Kaplan University MM 255 All Quiz

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Session 2015-2016.

MM/255 Unit 1 Quiz

1.
Perform the operation by applying the standard order of operation for a series
of calculations.
2.
The menswear department of the gap has a sales goal of $1,381,000 for its
spring sale. Complete the worksheet for the sales totals by region and by day.
Decide if the goal was reached. What is the difference between the goal and the
actual total sales amount?
3.
University trailer sales company sold 358 utility trailers during recent years. if
the gross annual sales for the company was $332483. What was the average selling
price for each trailer?
4.
Angela is processing store orders for 14,000 reams of copy paper. She found
1545 cases of paper in the warehouse. Each case contains 10 reams of paper. Does
Angela need to order more paper from wholesaler to have enough to complete the
orders?
5.

Write the mixed numbers as an improper fraction

6.
Perform the indicated operation write the sum as a fraction, whole number,
or mixed number in lowest terms.
7.

Subtract $469.27-$223.41

8.

Multiply 18.9*3

9.
Maritsha jones purchased a jacket for $48.75 and a shirt for $19.50. She paid
with a $100 bill. How much change did she receive?
10.
Laura voight earns $4.33 per hour as a telemarketing employee. One week
she worked 24 hours. What was her gross pay before any deductions?
11.

Calculate the cost of 4000 gallons of gasoline if it costs $1.42 per gallon.?

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MM/255 Unit 2 Quiz

1.

Solve for the unknown in the equation

3B+4B-1=27
2.

Solve for the unknown in the equation

2(X-5) = 2
3.

Solve for the unknown in the equation

4(X-2) = 30
4.

Solve the proportion for N

9/12= N/4
5.

Which of the fractions 6/11 or 5/6 is proportional to 55/66?

6.
A real estate salesperson bought promotional calendars and date books to
give to her customers at the end of the year. The calendars cost $0.75 each, and
the date books costs $0.40 each. She ordered a total of 300 promotional items and
spends $155. How many of each items did she order?
7.
A mans stock earned $150,000,000. If this earnings represents $1.16, how
many shares of stock are there?
8.
For 33 hours of work you are paid $255.75 how much would you receive for
36 hours?
9.
A company purchased 10,000 pairs of mens slacks for $19.86 per pair and
marked them up $22.23. What was the selling price of each pair of slacks? Use the
formula S=C+M
10.
The formula for the total of installments payments of an item purchased with
financing is total of installments payments= installments price- Down payments.
The formula can be written in symbols as T=I=-D. solve the formula for I.
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MM/255 Unit 3 Quiz

1.
Find the interest paid on a loan of $2100 for one year at a simple interest rate
of 9 % per year.
2.

Convert to years, expressed in decimal form to the nearest hundredth?

3.

A loan is made for 42 months convert the time to years.

4.
A man took out a $44,000 construction loan to remodel a house. The loan
rate is 8.2 % simple interest per year to be repaid in nine months. How much is paid
back?
5.
Linda davis agreed to lend money to alex luciano at a interest rate of 10% per
year, on the condition that he borrow enough that he would pay her $600 in interest
over a period of 1 year. On the condition that he borrow enough that he would pay
her $600 in interest over a period of 1 year. what was the minimum amount alex
could borrow
6.
Mr. smith borrowed $21,000 to purchase stock for his baseball card shop. He
repaid the simple interest loan after three years. He paid interest of $6,700. What
was the interest rate?
7.

Find the exact interest on a loan of $6000 at 9% annually for 80 days?

8.
A loan made on March 15 is due September 8 of the following year. Find the
exact time for the loan in loan in a non-leap year and a leap-year.
9.

A loan is made on march 18 for 179 days .find the due date.

10.
Raul fletes borrowed $8000 on a 210 day note that required ordinary interest
at 10.96%. raul paid $10.96% .raul paid $4,000 on the note on the 14 th day. How
much interest did he save by making the partial payments?
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MM/255 Unit 4 Quiz

1.
Find the installments price of a recliner bought on the installments plan with a
down payment of $90 and six payments of $105.85.
2.
Smith s trailer sales will finance a 16-foot utility trailer with ramps and
electric breaks. If a down payment of $50 and eight monthly payments of $82.73
are required what is installments price of the trailer?

3.
A computer with software costs $2957, and Catherine stevens has agreed to
pay the loan in 18 months, how much will she pay each month?
4.
A hepplewhite sofa cost $3790 in cash jaquanna Wilson will purchase the
sofa in 24 monthly installments payments. A 15 per year finance will be charge will
be assessed on the amount financed . find the finance charge the installments
price, and the monthly payments?
5.
A fishing boat is purchased for 5,1000 and financed for 36 months. If the
total finance charge is $1060, find the annual percentage rate using the table?
6.
A credit card has an average daily balance of 2814.32 and the monthly
periodic rate is 1263 % what is the finance charge for the month?
7.
In john balfours credit card account interest is charged on the average daily
balance. The cycle begins on may 4, and the cycle ends on may 7. A charge of
$52.35 is posted on may 18. A charge of 15.17 is posted on may 7. A charge of
$52.35 is posted on may 12. A charge of $118.54 is posted on may 29 . john is
charged 1.77% per period . what is the finance charge for the cycle?
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MM/255 Unit 5 Quiz

1.
An investments of $9000 at 3% is compounded semiannually for four years.
Find the future value and compound interest use the $1.00 future value table or the
future value and compound interest use the $1.00 future value table or the future
value and compound interest formula.
2.
A loan of $1000 at 12% is compounded monthly for two years . find the future
value and compounded interest . use the $1.00 future value and compounded
interest formula.
3.
A bank made a farmer a loan of $1000 at 14% for three years compounded
annually . find the future value and the compound interest paid on the loan.
Compare the compound interest with simple interest for the same period.
4.
Tom bond borrowed $6,200 at 5 for three years compounded annually.
What is the compound amount of the loan and how much interest will pay on the
loan?
5.
A bank loaned john smith $3000 for four years compounded annually at 9%
how much interest was john required to pay on the loan? Use the $1.00 future value
table or the future value and compounded interest formula.

6.
Ross loans have a loan of $8500 compound quarterly for four at 10%. What is
the effective interest rate for the loans?
7.
Find the compound interest on a $3500 investments at 0.75% compounded
daily for 24 days.
8.
John smith has found a short term investments opportunity. He can invest
$6000 at 0.75 interest is compounded daily?
9.
Find the amount that should be set aside today to yield the desired future
amount.
10.
A landlord wants to work only 10 more years and then retire. The landlord
currently has $330000 in the bank . the landlord also plans to purchase a 260000
apartments complex as an investments the landlords also plans to invest the other
$70,000 and aims to have $1 milion between the two investments to retire on
complete parts 1. Through 5?
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MM/255 Unit 6 Quiz

1.

Find the future value and total interest of the annuity.

2.

Find the future value and total interest of the annuity.

3.
Use the simple interest formula method to find the future value of an ordinary
annuity of $3100 paid annually after that year at 2.8% annual interest. Find the total
interest earned?
4.
Harry taylor plans to pay an ordinary annuity for ten years so he can take a
years sabbatical to study for a masters degree in business. The actual rate of
interest is 3.7% how much will hary have at the end of three years ?
5.
Which annuity earns more interest , an annuity due of $500 quarterly for two
years at 10 % annual interest compounded quarterly ,or an annuity due of $1000
semiannually for two years at 10% annual interest compounded semiannually?
6.
What semiannual sinking fund payment would be required to yield $45,000
seven years from now the annual interest rate is 6% compounded semiannually.
7.
What is the present value of an ordinary annuity with annual payments of
$660 at 7% annual interest for 25 years?

8.
Janice and terry van dyke have decided to establish a semiannual ordinary
annuity of $5,000 for the next twenty years at 4% annual interest compounded
semiannually. How much should they invest in a lump sum now to provide the
stream of payments?
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MM/255 Unit 7 Quiz

1.
The family budget is illustrated in the figure to the right. What is the total
take-home pay and what percent is allocated for transportation?
2.
Find the mean for the amount
$17485;$14983,$13521;$14550;$18,540;$14981.
3.

Find the medium for the scores: 92,68,72,85,72,95,88,73,72,89,89,95,72,77.

4.
Find the mode for the amounts: $17,292;
$14,978,$13,589,$14500,$18540;$14978.
5.
In the table on the right there are grades that were earned by students on a
midterm
Business math exam. What percent of the students earned a grade below 80?
6.
A company wants to group a collection of autographed photos by price
ranges. make a relative frequency distribution of the prices using the intervals $0$9.99,$10-$19.99, $20-$29.99,and $40-$49.99
7.

Find the deviations from the mean for the set of data 23, 30,15,21,21.

8.
Find the sum of squares of the deviations from the mean of a series of ACT
scores listed below.
9.

Find the standards deviation of a series of ACT scores below.

10.
The data shows the total number of employee medical leave days taken for
on the job accidents in the first six months of the year.
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MM/255 Unit 8 Quiz

1.
Using the information in the table, construct a bar graph showing total sales
by salesperson for the shop.
2.
Using the bar graph to the right to determine the answer which quarter had
the highest dollar volume?
3.

What percent of the yearly sales were the sales for October-December?

4.
The family budget illustrated in the figure to the right. What is the total takehome pay and what percent is allocated for transportation?
5.
In a set of 24 months of data for medical leave that has a mean of 10 days
per month and a standard deviation of 5.14, how many months are expected to
have fewer than 15.14 days per month reported medical leave?
6.
A tattoo parlor that does piercings offers them to customers as category 1, 2
and 3 and cost $26, $49, and $76 for stainless steel jewelry, respectively, and $68,
$86, and $122 for gold . the
Parlor sold five categories 1, two categories 2, and three category 3 in stainless and
one each of categories 1, 2, and 3 in gold in a month. It costs the parlor $1000 per
month to offer piercings. Complete parts 1, through 5.
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MM/255 Unit 9 Quiz

1.

Find the indicated amounts for the fixed rate mortgages

2.
Stephen has just purchased a home for $124,000. A mortgage company has
approved his loan application for a30-year fixed rate loan at 5.00% Stephen has
agreed to pay 30% of the purchase price as a down payment. find the down
payment, amount of mortgage, and monthly payments.
3.
Stephen has just purchased a home for $161,000. A mortgage company has
approved his loan application for a 30 year fixed rate loan 5.25%. Stephen has
agreed to pay 20% of the purchase price as a down payment. Find the total interest
Stephen will pay if pays the loan on schedule.
4.
Use the formula or a calculator application to find the monthly payment on a
home mortgage of $288,953 at 4.572% interest for 30 years.
5.

Make an amortization table to show the first two payments for the mortgage.

6.
Conchita martinz will have a monthly interest and principal payments of
$1,815.57 her monthly real estate taxes will be $59.16 and her monthly
homeowners insurance payments will be $87.65. if her gross monthly income is
$6,777.55, find the housing ratio?
7.

Find the sales tax and total sale?

8.

Find the sales tax on an appliance costing $289.28 if the tax rate is 5.3%

9.
You have agreed to pay $860 for a used utility trailer. The price includes sales
tax at a rate of 7.82%. What was the marked price of the trailer and how much tax
was paid.
10.
Determine the tax rate for each city or country . an equal number of zeros in
the numerator and denominator can be reduced to facilitate calculator entry.
11.
Find the assessed value of a store with a market value of $180,000 if the rate
for assessed value is 37% of market value.
12.
Find the property tax on vacant lot with an assessed value of $32,450 and a
tax rate of $4.39 per $100 of assessed value.
13.
Find the tax rate expressed as tax per $1.00 of assessed value in a
municipality that has budgeted expenses of $5,034,500 and has property assessed
at $200,24,500.
14.

Find the taxable income. Use $3,700 for each exemption?

15.

Use the table for tax rate schedules to find the federal income tax.?

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MM/255 Unit 10 Quiz

1.
Alaina is coordinating a fundraiser in her company with a goal of $91,000
there are 160 people working on the first shift, 70 people working on the second
shift, and 30 people working on the third shift. Answer parts 1 through 5 about the
fundraiser.
2.
Travon is a landscape architect who has received a $300,000 budget from
the city to build a new park. From experience Traven knows that the budget is for
the materials ,1/3 for the labour , and the reminder for the anticipated profit margin
the space for the park is 600*400 square feet. The specifications requires 60,000 ft2
of flower tree gardens 15,000 ft2 of playground equipments; 30,000 ft2 of walkways
, and 90,000 ft2 of walways, and 90,000 ft 2 of open green space.

3.
Use the line graph to the right to determine the following . if the cost of living
increase was 10 % from 2002 to 2008, determine if the employees salary for this
period of time kept pacewith inflation.
4.
John smith has 5,000 that he plan to invest in a compound interest bearing
instruments. His investments agent advise him that he can invest the $5000 at 10%
compounded quarterly for three years or he can invest the $5000 at 10 %
compounded annually for three years . which investments should john smith choose
to receive the most interest ? use the $1.00 future value or the future value or the
future value and compound interest formula.
5.
A landlord wants to work only 10 more years and then retires. The landlord
currently has $380,000 in the bank. The landlord plans to purchase a $240,000
apartment complex as an investment. The landlord also plans to invest the other
$140,000 and aim to have $1 million between the two investment to retire on.
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