Using Graphs to Advertise — Cumulative exam Answers

Using the standard 28/36 guidelines, if the maximum monthly mortgage payment allowed for someone applying for a home loan is $1,085, what is their annual income?a.$36,167b.$46,500c.$65,100d.$162,750

Say that you are about to make a major purchase and would like to save money on sales tax. Which of these is a viable way to reduce the amount you will pay on sales tax?a.Sales tax is a tax like any other, so you can claim additional dependents and get a deduction on it.b.Businesses are allowed to charge a 1% fee for automatically calculating sales tax for you, so you should calculate the sales tax out yourself.c.Sales tax varies by state, so you can travel to a state with a lower tax rate and make your purchase there.d.If you buy an item on credit, the credit bureau must pay the sales tax instead of you, so you should make your purchase using a credit card.

At his comic book store, Korey’s Comics, Korey sells approximately $3,250 in comic books each month. But as a comic book dealer, Korey only pays $1,285 for these comic books. Korey’s monthly operating expenses, including labor, are $875. Calculate Korey’s monthly net income.a.$1,090b.$1,965c.$2,375d.$2,840

Bridget purchased 3 pairs of shoes online. The total bill of $126.81 included a $7.50 shipping charge and 6% tax on the total purchase. If the shoes that Bridget purchased were all priced the same, how much did each pair of shoes cost?a.$37.52b.$39.77c.$42.42d.$112.56

Which of the following is not considered one of the four basic types of auto insurance?a.Collisionb.Bodily Injuryc.Property Damaged.Legal Responsibility

Which of the three following graphs display the same data? I. II. III. a. I and II b. I and III c. II and III d. I, II, and III Please select the best answer from the choices provided

Fran is going to transfer her credit card balance over to a new card. She has an existing balance of $752.69. Her current card charges her a transfer fee of 12.5%, added to her balance, for transferring her debt. The new card has an opening fee of $50, which is also added to her balance. She will also have to make an immediate minimum payment, which is 3.35% of her total balance. How much will her balance be after she makes this payment, assuming that she pays the minimum amount? Round all dollar values to the nearest cent.a.$866.74b.$868.40c.$818.41d.$926.82

The following statement is from the contract Peter signed with his Homeowner's Association (HOA). "Overnight parking on community streets is prohibited. For the purpose of this contract, 'overnight' will be defined as the hours between 11:00 p.m. and 4:00 a.m. The HOA will monitor overnight parking not less than once every calendar week with nightly patrols by community security. "In the event a car is found parked on community streets overnight and that ownership of the offending car can accurately be verified as a community homeowner, the homeowner will receive one (1) written warning asking him or her to correct the situation. A second and third infraction by the same homeowner, whether or not it is with the same car, will result in a monetary fine as permitted by CC&R guidelines and HOA bylaws. Further infractions (past 3) will result in monetary fines in addition to the towing of the car at the homeowner's expense."Because of the extremely low ground effects and body profile on his racing car, Peter is unable to drive his car off of the street and onto the driveway. He has parked on the street overnight for the past five weeks. He has received one written warning and one monetary fine from the HOA. What consequences should Peter expect after this week's security check?a.His car will be towed.b.He will receive another monetary fine.c.He will receive a monetary fine and his car will be towed.d.A "boot" will be place on his car to prevent him from driving it.

Radwyn Horticulture is a company which focuses upon selling saplings. The company can grow a sapling for $15.45, and can sell that sapling for $36.50. There are three main salespeople at Radwyn Horticulture, each of whom earns a different commission per sapling sold, as shown in the table below. Salesperson Commission/Sale Lara $8.15 Ian $11.25 Ari $8.90 Radwyn Horticulture’s fixed overhead expenses last month came to $7,699.45. It is known that one salesperson sold 191 saplings, one salesperson sold 245 saplings, and one salesperson sold 221 saplings. Which arrangement of sales would cause Radwyn Horticulture to break even? a. Lara sells 221 saplings; Ian sells 191 saplings; Ari sells 245 saplings b. Lara sells 221 saplings; Ian sells 245 saplings, Ari sells 191 saplings c. Lara sells 191 saplings; Ian sells 221 saplings, Ari sells 245 saplings d. Lara sells 191 saplings; Ian sells 245 saplings, Ari sells 221 saplings Please select the best answer from the choices provided

Shaquil needs to borrow $400. The loan company charges him $80 in fees for the loan. Shaquil calculates that the annual percentage rate (APR) on his loan is 250%. Approximately what is the term of Shaquil’s loan?a.7 daysb.29 daysc.46 daysd.73 days