QRB 501 Entire Course (No Final Guide)
FOR MORE CLASSES VISIT www.qrb501nerd.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 (100 % Score, with Excel File)
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This Tutorial contains an Excel file which can be used to solve for any change in values 1) What A-Pane Inc. sells windows for $101.12 each after a markup of $33.35. Find the cost of a window and the markup as a percent of selling price 2) Solve the problem. Round amounts to the nearest cent and percents to the nearest tenth of a percent Markup = $5.02; Selling Price = $88.41. Find the cost and the rate of markup based on cost. 3) Solve the problem. Round to the nearest cent or tenth of a percent. James page works in a local music store where he sells guitars for $159.13 each. If he maintains a markup of 64.2% on selling price, what is the cost of guitar to James? 4) Find the percent increase ( or decrease) in net sales from last year to this year for the income statement. Round your answer to the nearest tenth. 5) For the month ending june 30, TriCounty Nursery has net sales of $237,000, cost of goods sold of $114,000 and operating expenses of $53,000. Find the gross profit and net income 6) Complete a vertical analysis on the balance sheet for Jake’s Janitorial Service for December 31 of last year. The company assets are cash $22,000, accounts receivable $33,000, merchandise inventory $54,000, and equipment $72,000. The liabilities are accounts payable $23,000, wages payable $21,000 and mortage note payable $86,000. The owner’s capital is $51,000. Express answers as a percent rounded to the nearest tenth 7) Solve the problem. Round the nearest cent. A director of accounts received a bill for a $776, dated October 3, with sales terms 5/10, 3/20, n/30. The bill was paid October 18. Find the cash discount and net amount paid 8) A bank made a farmer a loan of $1000 at 16% 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. 9) A Hepplewhite sofa costs $3,630 in cash, Jaquanna Wilson will purchase the sofa in 24 monthly installment payments. A 16% per year finance charge will be assessed on the amount financed. Find the finance charge, the installment price, and the monthly payment. 10) The circle graph below gives the number of students in the residence halls at the state university . Which residence hall has the second highest number of students? 11) A woman decides to organize her classic book
collection by year of publication. Make a relative frequency distribution of the years using the intervals 1750-1799, 1800-1849, 1850-1899 and 1900-1949 12) Find the interest paid on loan of $62,012 at 11% annual simple interest for 2.7 years. Round to nearest cent. 13) Prepare a balance sheet for Mullen’s Hardware for December 31 of last year. The company assets are cash $18,000, accounts receivable $40,000, and merchandise inventory $52,000. The liabilities are accounts payable $24,000 and wages payable $19,000. The owner’s capital is $67,000 14) Determine if the following statement is true or false. Trade discounts can be taken on freight, when freight charges are separate from merchandise on an invoice. 15) Find the net price of a ring that lists for $671.00 if a discount rate of 30% applies. 16) Last week at a festival, a man sold 4 times as many tie-dyed T-shirts as silk-screened shirts. He sold 220 shirts altogether. How many tie-dyed shirts did he sell? The number of tie-dyed shirts is 17) Solve for the unknown in the equation. 4A+ 6A = 20 18) For Hamilton supplies, wages payable for last year were $31,000 and for this year were $99,000. If the total assests for this year were $141,000, find what percent wages payable were of total assets to the nearest tenth of a percent. 19) solve for the equation A + 2A == 9 20) Find the standard deviation of the scores : 12,12,12,15,18,18,18. Round to tenths 21) In the line graph, how many more hours were needed to prepare for test 2 than for test 1? 22) How much should Linda Bryan set aside now to buy equipment that costs $7,100 in one year? The current interest rate is 0.85% annually, compounded annually. 23) The following test scores were recorded for a student : 93,90,88,87,96,92. Find the mean, median, and mode 24) Use the accompanying table to find the compound interest, round to the nearest cent. $6,000 at 4% compounded semiannually for 6 years. 25) Solve the problem. Round to the nearest cent. The list price of a keyboard is $712. If the trade discount series offered is 15/20/5, find the net price by using the net decimal equivalent 26) Accountants often use the median when studying salaries for various jobs. What is the median of following salary list? $109,000, $107,000, $183,000, $240,000, $134,000, $115,000, $760,000, $232,000, $170,000 27) Solve the problem. Round
amounts to the nearest cent and percents to the nearest tenth of a percent. A store manager paid $89 for an item and set the selling price at $125.49. what was the percent markup based on cost? 28) What is the monthly interest rate if an annual rate is 12.3%? 29) How much interest will have to be paid on a loan of $12117 for 4 months at a simple interest rate of 6.4% per year? Round to the nearest cent. 30) The monthly net gains sales for a new sporting goods store were : $8024, $3082, $3377, $7838, $8063, $2183, $1221, $7078, $5520, $4755. Find the median ==============================================
QRB 501 Week 1 Fundamental Quantitative Concepts Exercises
FOR MORE CLASSES VISIT www.qrb501nerd.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.qrb501nerd.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
FOR MORE CLASSES VISIT www.qrb501nerd.com Purpose of Assignment The purpose of the assignment is to provide students an opportunity to use Microsoft Excel® to practice the concepts of trade discounts, invoicing, markups, and markdowns. Assignment Steps Resources: Mathematics of Buying and Selling Exercises Excel® Template, Excel® 2016 Essential Training Save the Mathematics of Buying and Selling Exercises Excel® Template to your computer. Read the instructions on the first tab. Complete the ten exercises located in the template. Click the Assignment Files tab to submit your assignment. Nordstrom plans to mark up a Brahmin Croc Embossed Laptop Case $130.50 over cost, which is a 58% markup based on the cost. Find the cost, the selling price, and the rate of the selling price. Ronin Copies marks up signs that sell for $49. The markup is 80% based on the selling price. What is the cost and the amount of markup of a sign? Lowe’s reduced a Maytag dishwasher 12.563%. If the dishwasher was priced at
$398, find the amount of markdown and the reduced price. Fresh Food Market pays $0.25 per pound for 300 pounds of apples. On average, 5% of the apples will spoil before they sell. Find the selling price per pound needed to obtain a 180% markup on cost. Find the net price of the PC software SystemWorks that lists for $70 and has a discount rate of 12%. Use the system of complements. Dylan Murphy currently receives a trade discount series of 5/10/10 on merchandise purchased from a furniture company. He is negotiating with another furniture manufacturer to purchase similar furniture of the same quality. The first company lists a dining room table and six chairs for $1,899. The other company lists a similar set for $1,800 and a trade discount series of 5/5/10. Which deal is better? PlumbingStore.com buys one model of tankless water heater that has a list price of $395. The trade discount is 18%. What is the trade discount and net price of the heater? Federated 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
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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.qrb501nerd.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®. Assignment Steps Resources: Data Analytics Problem Set Excel® Template, Excel® 2016 Essential Training Save the Data Analytics 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. Fifty business students were given a project to complete. The bar graph below shows the number of
days it took the students to complete the assignment. The bar graph below shows the Quarterly Dollar Volume of Batesville Tire Company. Refer to the bar graph below and answer the questions. The line chart below shows data for Automobile Gasoline Mileage Comparisons for full-size and compact cars. Refer to the chart and answer the questions. The line chart below shows Dale Crosby's Salary History. Refer to this chart and answer the questions. The pie chart below shows the family budget. Refer to the chart and answer the following questions. The bar chart shows the distribution of tax dollars. Refer to the chart and answer the following questions. The Canmark Research Center Airport Customer Satisfaction Survey uses an online questionnaire to provide airlines and airports with customer satisfaction ratings for all aspects of the customers’ flight experience (airportsurvey website, July 2012). After completing a flight, customers receive an e-mail asking them to go to the website and rate a variety of factors, including the reservation process, the check-in process, luggage policy, cleanliness of gate area, service by flight attendants, food/beverage selection, on-time arrival, and so on. A five-point scale, with Excellent, Very Good, Good, Fair, and Poor, is used to record customer ratings. Assume that passengers on a delta Airlines flight from Myrtle beach, South Carolina, to Atlanta, Georgia, provided the following ratings for the question, ―Please rate the airline based on your overall experience with this flight.‖ The sample ratings are shown below. The data below shows the total sales per day of the week by four salespersons. Use Microsoft Excel to construct a line chart (graph)showing total sales by the days of the week for Happy's Gift Shoppe. Use Excel to find the mean, median, and mode of the scores given below. After your MBA, 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.qrb501nerd.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 ExcelÂŽ 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 (TimeValue of Money) Cases
FOR MORE CLASSES VISIT www.qrb501nerd.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 365-day 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 ďŹ nish 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.qrb501nerd.com About Your Signature Assignment This signature assignment is designed to align with specific program student learning outcome(s) in your program. Program Student Learning Outcomes are broad statements that describe what students should know and be able to do upon completion of their degree. The signature assignment may be graded with an automated rubric that allows the University to collect data that can be aggregated across a location or college/school and used for program improvements. Purpose of Assignment The purpose of this assignment is for students to synthesize the concepts learned throughout the course, provide students an opportunity to build critical thinking skills, develop businesses and organizations, and solve problems that require data. Assignment Steps Note: Although you will be studying the concept of CPI in more detail in your future ECO/561 class, for the purpose of this case, you need to use the concepts of percentages, percentage increase/decrease, and creating and interpreting line charts to compute the inflation rate in the US economy and determine which time period experienced the highest inflation rate. Follow the steps below to complete this signature assignment: 1. Search for the Federal Reserve Bank of St. Louis (FRED). 2. On the home page of the website, you will see a search box. 3. Type in CPI- AUCSL in the search box and
press the return key. 4. The first result of the search will be "Consumer Price Index for All Urban Consumers: All Items." Click on this result link. 5. Click on the Download link and download the data in Excel®. 6. On the Excel® file, the second column gives you the CPI values for each period starting from 1947. 7. Go to the last row and notice the last date and the CPI value. Go back 6 years from this last date. For example, if the last date is 2016-11-01, then the date 6 years ago would be 2010-11-01. 8. Copy and paste this six years data into a separate Excel® tab. 9. Using Excel®, calculate the percentage change in CPI from a year earlier for each observation, beginning with the observation one year later than the first observation. To make this calculation, click on the blank cell next to the observation corresponding to that date and then use Formula 1, located in the Signature Assignment Excel® Formulas document (note that in Excel®, the symbol for multiplication is *), where t-1 is the first observation and t is the observation one year later. For example, to find the percentage change in CPI from 2010-11-01 to 2010-10-01, refer to Formula 2 located in the Signature Assignment Excel® Formulas document. Convert this value to a percentage in Excel®. Repeat this process for the remaining observations (you can use the copy and paste functions to avoid having to retype the formula). 10. This new column contains the national inflation rate. 11. Create a line graph of the percentage changes (inflation rates) from a year earlier. 12. Which period experienced the highest inflation rate? What was the inflation rate during that period? Format your paper consistent with APA guidelines. ==============================================