QRB 501 Entire Course (No Final Guide)

FOR MORE CLASSES VISIT www.qrb501genius.com QRB 501 Week 1 Fundamental Quantitative Concepts Exercises QRB 501 Week 2 Team Assignment Equations and Percentage Cases QRB 501 Week 3 Mathematics of Buying and Selling Exercises QRB 501 Week 3 Team Assignment Trade and Cash Discount Cases QRB 501 Week 4 Data Analytics Problem Set QRB 501 Week 5 Quantitative Techniques in Financial Valuation Problem Set QRB 501 Week 5 Team Assignment Financial Valuation (Time-Value of Money) Cases QRB 501 Week 6 Signature Assignment QRB 501 Week 2 DQ 1 QRB 501 Week 2 DQ 2 QRB 501 Week 3 DQ 1 QRB 501 Week 3 DQ 2 QRB 501 Week 4 DQ 1 QRB 501 Week 4 DQ 2 QRB 501 Week 5 DQ 1 QRB 501 Week 5 DQ 2 QRB 501 Week 6 DQ 1 QRB 501 Week 6 DQ 2 ==============================================

QRB 501 Final Exam Guide (New, 2017, Score 29/30)

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1. Jorge makes a simple discount note with a face value of \$6000.00, a term of 240 days, and a 10% discount rate. Find the discount. Discount: \$394.52 Discount: \$0.00 Discount: \$600.00 Discount: \$400.00 The following test scores were recorded for a student: 79, 74, 72, 68, 74, 60, 70. Find the mean, median, and mode. • mean: 72, median: 68, mode: 74 • mean: 72, median: 71, mode: 79 • mean: 71, median: 68, mode: 79 • mean: 71, median: 72, mode: 74 3. Megan Hughes deposits \$2300 in an account that pays simple interest. When she withdraws her money 8 months later, she receives \$2484.00. What rate of interest did the account pay? Round to the nearest whole percent. 12% per year 11% per year 14% per year 13% per year Christine is currently taking college astronomy. The instructor often gives quizzes. On the past seven quizzes, Christine got the following scores: 53, 12, 41, 29, 18, 42, 57 Find the standard deviation. 17 Find the net price of a bicycle that lists for \$82.95 if a discount rate of 15% is offered. Round to the nearest cent. \$12.44 \$70.51 \$12.69 \$70.76 =82.95*(100-15)/100 = \$70.51 6 When finding the amount of change in percentage problems, the percent is always based on: the final or ending amount in decrease problems the original or beginning amount the original or beginning amount for increase problems the final or ending amount 7 An invoice received from Royal Exporters totaled \$638.20, was dated October 10, and offered terms of 1/11 ROG. The shipment was received November 27. If the invoice was paid on December 12, find the net amount due. Round to the nearest cent. \$631.82 \$638.20 \$6.38 \$0 8 Sales of frozen pizza for a club fund-raiser increased from 500 one year to 610 the next year. What was the percent of increase? 22% 82% 18% 78% (610-500)*100/500 = 22% 9 The circle graph above gives the inventory of the women's department

of a store. What is the total inventory? \$107,865 \$112,095 \$74,730 \$109,980 35955+35250+4935+16920+6345+2115+8460 = 109980 10 Find the maturity value of a loan of \$6787 after 4 months. The loan carries a simple interest rate of 14% per year. \$7103.73 \$7024.55 \$7106.39 \$7182.91 = 6787*(1+4*0.14/12) = 7103.73 11 The primary difference between an annuity due and an ordinary annuity is: I. when the money is paid into the annuity II. the way the money is paid out of the annuity III. with an annuity due, payment is made at the beginning of the period III only both I and III I only II only 12 An invoice for a laptop computer that cost \$625.68 is dated September 15, with sales terms of 3/10 EOM. If the bill is paid October 8, find the cash discount and net amount paid. Round to the nearest cent. Cash discount: \$0; net amount: \$625.68 Cash discount: \$62.57; net amount: \$563.11 Cash discount: \$18.77; net amount: \$ \$606.91 Cash discount: \$18.47; net amount: \$614.68 13 Barbara knows that she will need to buy a new car in 4 years. The car will cost \$15,000 by then. How much should she invest now at 6%, compounded quarterly, so that she will have enough to buy a new car? \$13,327.31 \$12,594.29 \$11,820.45 \$11,208.87 14 The bar graph below shows the percent of income spent on leisure activities in various countries of the world. In which country is the highest percent of income spent on leisure activities? What percent is this? Japan; 24.4% USA; 27.2% China; 94.8% USA; 72.8% 15 Find the range for the scores: 13, 23, 60, 46, 53, 75. 62 44 88 46 16 Solve the problem. Round to the nearest cent or tenth of a percent. Cost = \$48.19; selling price = \$58.79. Find the markup and the rate of markup based on the selling price. Markup = \$10.60 Rate of markup based on selling price = 18.0% Markup = \$21.20 Rate of markup based on selling price = 51.8% Markup = \$21.20 Rate of markup based on selling price =

22.0% Markup = \$10.60 Rate of markup based on selling price = 82.0% 17 Solve the problem. Round amounts to the nearest cent and percents to the nearest tenth of a percent. Cost = \$5.22; Selling price = \$10.35. Find the markup. Markup: \$5.22 Markup: \$15.57 Markup: \$5.13 Markup: \$10.35 18 Which month in 2010 had the lowest sales? Month 12 Month 7 Month 3 Month 2 19 Central Airlines offers a trade discount series of 30/35/10 for frequent flyers. If a round-trip airline ticket is \$683, what is the net price? Use the net decimal equivalent to find the net price. Round to the nearest cent. \$512.25 \$279.69 \$403.31 \$170.75 19 Central Airlines offers a trade discount series of 30/35/10 for frequent flyers. If a round-trip airline ticket is \$683, what is the net price? Use the net decimal equivalent to find the net price. Round to the nearest cent. \$512.25 \$279.69 \$403.31 \$170.75 20 Enrique borrowed \$3600 to put a down payment on a motorcycle. The loan had a simple interest rate of 8% for 2 years. Use the formula I = prt to find the amount of interest he will pay on the loan. I = interest; p = principal; r = rate (expressed as a decimal 0.08); t = time in years. \$4176 \$576 \$2880 \$288 21 Solve the problem. Round amounts to the nearest cent and percents to the nearest tenth of a percent. Cost = \$4.04; Selling price = \$7.12. Find the markup and the rate of markup based on cost. Markup: \$7.12 Rate of markup based on cost: 56.7% Markup: \$11.16 Rate of markup based on cost: 36.2% Markup: \$3.08 Rate of markup based on cost: 76.2% Markup: \$3.08 Rate of markup based on cost: 43.3% 22 Solve the problem. Round amounts to the nearest cent and percents to the nearest tenth of a percent. Markup = \$16.15; Selling price = \$95.00. Find the cost. Cost: \$16.15 Cost: \$95.00 Cost: \$78.85 Cost: \$111.15 23 Present value is best defined as: all of these are appropriate definitions for present value the amount of a specified

future value compounded at a specified rate which can be invested currently the amount that must be invested now and compounded at a specified rate and time to reach a specified future value the amount that must be invested per year and compounded at a specified rate and time to reach a specified present value 24 Sarah has made a budget for how much she will spend on activities this summer. The circle graph above shows how she has divided up her spending money. What percent of Sarah's budget is allocated for movies? 50% 5% 15% 10% 25 A number increased from 2553 to 5955 . Find the amount of increase. 5402 3296 3396 3402 26 Find the interest paid on a loan of \$2000 for 1 year at a simple interest rate of 7% per year. \$140.00 \$2140.00 \$160.00 \$14.00 27 An invoice for \$8630, dated October 5, was received by a company with the terms 5/15 EOM. A decision was made to make a partial payment of \$400 on November 2. Find the amount credited to the account and find the outstanding balance. Round to the nearest cent. Credit: \$380.00 Balance: \$8250.00 Credit: \$421.05 Balance: \$8208.95 Credit: \$400.00 Balance: \$8230.00 Credit: \$420.00 Balance: \$8210.00 28 Which month in 2009 had the highest sales? Month 2 Month 5 Month 12 Month 9 29 Felipe Rivera's savings account has a balance of \$3159. After 4 years what will the amount of interest be at 1.6% compounded quarterly? \$25.27 \$208.37 \$199.37 \$213.37 30 Solve the problem. Round to the nearest cent or tenth of a percent. An item sells for \$524.00 and is reduced to sell for \$440.16. Find the markdown amount and the rate of markdown. Markdown amount = \$369.73 Rate of markdown = 84% Markdown amount = \$70.43 Rate of markdown = 16% Markdown amount = \$83.84 Rate of markdown = 16% Markdown amount = \$83.84 Rate of markdown = 84% ==============================================

QRB 501 Week 1 Fundamental Quantitative Concepts Exercises

FOR MORE CLASSES VISIT www.qrb501genius.com Purpose of Assignment The purpose of this assignment is for students to learn how to use Microsoft Excel® for solving formulas. Managers and staff need to work with percentages daily in professional settings. Skills such as finding the percentage increase/decrease and using Excel® to convert from decimals to percentages and vice versa have become necessary. This assignment provides students with the practice of such fundamental quantitative concepts. Assignment Steps Resources: Fundamental Quantitative Concepts Exercises Excel® Template Save the Fundamental Quantitative Concepts Exercises Excel® Template to your computer. Read the instructions on the first tab. Complete the ten Excel® exercises. A scale drawing of an office building is not labeled, but indicates 0.25 inch = 5 feet. On the drawing, one wall measures 2 inches. How long is the actual wall? Marcus James purchased 2,500 pounds of produce. Records indicate he purchased 800 pounds of potatoes, 150 pounds of broccoli, and 390 pounds of tomatoes. He also purchased apples. How many pounds of apples did he purchase? The formula for the installment price of an item purchased with ﬁnancing is Installment price = Total of installment payments + Down payment. The formula can be written in symbols as I = T + D. Wallpaper costs \$12.97

per roll and a kitchen requires 9 rolls. What is the cost of the wallpaper needed to paper the kitchen? Wilson’s Auto, Inc., has 37 employees and a weekly payroll of \$10,878. If each employee makes the same amount, how much does each make? Jacob Kennedy borrowed \$30,000 to start up his consulting business. The loan had a simple interest rate of 6.2% for 3 years. Use the formula I = PRT to ﬁnd the amount of interest he will pay on the loan. I = interest; P = principal; R = rate (expressed as a decimal 0.062); T = time in years A car odometer increased from 37,580.3 to 42,719.6. What was the increase? A number decreased from 486 to 104. Find the amount of decrease. A number increased from 224 to 336. Find the percent of increase. A number decreased from 250 to 195. Find the rate of decrease. ==============================================

QRB 501 Week 2 Team Assignment Equations and Percentage Cases

FOR MORE CLASSES VISIT www.qrb501genius.com Purpose of Assignment The purpose of this assignment is to provide students an opportunity to apply the concepts of equations and percentages covered in Ch. 5 and 6 to integrated case studies. Assignment Steps Resources: Equations and Percentage Cases Excel® Template, Excel® 2016 Essential Training Save the Equations and

Percentage Cases Excel® Template to your computer. Read the instructions on the first tab. Complete the two Excel® cases located in the template. Click the Assignment Files tab to submit your assignment. Refer to the Chapter 5 Case Study 5-1 on Page 187 of your text. Answer the following questions. Question 1 Find the total square footage that requires painting for the bedroom and the living/dining room, and then ﬁnd the total square footage for the entire painting job assuming two coats of paint. Question 2 One gallon of paint will cover 350 square feet and costs \$35, and each surface will require two coats. Using your answer to question 1, determine the total number of gallons required and total cost for paint, by rounding up to the nearest gallon. Question 3 Using a painting rate of 150 square feet per hour (including prep time), a labor rate of \$20 per hour, and a desired proﬁt margin of 30% (or 0.3), calculate the total labor cost, proﬁt margin, and ﬁnal bid price for this painting job—including the total paint cost from question 2. Refer to the Chapter 6 Case Study 6-3 on Page 224 of your text. Answer the following questions. ==============================================

QRB 501 Week 3 Mathematics of Buying and Selling Exercises

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Department Stores received an invoice dated April 18 that shows a billing for \$3,848.96 with terms 2/10, 1/15, n/30. Find the cash discount and net amount if the invoice is paid within 15 days but after 10 days. Office Max purchased office furniture in the amount of \$89,517 and was invoiced with terms of 2/10, n/30. Cash strapped at the time, Office Max decided to make a partial payment of \$50,000 within 10 days. How much should be credited to its account? What is the outstanding balance? Curves Fitness Center received an invoice for \$3,097.15 that was dated September 8 with terms of 3/15 ROG. The goods being invoiced arrived on September 12. By what date must the invoice be paid to get the cash discount? How much should be paid? ==============================================

QRB 501 Week 3 Team Assignment Trade and Cash Discount Cases

FOR MORE CLASSES VISIT www.qrb501genius.com Purpose of Assignment The purpose of this assignment is to provide students an opportunity to apply the concepts of trade and cash discounts covered in Ch. 8 to integrated case studies. Assignment Steps Resources: Trade and Cash Discount Cases Excel® Template Save the Trade and Cash Discount Cases Excel® Template to your computer. Read the instructions on the first tab. Complete the two Excel® cases located

in the template. Click the Assignment Files tab to submit your assignment. Case 8.1 Chapter 8 Page 305 of your text Text: Business Math, Eleventh Edition Case 8.1 Image Manufacturing's Rebate Offer Case 8.3 Chapter 8 Page 306/307 of your text Text: Business Math, Eleventh Edition Case 8.3 The Artist's Palette ==============================================

QRB 501 Week 4 Data Analytics Problem Set

FOR MORE CLASSES VISIT www.qrb501genius.com Purpose of Assignment The purpose of this assignment is to provide students opportunities to reinforce the fundamental topics in data analytics. Through this assignment, students will learn how to read information from bar charts, pie charts, line charts, and frequency distributions. Students will also use Microsoft Excel's pivot table functionality to create frequency distributions, bar charts, and pie charts. The assignment also includes evaluating basic descriptive statistics using Microsoft Excel速. Assignment Steps Resources: Data Analytics Problem Set Excel速 Template, Excel速 2016 Essential Training Save the Data Analytics Problem Set Excel速 Template to your computer. Read the instructions on the first tab. Complete the twelve exercises located in the template and record your answers in the highlighted spaces. Format your paper consistent with APA guidelines. Fifty business

you are employed as a business analyst for a company that makes household products, which are sold by part-time salespersons who work during their spare time. The company has four salespersons employed. Let us denote these salespersons by A, B, C, and D. The sales records (in dollars) for the past 6 weeks for these four salespersons are shown in the table below. The data below shows personal income for Quarters 2014: II - 2015: III in millions of dollars, seasonally adjusted at annual rate. Construct a pie chart (circle graph) showing the distribution of market share using the data below. The data represents the percent dollar market of comics and magazine sales for September (Rounded to the nearest whole percent). ==============================================

QRB 501 Week 5 Quantitative Techniques in Financial Valuation Problem Set

FOR MORE CLASSES VISIT www.qrb501genius.com Purpose of Assignment The purpose of this assignment is to provide students an opportunity to practice and learn the time-value of money concepts covered during Week 4. Students will understand how to evaluate future values, present values, interest rates, and time periods for financial investments. Assignment Steps Resources: Quantitative Techniques in Financial Valuation Problem Set ExcelÂŽ Template Save the

Quantitative Techniques in Financial Valuation Problem Set Excel® Template to your computer. Read the instructions on the first tab. Complete the twelve exercises located in the template and record your answers in the highlighted spaces. Format your paper consistent with APA guidelines. Find the interest paid on a loan of \$1,200 for three years at a simple interest rate of 5% per year. How much money will you pay after three years? Find the maturity value of a loan of \$1,750 for 28 months at 9.8% simple interest per year. Find the simple interest rate of a loan of \$5,000 that is made for three years and requires \$1,762.50 in interest. A loan of \$16,840 is borrowed at 9% simple interest and is repaid with \$4,167.90 interest. What is the duration of the loan? How much money is borrowed if the interest rate is 9.25% simple interest and the loan is made for 3.5 years and has \$904.88 interest? Find the ordinary and exact interest for a loan of \$1000 at a 5% annual interest rate. The loan was made on March 15 and is due May 15. Find the bank discount and proceeds using ordinary interest for a loan to Michelle Anders for \$7,200 at 8.25% annual simple interest from August 8 to November 8. What is the effective interest rate of a simple discount note for \$8,000, at an ordinary bank discount rate of 11%, for 120 days? What is the effective interest rate for the ﬁrst year for a loan of \$20,000 for three years if the interest is compounded quarterly at a rate of 12%? Tim Bowling has \$20,000 invested for three years at a 5.25% annual rate compounded daily. How much interest will he earn? The Holiday Boutique would like to put away some of the holiday profits to save for a planned expansion. A total of \$8,000 is needed in three years. How much money in a 5.2% three-year certificate of deposit that is compounded monthly must be invested now to have the \$8,000 in three years? Jamie Juarez needs \$12,000 in 10 years for her daughter’s

college education. How much must be invested today at 2% annual interest compounded semiannually to have the needed funds? ==============================================

QRB 501 Week 5 Team Assignment Financial Valuation (Time-Value of Money) Cases

FOR MORE CLASSES VISIT www.qrb501genius.com Purpose of Assignment The purpose of this assignment is to provide students an opportunity to apply the concepts of time value of money covered in Ch. 13 to integrated case studies. Assignment Steps Resources: Financial Valuation (Time-Value of Money) Cases Excel® Template Save the Financial Valuation (Time-Value of Money) Cases Excel® Template to your computer. Read the instructions on the first tab. Complete the three cases located in the template. Click the Assignment Files tab to submit your assignment. Barry learned in an online investment course that he should start investing as soon as possible. He had always thought that it would be smart to start investing after he finishes college and when his salary is high enough to pay the bills and to have money left over. He projects that will be 5–10 years from now. Barry wants to compare the difference between investing now and investing later. A financial advisor who spoke to Barry suggested that a Roth IRA (Individual Retirement Account) would

be a good investment for him to start. 1. If Barry purchases a \$2,000 Roth IRA when he is 25 years old and expects to earn an average of 6% per year compounded annually over 35 years (until he is 60), how much will accumulate in the investment? 2. If Barry doesn’t put the money in the IRA until he is 35 years old, how much money will accumulate in the account by the time he is 60 years old using the same return of 6%? How much less will he earn because he invested 10 years later? 3. Barry knows that the interest rate is critical to the speed at which your investment grows. For instance, if \$1 is invested at 2% compounded annually, it takes approximately 34.9 years to double. If \$1 is invested at 5% compounded annually, it takes approximately 14.2 years to double. Determine how many years it takes \$1 to double if invested at 10% compounded annually; at 12% compounded annually. 4. At what interest rate would you need to invest to have your money double in 10 years if it is compounded annually? AbdolAkhim has just come from a Personal Finance class where he learned that he can determine how much his savings will be worth in the future. Abdol is completing his two-year business administration degree this semester and has been repairing computers in his spare time to pay for his tuition and books. Abdol got out his savings records and decided to apply what he had learned. He has a balance of \$1,000 in a money market account at First Savings Bank, and he considers this to be an emergency fund. His instructor says that he should have 3–6 months of his total bills in an emergency fund. His bills are currently \$700 a month. He also has a checking account and a regular savings account at First Savings Bank, and he will shift some of his funds from those accounts into the emergency fund. One of Abdol’s future goals is to buy a house. He wants to start another account to save the \$8,000 he needs for a down

payment. 1. How much interest will Abdol receive on \$1,000 in a 365day year if he keeps it in the money market account earning 1.00% compounded daily? 2. How much money must Abdol shift from his other accounts to his emergency fund to have four times his monthly bills in the account by the end of the year? 3. Abdol realizes he needs to earn more interest than his current money market can provide. Using annual compounding on an account that pays 5.5% interest annually, find the amount Abdol needs to invest to have the \$8,000 down payment for his house in 5 years. 4. Is 5.5% a realistic rate for Abdol to earn in a relatively short-term investment of 5 years, particularly at his bank? At 45 years of age, Seth figured he wanted to work only 10 more years. Being a full-time landlord had a lot of advantages: cash flow, free time, being his own boss—but it was time to start thinking toward retirement. The real estate investments that he had made over the last 15 years had paid off handsomely. After selling a duplex and paying the associated taxes, Seth had \$350,000 in the bank and was debt-free. With only 10 years before retirement, Seth wanted to make solid financial decisions that would limit his risk exposure. Fortunately, he had located another property that seemed to meet his needs— a well maintained four-unit apartment. The price tag was \$250,000, well within his range, and the apartment would require no remodeling. Seth figured he could invest the other \$100,000, and between the two hoped to have \$1 million to retire on by age 55. 1. Seth read an article in the local newspaper stating the real estate in the area had appreciated by 5% per year over the last 30 years. Assuming the article is correct, what would the future value of the \$250,000 apartment be in 10 years? 2. Seth’s current bank offers a 1-year certiﬁcate of deposit account paying 2% compounded semiannually. A competitor bank is also offering 2%,

but compounded daily. If Seth invests the \$100,000, how much more money will he have in the second bank after one year, due to the daily compounding? 3. After looking at the results from questions 1 and 2, Seth realizes that a 2% return in a certiﬁcate of deposit will never allow him to reach his goal of \$1 million in 10 years. Presuming his apartment will indeed be worth \$400,000 in 10 years, compute the future value of Seth’s \$100,000 investment using a 10%, 15%, and 20% return compounded semiannually for 10 years. Will any of these rates of return allow him to accomplish his goal of reaching \$1 million by age 55? 4. A friend of Seth’s who is a real estate developer needs to borrow \$80,000 to ﬁnish a development project. He is desperate for cash and offers Seth 18%, compounded monthly, for 2.5 years. Find the future value of the loan. 5. After purchasing the apartment, Seth receives a street, sewer, and gutter assessment for \$12,500 due in 2 years. How much would he have to invest today in a CD paying 2%, compounded semiannually, to fully pay the assessment in 2 years? ==============================================

QRB 501 Week 6 Signature Assignment

FOR MORE CLASSES VISIT www.qrb501genius.com About Your Signature Assignment This signature assignment is designed to align with specific program student learning outcome(s) in your