Question 1

Using the Table 3.2 on page 120 of your text convert 3100 British pounds to Canadian dollars.

Accepted Answer

A)  $4249.78 
B)  $4623.65 
C)  $4747.32 
D)  $2024.30 
E)  $4747.65 
A)  $4249.78 
B)  $4623.65 
C)  $4747.32 
D)  $2024.30 
E)  $4747.65

Question 2

Penny earned $26 000 in 2007. If the Consumer Price Index in 2007 was 111.5 and in 2009 was 114.4, what did Penny have to earn in 2009 just to keep up with inflation?

Accepted Answer

Penny's real income in 2007 wa

Question 3

$81 is 20% of what amount?

Accepted Answer

The answer of $81 is 20% of what amount?...

Question 4

The Canadian CPI was 109.1 in 2006 and 114.4 in 2009 relative to the base year of 2002. Determine the purchasing power of the Canadian dollar for the two years, and interpret the meaning of the results?

Accepted Answer

Purchasing power of the dollar for 2006

Question 5

Solve:   : t =   :

Accepted Answer

@#IMG-DLM& : t = @#IMG-DLM& :

Question 6

Calculate:   % of $832.00

Accepted Answer

A)  $1.04 
B)  $10.40 
C)  $104.00 
D)  $66.56 
E)  $6.66 
A)  $1.04 
B)  $10.40 
C)  $104.00 
D)  $66.56 
E)  $6.66

Question 7

Sean, Paul and Wallis decide to buy a property, agreeing to share profit in a ratio of   , which is in the same ratio as they spent on the property. If they end up making $20 000.00, calculate how much each should receive from the sale of the property.

Accepted Answer

Convert into fractions with the same den

Question 8

The amount of $123 is what percent less than $165?

Accepted Answer

Decrease =

Question 9

Solve: y :   =   :

Accepted Answer

y : @#IMG-DLM& = @#IMG-DLM& :

Question 10

A buyer bought merchandise for $2900. If he sells the merchandise at 66 2/3% above cost, how much gross profit does he make?

Accepted Answer

Let the gross profit

Question 11

In a remote army camp, 10 soldiers have the ration for 21 days. If 3 soldiers leave the camp, for how many days will the ration be sufficient?

Accepted Answer

A)  14 
B)  15 
C)  21 
D)  60 
E)  30 
A)  14 
B)  15 
C)  21 
D)  60 
E)  30

Question 12

A project was tendered in 2009 for US$3.5 million, when the exchange rate was US$1.0315 per $C. It started building in 2010 and the money was borrowed from the Canadian bank when the exchange rate fell to US$0.971 per $C. What is the increase in the amount borrowed?

Accepted Answer

A)  $104 531 
B)  $106 883 
C)  $110 250 
D)  $5719 
E)  $211 750 
A)  $104 531 
B)  $106 883 
C)  $110 250 
D)  $5719 
E)  $211 750

Question 13

$189 is what percent of $4150?

Accepted Answer

The answer of $189 is what percent of $4150?...

Question 14

Manufacturing overhead is charged to three operating divisions on the basis of capital investment in the three divisions. If the investment is $10.8 million in the Eastern Division, $8.4 million in the Southern Division, and $17.4 million in the Far Eastern Division, how should manufacturing overhead of $888 000 be allocated to the three divisions?

Accepted Answer

Eastern : Southern : Far Eastern
 @#IMG-DLM& = 108

Question 15

Using the 2016 federal income tax brackets and rates mentioned below in Figure 3.1, how much federal income tax should Anya report if her 2016 taxable income was $67 325?

Accepted Answer

Federal tax for Anya = 15% × 4

Question 16

The number 675 is 37 1/2% more than what number?

Accepted Answer

675 = x + 37.5% of x

Question 17

Your earnings of $967.34 for the week represent 4.168% of your entire years earnings. What are your annualized earnings?

Accepted Answer

A)  $23899.88 
B)  $23208.73 
C)  $28308.73 
D)  $22208.73 
E)  $28308.88 
A)  $23899.88 
B)  $23208.73 
C)  $28308.73 
D)  $22208.73 
E)  $28308.88

Question 18

Cindi's annual incomes for 2002, 2006, and 2009 were $25 000, $51 000, and $42 800 respectively. Given that the Consumer Price Index for the three years 100.0, 109.1, and 114.4 respectively, compute Cindi's real income for 2006 and 2009.

Accepted Answer

Cindi's real income

Question 19

If one Canadian dollar is equivalent to $0.9421 U.S., how much do you need in Canadian funds to buy $1000 U.S.?

Accepted Answer

Let the number of Canadian dol

Question 20

Total 2013 residential tax rate in Toronto is 0.7457653%. It is expected to increase by 3% in 2014. What will be the 2014 residential tax rate in Toronto?

Accepted Answer

3% of 0.7457653 = 0.02237296
2

Using the Table 3.2 on page 120 of your text convert 3100 British pounds to Canadian dollars.

Penny earned $26 000 in 2007. If the Consumer Price Index in 2007 was 111.5 and in 2009 was 114.4, what did Penny have to earn in 2009 just to keep up with inflation?

$81 is 20% of what amount?

The Canadian CPI was 109.1 in 2006 and 114.4 in 2009 relative to the base year of 2002. Determine the purchasing power of the Canadian dollar for the two years, and interpret the meaning of the results?

Solve: : t = :

Calculate: % of $832.00

Sean, Paul and Wallis decide to buy a property, agreeing to share profit in a ratio of , which is in the same ratio as they spent on the property. If they end up making $20 000.00, calculate how much each should receive from the sale of the property.

The amount of $123 is what percent less than $165?

Solve: y : = :

A buyer bought merchandise for $2900. If he sells the merchandise at 66 2/3% above cost, how much gross profit does he make?

In a remote army camp, 10 soldiers have the ration for 21 days. If 3 soldiers leave the camp, for how many days will the ration be sufficient?

A project was tendered in 2009 for US$3.5 million, when the exchange rate was US$1.0315 per $C. It started building in 2010 and the money was borrowed from the Canadian bank when the exchange rate fell to US$0.971 per $C. What is the increase in the amount borrowed?

$189 is what percent of $4150?

Using the 2016 federal income tax brackets and rates mentioned below in Figure 3.1, how much federal income tax should Anya report if her 2016 taxable income was $67 325?

The number 675 is 37 1/2% more than what number?

Your earnings of $967.34 for the week represent 4.168% of your entire years earnings. What are your annualized earnings?

Cindi's annual incomes for 2002, 2006, and 2009 were $25 000, $51 000, and $42 800 respectively. Given that the Consumer Price Index for the three years 100.0, 109.1, and 114.4 respectively, compute Cindi's real income for 2006 and 2009.

If one Canadian dollar is equivalent to $0.9421 U.S., how much do you need in Canadian funds to buy $1000 U.S.?

Total 2013 residential tax rate in Toronto is 0.7457653%. It is expected to increase by 3% in 2014. What will be the 2014 residential tax rate in Toronto?

Review of Arithmetic

Review of Basic Algebra

Linear Systems

Cost-Volume-Profit Analysis and Break-Even

Trade Discounts, Cash Discounts, Markup, and Markdown

Simple Interest

Simple Interest Applications

Compound Interest - Future Value and Present Value

Compound Interest - Further Topics

Ordinary Simple Annuities

Ordinary General Annuities

Annuities Due, Deferred Annuities, and Perpetuities

Amortization of Loans, Residential Mortgages, and Sinking Funds

Bond Valuation

Investment Decision Applications

Filters

Exam 3: Ratio, Proportion, and Percent

Using the Table 3.2 on page 120 of your text convert 3100 British pounds to Canadian dollars.

Penny earned $26 000 in 2007. If the Consumer Price Index in 2007 was 111.5 and in 2009 was 114.4, what did Penny have to earn in 2009 just to keep up with inflation?

$81 is 20% of what amount?

The Canadian CPI was 109.1 in 2006 and 114.4 in 2009 relative to the base year of 2002. Determine the purchasing power of the Canadian dollar for the two years, and interpret the meaning of the results?

Solve: : t = :

Calculate: % of $832.00

Sean, Paul and Wallis decide to buy a property, agreeing to share profit in a ratio of , which is in the same ratio as they spent on the property. If they end up making $20 000.00, calculate how much each should receive from the sale of the property.

The amount of $123 is what percent less than $165?

Solve: y : = :

A buyer bought merchandise for $2900. If he sells the merchandise at 66 2/3% above cost, how much gross profit does he make?

In a remote army camp, 10 soldiers have the ration for 21 days. If 3 soldiers leave the camp, for how many days will the ration be sufficient?

A project was tendered in 2009 for US$3.5 million, when the exchange rate was US$1.0315 per $C. It started building in 2010 and the money was borrowed from the Canadian bank when the exchange rate fell to US$0.971 per $C. What is the increase in the amount borrowed?

$189 is what percent of $4150?

Using the 2016 federal income tax brackets and rates mentioned below in Figure 3.1, how much federal income tax should Anya report if her 2016 taxable income was $67 325?

The number 675 is 37 1/2% more than what number?

Your earnings of $967.34 for the week represent 4.168% of your entire years earnings. What are your annualized earnings?

Cindi's annual incomes for 2002, 2006, and 2009 were $25 000, $51 000, and $42 800 respectively. Given that the Consumer Price Index for the three years 100.0, 109.1, and 114.4 respectively, compute Cindi's real income for 2006 and 2009.

If one Canadian dollar is equivalent to $0.9421 U.S., how much do you need in Canadian funds to buy $1000 U.S.?

Total 2013 residential tax rate in Toronto is 0.7457653%. It is expected to increase by 3% in 2014. What will be the 2014 residential tax rate in Toronto?

Review of Arithmetic

Review of Basic Algebra

Linear Systems

Cost-Volume-Profit Analysis and Break-Even

Trade Discounts, Cash Discounts, Markup, and Markdown

Simple Interest

Simple Interest Applications

Compound Interest - Future Value and Present Value

Compound Interest - Further Topics

Ordinary Simple Annuities

Ordinary General Annuities

Annuities Due, Deferred Annuities, and Perpetuities

Amortization of Loans, Residential Mortgages, and Sinking Funds

Bond Valuation

Investment Decision Applications

Filters