Business Mathematics Exam - Chapters 10 & 11
Jim Murphy borrowed $30,000 on 120-day fourteen percent note. Jim paid $5,000
toward the note on day 95. On day 105 he paid an additional $6,000. Using the U.S.
Rule, Jim's adjusted balance after the
LEARNING UNIT OBJECTIVES
LU 2-1: Types of Fractions and Conversion Procedures
Recognize the three types of fractions.
Convert improper fractions to whole or mixed numbers and
mixed numbers to improper fractions.
Chapters 7 & 8
A bedroom set lists for $12,000 and carries a trade discount of 30 percent. Freight (FOB shipping
point) of $150 is not part of list price. Calculate the delivered price of the bedroom set including
Chaps.12 & 13
1. At the beginning of each year, Bill Ross invests $1,400 semi-annually at 8 percent for 9 years.
The cash value of the annuity due at the end of the ninth year is: (Use the tables in the
Business Mathematics Exam - Chapters 3-5
Printed pencils cost $.33 1/3 each for an order of 18,000 pencils. On Monday Jim Co. placed an
order for 18,000 pencils. What is the exact cost of the pencils for Jim Co.? Be sure to use the
Chapters 4 & 9
In the reconciliation process the unrecorded bank service charge is:
Answer: Deducted from checkbook balance
Which of the following results in crediting the checkbook balance?
Business Mathematics Exam - Chapters 1 & 2
Sally Ray borrowed $38,000 to buy a new Hummer. Assuming an interest charge of $4,100, what
will be her monthly payment if she takes 25 months to repay the loan interest. Assume the loan
is repaid in e
1. 19,810 rounded to the nearest hundred is ?
2. Lee Co. carpeted its offices requiring 310 square yards of commercial carpet. The total cost
of the carpet at Home Depot was $10,230. How much did Lee pay per square yard?
$10,230 / 310 =