Cost/Benefit

Which of these is not a physical asset?

• Stocks
• Car
• House
• Property

Which of these is an example of a consumer durable?

• Refrigerator
• T-shirt
• Stocks
• Jeans

What is it called when a product loses value over time?

• Depreciation
• Inflation
• Assets
• Growth

If you spend $120 a month on groceries for the past five years, what would be the yearly cost?

• $1440
• $12
• $600
• $7200

A lawnmower cost $400 and will last you for 8 years.  You will need to spend $20 a month on gas and $40 a year in maintenance.  What is the yearly cost associated with this purchase?

• $330
• $490
• $460
• $770

You sign up to drive for Uber.  This requires you to spend $20 more per month on insurance and $80 more per month on gas.  You average $700 a week in fares.  Your prior salary was $30,000 a year.  How much more money will you make with Uber in one year (52 weeks)?

• $5,200
• $6,400
• You will lose money
• $4,000

If you spend $800 on supplies to make 250 t-shirt, which of the following prices could you charge per shirt to make a profit?

• $2
• $3
• $3.20
• $4

Which of these factors do you not need to take into consideration financially when choosing a new job?

• Salary
• Benefits
• Cost of living
• Age of boss

True or false: a consumer durable is also called a capital good?

• True
• False

Which of these mortgages would have the highest monthly payment?

• $150,000 @ 7% for 30 years
• $150,000 @ 7% for 10 years
• $100,000 @ 5% for 25 years