Introduction to Financial Math

Front

How many containers of hot chocolate mix are used on an average day if the student dining services sells an average of 325 portions of hot chocolate per day, with each container holding 130 oz. and each serving requiring 4 oz. of mix?

Back

10

Front

Approximate sales are $35,000; approximate cost of goods sold are $6,500; warranty expenses are approximately $3,500; salaries are exactly $15,125; and taxes paid are exactly $1,124. What is the profit?

Back

approximately $8,750

Front

To prove that multiplication is right you would:

Back

divide the product by one of the multipliers

Front

What is the inverse operation of division?

Back

multiplication

Front

One-third of two thousand five hundred seventy is approximately: 750, 860, 800, 900

Back

860

Front

Area is measured in:

Back

square units

Front

A promissory note is:

Back

your written promise to pay back a loan

Front

What should Andrew's total operating expenses be for the first year if he bought a car for $2,500 cash, expects annual costs of $650 every six months for insurance, $200 per month for upkeep and maintenance, drives 1,000 miles each month at 25 miles per gallon, and gas costs $4/gal?

Back

$5,620

Front

Angela is getting married in a year. She wants to buy her dress with monthly payments of $150 per month for a year. If the total of the finance charges is $400, what is the price of the dress?

Back

$1,400

Front

Joann purchased a used automobile for $1,500. Southwest Banks finances the car for one year at 12.5%. Compute the total payment at the end of the year.

Back

$1,687.50