit three other cities: Damanhur, Alexandria, and Suez. The following table details the costs of traveling to and from each city. All costs are given in Egyptian pounds (EGP). What is the cost of the most efficient route? You may visit the cities in any order, but you must begin and end in Cairo.
b. EGP 604
Walter is planning a trip to Morocco. He is trying to decide which cities he would like to visit while he is there. The table below shows some possible cities Walter could visit, along with the amount of money he expects to spend on food, lodging, travel, and similar expenses for each city. All prices are given in Moroccan dirham (MAD). Walter's original itinerary included trips to Marrakech, Fes, Kenitra, and Oujda, but because he only has a budget of MAD 2,500, he must alter his plans to be more affordable. Which of the following itinerary changes will allow Walter to stay within his budget? (Consider each option individually, rather than as a group.) I. Replace Kenitra with Tangier and Oujda with Casablanca. II. Drop Fes. III. Replace Marrakech with Casablanca.
b. II and III
The exchange rate between non-fixed currencies continuously fluctuates. The following table shows the exchange rate of pounds sterling to the Israeli new shekel (plural shekalim) over a period of six days. Nate has £88.65 to convert into shekalim. The currency exchange he is using charges an 8% surcharge when converting currency. About how many more shekalim will Nate receive if he makes his trade on the day with the most favorable exchange rate than if he makes his trade on the day with the least favorable exchange rate?
b. INS 38.35
Brendan is planning a trip to Germany. He is trying to decide which cities to visit during his stay. The following table shows potential cities he could visit, as well as what he expects to pay for lodging, transportation, and similar expenses in each one. All costs are given in euros (€).
b. Replace Stuttgart with Kiel.
A person who filed bankruptcy in the past is able to get a 25-year mortgage loan at a rate that is 6% higher than what they could have received if they had not filed. The interest rate this person pays on a $130,000 loan is 13%, compounded monthly. Assume this person could have received the lower interest rate on the loan and saved all of the difference on the payments for the first five years of the loan. If this person then invested this total amount in an account paying simple interest at the rate of 2%, how much money would have accumulated in interest by the time the mortgage is paid off?
c
A retailer marks up the price of a coffee mug from $6.25 to $8.77. By what percent did the price increase? Round to two decimal places.
c
An identity thief watches someone enter a 4-digit PIN and manages to see the first two digits. If the thief tries guessing the PIN, how many possibilities would there be?
c
Arrange the following units in order from smallest to greatest: centimeter, kilometer, meter, millimeter
c
At Sam's Swimming Pool Cleaning, Sam charges each of his 85 customers $25 per week for 52 weeks of service every year. Since pool cleaning is a service, it has no cost other than labor and supplies, which cost Sam $48,000 each year. Calculate Sam's annual net income.
c
Barbara got a flat tire and does not have a spare. She needs her car for work, so she goes to a business that offers payday loans in order to get the money to buy a new tire. She borrows $75 and plans to pay it back when she gets paid in 8 days. Barbara is charged a fee of $15 and the term on her loan is 8 days. Approximately what is the annual percentage rate on her loan?
c
Below are the supply and demand equations for umbrellas in a certain market. In these equations, p represents price, D represents demand, and S represents supply. 2007-13-01-00-00_files/i0050000.jpg 2007-13-01-00-00_files/i0050001.jpg What is p at the point of equilibrium, to the nearest tenth?
c
Bill owns a company (Bill's Gates) that manufactures fence panels. Bill's Gates had a net profit margin last quarter of 18%. Which of the following actions will not help Bill increase his net profit margin this year, assuming he sells the same number of fence panels?
c
Business at Korey's Comics has been good, and Korey expects the same business next month. However, due to an increase in business, Korey has made the decision to bring on an extra hand to help run the store in the afternoons. The new employee will make $435 per month. How does this change affect Korey's monthly net income?
c
Craig runs a clothing store. He has decided to apply a markdown of 30% to one item in order to draw customers into the store, and he will apply a markup of 25% to three different items, which he hopes the customers will purchase after purchasing the marked-down item. He has chosen four candidates for this process: a leather jacket with an initial cost of $112.75, a blazer with an initial cost of $76.85, a pair of boots with an initial cost of $134.50, and a wristwatch with an initial price of $89.65. After applying the changes, the total cost of purchasing one of each item is $29.46 more than it was before applying the changes. Which item was marked down?
c
Dave is comparing the circumferences of several trees in his yard. The oak tree is 0.539 meters in circumference, the ash tree has a circumference of 0.509 yards, the elm tree is 6281.70 millimeters around, and the poplar has a circumference of 0.000385 miles. There are 30.48 centimeters in a foot. Which tree has the greatest circumference?
c
Dave is comparing the circumferences of several trees in his yard. The oak tree is 0.539 meters in circumference, the ash tree has a circumference of 0.509 yards, the elm tree is 6281.70 millimeters around, and the poplar has a circumference of 0.000385 miles. There are 30.48 centimeters in a foot. Which tree has the greatest circumference? 8Arrange the following units in order from smallest to greatest: centimeter, kilometer, meter, millimeter
c
Dernea Gardening sells wheelbarrows. A wheelbarrow costs $6.94 to produce and it sells for $42.50. The company employs two salespeople, each of whom earns a different commission per wheelbarrow sold, as shown in the table below. The company's expenses last month, not counting production costs or commissions, totaled $524.24. How much profit did Dernea Gardening make from the sales of wheelbarrows last month?
c
Exchange rates can indicate economic health by
c
Gross profit will always be _____ net income.
c
How do tariffs on imports affect a country's balance of trade?
c
How many types of money are included in the M2 category?
c
Ian is preparing for his trip to South Korea. He has a total budget of 2,192,896 won for his entire trip. If he calculates that he will need 85,210 won for an extended travel pass, 725,726 won for his plane tickets, 203,396 won for food, and 322,800 won for his hostel room, how much does he have left for spending money and miscellaneous expenses?
c
If a flight between two of these cities leaves at 1:30 p.m. on Friday (local time), flies for 16 hours and 30 minutes, and arrives at 2:00 a.m. Saturday (local time), which of the following pairs of cities could the flight go between?
c
If the changes in sales between May and June continue at the same percent rate, how many Poreg computers will be sold in July?
c
If there are five salespeople, how much money will each one receive, to the nearest dollar? 10
c
In 1983, a winter hat cost $12.95. Today, a winter hat costs $24.50. If the CPI is 219, what is the percent relation of the actual price of a winter hat to the expected price?
c
In the decision-making process, why is it important to gather relevant information before making a decision?
c
Isabella wants the distribution of money spent on advertising to match the distribution of profit gained from each product. If Isabella has a budget of $22.5 million, how much should she allocate for ads for peripherals, to the nearest hundred thousand dollars? 9
c
Korey is planning to open a comic book store. His store will cost $12,500 to open and will come with a $8,000 total annual operational cost. If his store makes $12,000 in profit during the first year, and profits increase by 6% each year from then, how long will it take for Korey to see an overall profit in his business (where total profits exceed total expenses)?
c
Kurt is staying in Portugal and is trying to make a roast. His cookbook tells him to preheat his oven to 475°F, but the oven is only marked in °C. Where should Kurt set the oven, to the nearest tenth?
c
Last month, Korey's Comics had $4,350 in net sales with a gross profit of $3,320 and a net income of $1,850. Calculate Korey's gross profit margin.
c
Lisa needs to arrive in Ankara from Istanbul in the next 5 hours. She wants to save as much money as possible, while minimizing her travel time to allow for more sightseeing. She looks at the local transportation options and determines the possibilities for that particular day in the table. Which mode of transportation should Lisa choose if she wants to minimize her cost and maximize her sightseeing time?
c
Lola Jean Ramos just turned 21 on June 19th and she loves to go dancing. From the given scenarios, which one describes the best way for Lola to create a 6 character password?
c
Mike understands the formula for temperature conversion, but is having difficulty imagining what various temperatures feel like. Which of these would be a good example to tell Mike what 37°C feels like?
c
Minneapolis, MN has a CPI of 173. Anchorage, AK has a CPI of 226. How does the purchasing power of someone in Minneapolis earning a salary of $42,500 compare to the purchasing power of someone in Anchorage earning a salary of $67,000?
c
Myrtle needs to borrow $200 and is hoping to get a payday loan with an annual percentage rate (APR) of less than 50%. If a company charges her $30 in fees for the loan, what is the minimum loan term needed that would give Myrtle her desired APR? 3
c
On the Celsius scale, what does 0 represent?
c
On the Fahrenheit scale, at what temperature does water boil?
c
Orlon Jewelry, a retail store, restructures its employees' schedules every six months. The employees are asked for their shift preferences, and the schedules are rearranged according to these preferences. When there is a conflict, those with the best total sales over the past six months are given priority. The following graph and table show the most recent sales records and employee preferences, respectively. 2007-16-02-00-00_files/i0120000.jpg Employee 1st Pick 2nd Pick 3rd Pick 4th Pick Brian 2 p.m. 8 a.m. 11 a.m. 5 p.m. Laura 5 p.m. 8 a.m. 2 p.m. 11 a.m. Miguel 5 p.m. 11 a.m. 8 a.m. 2 p.m. Wanda 2 p.m. 5 p.m. 11 a.m. 8 a.m. Based on this information, when will each employee's shift begin? 2
c
Pam is preparing for a trip to the Philippines. She has set aside money for everything that she needs to have, but there are several other items which, while not strictly necessary, she would like to take with her. The following table shows the money that Pam has already spent or allocated, with prices listed in Philippine pesos (P). Expense Cost (P) Transportation 10,804 Hostel 9,773 Food budget 11,229 Sightseeing budget 24,615 Pam's total budget is P 77,500.Which of the following additional items can Pam afford? I. brand-new walking shoes, P 6,865 II. ticket upgrade to first class, P 15,149 III. electronic Tagalog/English dictionary, P 13,255
c
Patrick laid a pencil and a candle end-to-end. The pencil is 15.80 centimeters long, the candle is 0.303 yards long. There are 30.48 centimeters in a foot. How many inches long are the two items placed end-to-end?
c
Ricky spends $103.19 in additional interest and charges on monthly payments as the result of a prior bankruptcy. If Ricky had been able to save this money for one year and then put it into a savings account earning 3.1% simple interest, how much money could he have in savings after two more years?
c
Sam is planning to start a pool cleaning business from his home, but has realized that he does not have enough money in savings or credit to pay for the set-up costs and first year of operation. Which of the following would not be a good way for Sam to get the money to start his business?
c
Sam's Swimming Pool Cleaning has an annual gross profit of $88,400. Sam charges $25 per week for each of his customers for 52 weeks. His annual operating expenses, including labor and supplies, are $48,000. How many customers does Sam's Swimming Pool Cleaning have?
c
Say that Malaysia has a workforce of 11,071,016, with an average yearly salary of (equivalent US dollars) $15,196. How much more revenue will the Malaysian government gather if it sets the income tax at 17% than if it sets the income tax at 8%, to the nearest million dollars?
c
Say that Romania puts a tariff of 6% on its exports and 21% on its imports. If Romania has a trade deficit of (equivalent US dollars) $26.76 billion and gained tariff revenue of $18.9603 billion, how much are Romania's imports worth? 4
c
Say that Spain has a working population of 20,081,537 people, and that the average yearly salary is €36,238. How much tax revenue would the Spanish government generate every year with a 41.15% income tax rate, to the nearest euro?
c
Say that Thailand has a workforce of 35,709,487 people, each of whom earns an average salary of (equivalent USD) $8,630 annually. If the Thai government wants to raise $70 billion in tax revenue, approximately where should it set the income tax rate?
c
Say that the economy is in a recession, causing vehicle prices to drop by eight percent. If your car was previously worth $25,295, what is it worth now, to the nearest dollar?
c
Sodresh Sundials manufactures large stone sundials. It costs $14.22 to produce a sundial, which can then be sold for $36.75. The following table shows Sodresh Sundials's non-production overhead costs and sundials sold over a period of one year. Month Overhead ($) Sold Jan. 9,176 290 Feb. 7,510 329 Mar. 7,952 309 Apr. 7,071 288 May 8,942 303 Jun. 9,249 329 Jul. 7,813 400 Aug. 6,821 350 Sep. 9,382 382 Oct. 8,117 329 Nov. 9,018 425 Dec. 6,503 424 In how many months did Sodresh Sundials either break even or turn a profit?
c
Susan makes a purchase of $175 and is charged 7.75% for sales tax. What is the total cost of the purchase if Susan charges it on a credit card with a daily interest rate of 0.039% and pays the balance off at the end of 30 days? 8
c
The following graph shows the size of minnows that were caught over the course of a day. 2007-16-02-00-00_files/i0030000.jpg During which interval were the most minnows caught? 5
c
The supply/demand graph for bicycle helmets in a certain market is shown above.Find the price when supply and demand are in equilibrium.
c
The table shown below details the observed amount of electricity consumed by the average American over the course of one year, as measured in kilowatt-hours. Month Usage (kWh) Jan-Feb 2,239 Mar-Apr 2,197 May-Jun 2,113 Jul-Aug 2,156 Sep-Oct 2,269 Nov-Dec 2,270 Kevin is trying to display this information in the form of a graph. He would like the graph to look like the one below.
c
Thomas is planning a trip to India. He is currently deciding which cities he would like to visit during his stay. The table below shows possible cities for Thomas to visit, as well as how much money he expects to need at each one. All costs are given in Indian rupees (Rs.). City Cost (Rs.) Jaipur 6,920 Mumbai 9,464 Thiruvananthapuram 9,160 Lucknow 5,276 Bhopal 8,268 Bhubaneswar 7,109 New Delhi 6,303 Bengaluru 6,735 Thomas had originally planned to visit Thiruvananthapuram, Mumbai, Bhubaneswar, and Bengaluru, but his budget of Rs. 25,300 makes that impossible. Which of the following itinerary changes will allow Thomas to stay within his budget? (Consider each option individually, rather than as a group.) I. Swap Thiruvananthapuram for Jaipur and drop Bengaluru. II. Drop Bhubaneswar. III. Swap Mumbai for New Delhi, Thiruvananthapuram for Jaipur, and Bhubaneswar for Lucknow.
c
To barter means to
c
Using the above supply/demand graph, what is the price at the point of equilibrium?
c
Victoria looking at the readout of a digital thermometer, which her brother has hidden. She does not know where the sensor is, but the display reads 25°C. Which of these is the most logical place for Victoria to begin looking for the sensor?
c
What consumer protection agency is known by the acronym FTC?
c
What is a consequence of following the Comparative Advantage Principle?
c
What kind of money is a gold certificate considered to be?
c
When it is 2:00 p.m. in New York City, it is 9:00 PM in Athens. If you leave New York at 7:30 a.m. on Wednesday and fly to Athens over the course of 13 hours and 45 minutes, what time will it be in Athens when you land? 7
c
When it is 4:00 a.m. in London, it is 11:00 a.m. in Hanoi. If you leave Hanoi at 7:45 a.m. on Friday and fly to London over the course of 9 hours and 45 minutes, what time will it be in London when you land?
c
When it is 5:00 a.m. in Anchorage, it is 11:00 p.m. in Tokyo. How far ahead of Anchorage is Tokyo?
c
When it is 8:00 a.m. in Damascus, it is 4:00 p.m. in Vladivostok. If your plane departs from Vladivostok at 10:45 a.m. local time and lands in Damascus at 12:30 p.m. local time, how long was the flight?
c
Which agency is responsible for promoting the welfare and opportunities of wage earners?
c
Which economic system is friendliest to entrepreneurs?
c
Which of the following expenses is not a variable cost?
c
Which of the following factors are considered when calculating GDP? I. goods produced within a country by citizens of that country II. goods produced within a country by residents who are not citizens III. goods produced within a country for use in production of other goods IV. goods produced by a country's citizens outside of its borders
c
Which of the following functions is most closely connected with the FDA?
c
Which of the following is not a basic consumer right? 5
c
Which of the following terms best applies to a reversal of economic output which occurs just before a period of new economic growth?
c
Which of these is a consumer right recognized by the United Nations?
c
Which of these is not generally an option for lodging while traveling abroad?
c
Which of these scenarios involves commodity money?
c
Which part of the decision-making process is directly related to brainstorming?
c
Which two consumer rights would customers depend on when returning a damaged item for a refund?
c
While staying in Buenos Aires, Argentina, you decide to take a trip to three other cities: Tucuman, Bahia Blanca, and Salta. The following table shows the costs associated with traveling to or from each of these four cities. All costs listed are given in Argentine pesos ($).
c
While staying in Rome, Italy, you decide to take a trip to three other cities: Milan, Genoa, and Padua. The following table details the costs of traveling to and from each city. All costs given are in euros (€). Origin and Destination Cost (€) Rome to Milan 71 Rome to Genoa 52 Rome to Padua 61 Milan to Rome 74 Milan to Genoa 59 Milan to Padua 68 Genoa to Rome 76 Genoa to Milan 56 Genoa to Padua 58 Padua to Rome 68 Padua to Milan 67 Padua to Genoa 54 Determine the cost of the most efficient route. You may visit the cities in any order, but you must start and end in Rome.
c
Why must old currency be taken out of circulation when new currency is made?
c
A desk chair underwent the following changes in price before being removed from the store. If the final price of the desk chair was $167.79, what was the original price, to the nearest dollar? Round all dollar values to the nearest cent.
c. $144
You are the manager of a clothing store. You must decide how many of your employees to put on the sales floor, and how many to put on the register. Because employees on the sales floor cause customers to buy more products, if you do not have at least 2 employees on the register for every 5 employees working on the sales floor, your registers will get very clogged and you will lose business. You have a total of 84 employees, and you wish to have as many on the sales floor as possible. How should you divide your employees?
c
You know that the current exchange rate for US dollars (USD) to Indian rupees (INR) is 1:45.85, that the exchange rate for Indian rupees to Bangladeshi taka (BDT) is 1:1.507, and that the exchange rate for Bangladeshi taka to Myanma kyat (MMK) at a rate of 1:0.0928. Which of the following equations is set up properly to calculate the exchange rate from US dollars to Myanma kyat? 6
c
Zoe is taking the measurements of her lawn. Her lawn is 64.15 feet long and 22.70 meters wide. One foot is equivalent to 0.3048 meters. Which dimension of Zoe's lawn is longer, and how many yards longer is it?
c
that Romania puts a tariff of 6% on its exports and 21% on its imports. If Romania has a trade deficit of (equivalent US dollars) $26.76 billion and gained tariff revenue of $18.9603 billion, how much are Romania's imports worth?
c
Tyrell has a bankruptcy on his credit report and therefore pays higher interest rates on his current loans. He calculates that the extra money he pays in additional interest each year, if invested at the rate of 2.5% for one year, could earn him simple interest totaling $300. How much does Tyrell pay in additional interest each month
c. $1,000
Ricky spends $103.19 in additional interest and charges on monthly payments as the result of a prior bankruptcy. If Ricky had been able to save this money for one year and then put it into a savings account earning 3.1% simple interest, how much money could he have in savings after two more years
c. $1,315.06
A person who filed bankruptcy in the past is able to get a 25-year mortgage loan at a rate that is 6% higher than what they could have received if they had not filed. The interest rate this person pays on a $130,000 loan is 13%, compounded monthly. Assume this person could have received the lower interest rate on the loan and saved all of the difference on the payments for the first five years of the loan. If this person then invested this total amount in an account paying simple interest at the rate of 2%, how much money would have accumulated in interest by the time the mortgage is paid off
c. $13,196.95
Say that the economy is in a recession, causing vehicle prices to drop by eight percent. If your car was previously worth $25,295, what is it worth now, to the nearest dollar
c. $23,271
Say that the economy is in a recession, which is causing the value of gold to fall by three percent. If you have gold reserves which were previously worth $8,590, how much value have you lost as a result of this recession, to the nearest cent
c. $257.70
A consumer charges a $2,530.16 purchase on their credit card. The card has a daily interest rate of 0.042%. If the consumer pays off the balance at the end of 30 days, how much more in interest will they pay for the purchase
c. $31.88
A roast chicken with a base price of $6.89 is marked up by 21%. What is the new price, to the nearest cent?
c. $8.34
Below are the supply and demand equations for umbrellas in a certain market. In these equations, p represents price, D represents demand, and S represents supply. What is p at the point of equilibrium, to the nearest tenth? a. 19.3 b. 16.5 c. 13.4 d. 12.0
c. 13.4
Lawrence decided to test the balance of his favorite six-sided die. To do so, over the course of a month, he wrote down the total number of rolls he made with it at his weekly gaming night, and how many of those rolls showed a result of six. His data may be seen in the table below. Find the experimental probability of Lawrence's favorite die rolling a six, expressed as a percentage to two decimal places.
c. 19.23%
Barbara got a flat tire and does not have a spare. She needs her car for work, so she goes to a business that offers payday loans in order to get the money to buy a new tire. She borrows $75 and plans to pay it back when she gets paid in 8 days. Barbara is charged a fee of $15 and the term on her loan is 8 days. Approximately what is the annual percentage rate on her loan
c. 913%
Service: Right to live in healthy environment
clean water and air, proper waste disposal, preservation of natural resources
Which of the following terms best applies to a very fast increase in economic output which usually occurs before a peak
c. boom
Molly records the interest earned in her savings account in the last 5 months. What are the mean, median, and mode of the data set?
c. mean: 0.33, median: 0.37, mode: 0.24
Which of the following terms best applies to a reversal of economic output which occurs just before a period of new economic growth
c. recovery
Which of the following phrases best summarizes Chapter 13 bankruptcy
c. reorganize debt and keep property
A rope has a density and thickness such that a 3.25-centimeter-long segment of it weighs 61.40 grams. There are 28.3495 grams in an ounce and 2.54 centimeters in an inch. How many ounces would a 19.45 inch length of the same rope weigh?
c. 32.92 oz
Derek lives in Canada and enjoys herb gardening. His American friend sent him a guidebook for growing fresh herbs. The book says that it is best to cut bay shoots when they are 3.25 in long. If 1 mm is equivalent to 0.03937 in, how many millimeters long should the bay shoots be when Derek cuts them?
c. 82.55 mm
Kari is on a trip to Italy. She has made a list of cities she would like to tour while she is there, as well as how much she expects it will cost her (between transportation, admission, souvenirs, and so on) to see each one. The prices are listed in either US dollars ($) or euros (€). Kari has a budget of $585 set aside for sightseeing.
c. Kari has almost exactly enough left in her budget to see Genoa.
Rachel weighed her two cats, Tiger and Mittens. Tiger weighed 10.91 pounds, and Mittens weighed 178.08 ounces. Which cat is heavier, and how many pounds heavier is she?
c. Mittens is 0.22 pounds heavier than Tiger.
Internet: convenient tool (check reliability)
comparison shop, buy goods, perform financial trans
A 6 character computer password is made up of 4 numbers followed by 2 letters. How many different passwords are possible?
d
A currency's exchange rate is
d
A person who files bankruptcy ends up paying a 6% higher fixed interest rate on a 30-year home loan than a person who has not filed bankruptcy. The person who files bankruptcy pays a 12% interest rate on their home loan. If the loan amount is $150,000, how much more in total interest do they pay than the person who has not filed bankruptcy?
d
At Sam's Swimming Pool Cleaning, Sam charges each of his 85 customers $25 per week for 52 weeks of service every year. Since pool cleaning is a service, it has no cost other than labor and supplies, which cost Sam $48,000 each year. Calculate Sam's annual gross profit. b
d
At the beginning of January, Kesia Records paid $148,950 to acquire the exclusive rights to a new album. It costs them $1.13 to print a copy of this album, which they can sell for $9.75. The following chart shows the sales of that record, along with the overhead expenses of running a record studio, not counting production costs. Month Albums Sold Expenses Jan. 5,486 $27,714 Feb. 8,191 $21,689 Mar. 4,796 $25,195 Apr. 7,490 $28,766 May 6,272 $24,604 Jun. 5,131 $29,040 In whch month did Kesia Records first break even?
d
Atlanta, GA has a CPI of 168. Seattle, WA has a CPI of 204. How does the purchasing power of an Atlanta resident earning a $32,800 salary compare to the purchasing power of a Seattle resident earning a $46,400 salary?
d
Based on the information in the table, how do the annual tax revenues of Peru and Chile compare to one another?
d
Below are the supply and demand equations for stereo headphones in a certain market. In these equations, p represents price, D represents demand, and S represents supply. 2007-13-01-00-00-v1_files/i0150000.jpg 2007-13-01-00-00-v1_files/i0150001.jpg What is D at the point of equilibrium, to the nearest whole number?
d
Ben is preparing a package to mail to his friend in Switzerland. The parcel service he is using demands that his package be no greater than 55 cm on any side. If 1 inch is equivalent to 2.54 cm, what is the size limitation in inches?
d
Cheri took out a loan for $14,350. The loan term was 3 years and Cheri's payments were $625.77 per month. Since Cheri had filed for bankruptcy several years prior, she ended up paying a higher interest rate. With a better credit rating, her payments could have been $431.21 per month. How much more in interest did Cheri end up paying for her loan because of her bankruptcy?
d
Contrary to common belief, the price of a single item as listed in the CPI (Consumer Price Index) does not always rise and fall in tandem with the price of the same item in the PPI (Producer Price Index). Which of the following is not a reason that makes this so? 4
d
Determine if there was a percent increase or decrease in the number of trench coats sold, and by how much. (Round your answer to the nearest tenth.)
d
Dynatashia has a list of items she needs to buy at the store. She has written down the items and the advertised prices as shown: Hamburger - $3.99 per pound Hamburger buns - $1.29 2-liter soda - 3 for $2.00 Dynatashia buys 1.5 pounds of hamburger, 1 package of buns and 3 of the 2-liter bottles of soda. Her receipt is shown below. 2-ltr soda 2@3/$2 $1.34 Hambrg 1.5 [email protected] $5.99 Hbuns [email protected] $1.69 2-ltr soda 1@3/$2 $0.67 Determine if Dynatashia's receipt is correct.
d
Gina is weighing her lawn ornaments. Her flamingo weighs 4.168 pounds, and her garden gnome weighs 1.963 kilograms. There are 2.20462 pounds in a kilogram. Which ornament is heavier, and by what percent?6
d
Horace is seeking to exchange money in preparation for his trip to Uruguay. He will need 5,000 Uruguayan pesos, and the exchange rate between the US dollar and the Uruguayan peso is 1:19.924. The currency exchange agent Horace is using requires that a 5% surcharge be paid when converting currency. Taking the surcharge into account, how many US dollars will it take Horace to get 5,000 pesos? Round to the nearest cent.
d
If the trend shown in these graphs stays constant, what percent of the market will teddy bears occupy in November? (Round your answer to the nearest tenth.) 1
d
In 1983, a cast-iron pan cost $28.35. Today, a cast-iron pan costs $52.95. If the CPI is 166, what is the percent relation of the actual price of a cast-iron pan to the expected price?
d
Isaac is baking a cake and needs to add flour weighing 5.85 oz to the mixture. If there are 28.3495 g in one ounce, how many grams of flour does he need to add?
d
Jim had a very good quarter at his car lot with net sales reaching just over $456,000. This created a net income of $195,000. If Jim's operating expenses last quarter were $23,000, what was his gross profit margin? 8 Because of his business's recent success, Sam has decided to expand his Sam's Swimming Pool Cleaning to include another branch. This will add expenses for another office and payroll for five more employees, but Sam's customer base will stay the same, at least for a while. Until Sam's new branch starts bringing in new customers, how will this change affect Sam's net profit margin?
d
Kevin works for a company which produces printers. A printer sells for $163.95 and costs $48.28 to produce. In one month, Kevin's company sold 427 printers, earning a profit of 22,599.09. How great were the company's non-production overhead expenses, to the nearest dollar?
d
Korey is planning to open a comic book store near his home. After completing a population survey for 3,520 homes in a 5 mile radius, Korey created the chart below to include in the market analysis section of his business plan. Which of the following is the best reason to include in the market analysis component of Korey's business plan explaining why such a high percentage of grade-school aged kids in the surveyed region is good for Korey's store?
d
Korey is planning to open a comic book store near his home. After completing a population survey for 3,520 homes in a 5 mile radius, Korey created the chart below to include in the market analysis section of his business plan. Korey expects 75% of his business to come from kids in high school and grade school. About how many of homes surveyed fit into one of these two categories?
d
Korey's comic book store has been up and running for 4 years. Korey feels that his store has been successful and is considering moving to a larger property to allow for greater inventory and customer opportunities in his business. He would like investors to cover the cost of his expansion. The profits of Korey's comic book store for its first four years are outlined below. According to this information, what would be the best estimate for Korey to quote as expected profits in the next year in his new business plan?
d
Last year, Sally had a gross profit margin of 68% in her hair salon. Her gross profit was $32,508.63. How much did Sally make in net sales last year?
d
Nellie has a bankruptcy on her credit report and therefore pays higher interest rates on her current loans. She calculates that the extra money she pays in additional interest each year, if invested at the rate of 3% for 5 years, could earn her simple interest totaling $114. Approximately how much does Nellie pay in additional interest each year?
d
Rob is going over his currency exchange receipts from his trip to Japan and South Korea. When he was in Japan, he exchanged US dollars for Japanese yen at a rate of 1:87.441, and when he was in South Korea, he exchanged Japanese yen for South Korean won at a rate of 1:12.395. To three decimal places, what was the exchange rate of US dollars to South Korean won?
d
Sam is planning to start a pool cleaning business. The business comes with a set-up and first-year operational cost of $39,500. Sam has $9,000 in savings and $12,000 in credit that he has decided to invest in his business. Sam would like to obtain the rest of the money required to open his business from investors. This is information Sam should include in the _____ component of his business plan.
d
Sam is planning to start a pool cleaning company from his home. He has decided on a radius of 30 miles from his home as a region of operation. After surveying the region of operation, he found that 43% of the homes in the region have a swimming pool. If there are 36,248 homes within a 30 mile radius of Sam's home, approximately how many potential customers does Sam have?
d
Sam's Swimming Pool Cleaning has a annual net income of $46,900. Sam charges $25 per week for each of his customers for 52 weeks. His annual operating expenses, including labor and supplies, are $48,000. How many customers does Sam's Swimming Pool Cleaning have?
d
Sergio has decided to weigh his reference books. His largest encyclopedia weighs 7.49 pounds, and his largest dictionary weighs 3.91 kilograms. If one pound is equal to 0.4535924 kilograms, which book is heavier, and how many more kilograms does it weigh than the other?
d
Suppose that Ireland has placed a tariff of 12% on its exports and a tariff of 21% on its imports. If Ireland has tariff revenue worth (equivalent US dollars) $9,148,200 and a balance of trade of $7,100,000, what are its exports and imports worth?
d
The figure above shows a store's supply-demand graph for lawn chairs. If the store makes $800 by selling lawn chairs, which of the following is a possible valid price for them?
d
The financial analysis component of a business plan is to describe _____.
d
What consumer protection agency is known by the acronym SEC?
d
What is inflation?
d
What is the difference between a histogram and a bar graph?
d
When it is 4:00 a.m. in Honolulu, it is 2:00 p.m. in London. Just before Paul's flight from Honolulu to London, he called his friend Nigel, who lives in London, asking what kind of clothing to bring. Nigel explained that London was in the middle of some truly peculiar weather. The temperature was currently 30°C, and was dropping steadily at a rate of 1°C per hour. Paul's flight left Honolulu at 12:00 p.m. Thursday, Honolulu time, and got into London at 1:00 p.m. Friday, London time. What kind of clothing would have been appropriate for Paul to be wearing when he got off the plane?
d
Which agency is responsible for supervising programs related to housing needs and community development?
d
Which basic consumer right calls for accurate information on product information and labeling requirements so the customer can make purchasing decisions 3
d
Which basic consumer right calls for accurate information on product information and labeling requirements so the customer can make purchasing decisions?
d
Which of the following are accurate assessments of trends displayed in this graph? I. Sales of teddy bears decreased by about 2.9% between September and October. II. The change in sales of rabbits is roughly equal to the change in sales of all toys. III. Roughly 24.1% fewer horses were sold in October than in September.
d
Which of the following can not be discharged by filing bankruptcy?
d
Which of the following digits are not considered significant?
d
Which of the following equations correctly describes how to calculate net income?
d
Which of the following is not a component included in a standard business plan?
d
Which of the following is not considered when calculating a country's GDP?
d
Which of the following is not one of the categories of which the CPI market basket consists? 1
d
Which of the following is not one of the eight recognized consumer rights?
d
Which of the following is not something that states saw a significant decrease in as a result of the recession?
d
Which statement(s) most directly apply to capitalism? I. There is heavy government regulation of industry. II. Individuals can start some, but not all, kinds of enterprises. III. The price and availability of goods is determined primarily by the market.
d
While out shopping, Lebron sees a sign for print tees advertised at 3 for $35 or $15 each. Lebron decides to buy 2 print tees. If the sales tax is 8%, how much more would Lebron have had to pay if he would have purchased 3 print tees? 9
d
Sam is planning to start a pool cleaning business from his home. He has decided on a radius of 30 miles from his home as a region of operation. After surveying the region of operation, he has found that 43% of homes in the region have a swimming pool. There are 36,248 homes in Sam's region of operation. Which of the following statements is the best reason to include in the market analysis component of Sam's business plan explaining why such a high percentage is good for Sam's business?
d a
How can thieves steal an identity? I. dumpster diving II. phishing III. changing others' addresses IV. skimming 1
d n
Say that the economy is in an expansion, causing wages to increase by six percent. If you previously received a monthly salary of $1,375.00, what will your new monthly salary be? Round all dollar values to the nearest cent
d. $1,457.50
Zoe filed for bankruptcy several years ago and now wants to take out a loan for $15,200. Since Zoe has a past bankruptcy, she will end up paying a higher interest rate. The loan term is four years, and her payments are $819.20 per month. With a better credit rating, her payments could have been $440.82 per month. How much more in interest will Zoe end up paying for her loan because of her bankruptcy
d. $18,162.24
The figure above shows a store's supply-demand graph for lawn chairs. If the store makes $800 by selling lawn chairs, which of the following is a possible valid price for them? a. $50 b. $40 c. $25 d. $20 Please select the best answer from the choices provided
d. $20
A person who files bankruptcy ends up paying a 6% higher fixed interest rate on a 30-year home loan than a person who has not filed bankruptcy. The person who files bankruptcy pays a 12% interest rate on their home loan. If the loan amount is $150,000, how much more in total interest do they pay than the person who has not filed bankruptcy
d. $231,693.52
A store's supply/demand graph for MP3 players is shown above. If the price is at the equilibrium point, how much money will the store make by selling MP3 players? a. $1,275 b. $1,600 c. $3,150 d. $3,300 Please select the best answer from the choices provided
d. $3,300
A microwave oven costs $124.85 before it is marked down. If it is marked down by 63%, what is its new price, to the nearest cent?
d. $46.19
While out shopping, Lebron sees a sign for print tees advertised at 3 for $35 or $15 each. Lebron decides to buy 2 print tees. If the sales tax is 8%, how much more would Lebron have had to pay if he would have purchased 3 print tees
d. $5.40
Cheri took out a loan for $14,350. The loan term was 3 years and Cheri's payments were $625.77 per month. Since Cheri had filed for bankruptcy several years prior, she ended up paying a higher interest rate. With a better credit rating, her payments could have been $431.21 per month. How much more in interest did Cheri end up paying for her loan because of her bankruptcy?
d. $7,004.16
Nellie has a bankruptcy on her credit report and therefore pays higher interest rates on her current loans. She calculates that the extra money she pays in additional interest each year, if invested at the rate of 3% for 5 years, could earn her simple interest totaling $114. Approximately how much does Nellie pay in additional interest each year
d. $760
A plant nursery is having a sale. Potted begonias are marked down 27%, and tomato seedlings are marked down 35%. If you pay $6.57 each for two potted begonias and $2.60 each for three tomato seedlings, how much did you save?
d. $9.06
A batch of tiles, shown below, is placed into a bag. Ariana randomly draws one tile from the bag, records it, puts it back in the bag, and draws another tile. What is the probability that Ariana will draw a purple tile first and a red tile second?
d. 1/60
Determine the annual percentage rate (APR) for a tax refund anticipation loan based on the following information. (Round to the nearest percent.) amount of loan = $985 total fees paid = $135 term of loan = 10 days
d. 500%
Below are the supply and demand equations for stereo headphones in a certain market. In these equations, p represents price, D represents demand, and S represents supply. What is D at the point of equilibrium, to the nearest whole number? a. 151 b. 104 c. 71 d. 54
d. 54
Gabe rolls a six sided die twenty times, and records the result in the table below. How many times did Gabe roll above the average?
d. 6
Which of the following is not a question college students find themselves asking when considering the costs of school during the recession
d. How often should I go to class
Dynatashia has a list of items she needs to buy at the store. She has written down the items and the advertised prices as shown: Hamburger - $3.99 per pound Hamburger buns - $1.29 2-liter soda - 3 for $2.00 Dynatashia buys 1.5 pounds of hamburger, 1 package of buns and 3 of the 2-liter bottles of soda. Her receipt is shown below. 2-ltr soda 2@3/$2 $1.34 Hambrg 1.5 [email protected] $5.99 Hbuns [email protected] $1.69 2-ltr soda 1@3/$2 $0.67 Determine if Dynatashia's receipt is correct
d. No, Dynatashia paid too much for buns
A store is selling a green rug for $54.50 and a white rug for $31.85. The green rug is marked down by 12%, and the white rug is marked up by 16%. After the markup and markdown, which rug is more expensive, and how much more expensive is it? Round all dollar values to the nearest cent.
d. The green rug is $11.01 more expensive than the white rug.
Use the following table to help answer the question below. State Single-Earner 2-Person 3-Person 4-Person Florida $41,226 $52,259 $58,574 $69,009 Georgia $40,691 $55,258 $61,104 $68,502 Missouri $39,645 $51,568 $60,371 $71,059 Texas $38,940 $55,859 $59,222 $66,381 Virginia $48,362 $65,122 $74,151 $85,939 A couple has two children. They live in Missouri and have a combined annual income of $96,730. The couple has a mortgage, a car loan, student loans, and credit card debt. When one of them loses employment, their monthly income is reduced by $2,100. If they felt the need to file for bankruptcy, which of the following statements is true?
d. They could file for Chapter 13 bankruptcy and discharge some of their debt
Use the following table to help answer the question below. State Single-earner 2-person 3-person 4-person Florida $41,226 $52,259 $58,574 $69,009 Georgia $40,691 $55,258 $61,104 $68,502 Missouri $39,645 $51,568 $60,371 $71,059 Texas $38,940 $55,859 $59,222 $66,381 Virginia $48,362 $65,122 $74,151 $85,939 A family of 2 that has a monthly income of $4,650 is thinking about filing bankruptcy. In order to file for Chapter 7 bankruptcy, in which of the following states could the family be living
d. Virginia or Texas
What are the median and mode of the data set? 48 25 34 46 29 27 46
d. median: 34, mode: 46
Which of the following is not a measure of variability?
d. regulated differences
Which of the following is not something that states saw a significant decrease in as a result of the recession
d. transportation costs
Ron placed a grilled cheese sandwich, a sneaker, a pinecone, and a dog collar together on a scale. The sandwich weighs 0.462 lb, the sneaker weighs 290.87 g, the pinecone weighs 0.0000453 ton, and the dog collar weighs 0.246 kg. There are 2.20462 pounds in one kilogram. How many ounces do all of these objects weigh in total?
d. 27.78 oz
Jun, who lives in the United States, is on a trip to South America. He is going first to Argentina, where the currency is the Argentine peso ($), then to Bolivia, where the currency is the Bolivian boliviano (Bs.). As he is traveling from Argentina to Bolivia, he finds that he has the equivalent of US $671 in pesos, which he wishes to convert to bolivianos. If, at the time of Jun's exchange, the exchange rate of the US dollar to the Argentine peso is 1:3.8056 and the exchange rate of the Argentine peso to the Bolivian boliviano is 1:1.8903, how many bolivianos does Jun have? Round all currencies to two decimal places.
d. 4,826.99 Bs.
The condition of a country's money ⇒ economy depends on its people's ability to exchange money for goods and services.
economy
Which of the following functions is most closely connected with the CPSC?
ensuring product safety and setting safety standards
It is possible, through careful consideration of economic principles and interactions, to reach a state of equilibrium in practice.
f
Consumer info file
file identifying reliable sources of information.
An important basic consumer right is the right to live and work in a(n) environment.
healthy
An important basic consumer right is the right to live and work in a(n) ___________ environment.
healthy
When evaluating the usefulness of information, you want to make sure
it is up to date.
Which of the following digits are not considered significant?
leading zeros to the left of the first nonzero digit
By using your right to voice your concerns about a product or service you are:
letting businesses know what you like and dislike.
Edu: Right to be trained in knowledge
make informed sound choices, aware of basic rights
Arrange the following units in order from smallest to greatest: centimeter, kilometer, meter, millimeter
millimeter, centimeter, meter, kilometer
What is the difference between a histogram and a bar graph?
not A - A histogram presents information in horizontal bars, while a bar graph presents information in vertical bars.
What are the mean and mode of the following data set?
not A - mean: 43.5, mode: 46
Consider the following graph, which details the observed bear population in two national parks. Of the following, which option or options would help make this graph less misleading?
not C - III only
4 digit number 0-9 10^4 = 10,000
not allowed to use 0 for first digit: 9 x 10 x 10 x 10 = 9,000
Know sources of info
provided by people, places, and org.
Which of the following is not one of the eight recognized consumer rights?
right to dignity
Disputes with company, entitled to fairness, compensation for:
shoddy goods, misrep, unsatisfactory service (Still responsible for establishing claim, avoid bad trades)
Right to choose- opportunity to select what you want
variety of goods and sellers, competitive prices, laws prohibiting monopolies