Practice Exam Answers

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A neighborhood sports store has two popular running shoes on sale. Shoe A, originally priced at $⁢84 , comes with a 10 percent discount. Shoe B, originally priced at $⁢92 , has a 20 percent discount. After the discounts, which shoe costs less?

A
Shoe A will cost 8 point 4 0 dollars less than Shoe B.
B
Shoe B will cost 0 point 6 0 dollars less than Shoe A.
C
Shoe B will cost 2 point 0 0 dollars less than Shoe A.
D
Shoe A will cost 2 point 0 0 dollars less than Shoe B.
45

What is the least observed driver behavior in rural areas as shown in the segmented bar graph?

A
wearing a seat belt
B
eating while driving
C
using a phone
D
speed compliance
46

Which disadvantage must Emma consider if choosing to finance the car?

A
Lower initial purchase cost.
B
Potential for high cumulative interest costs after the promotional period.
C
Quick payoff of the vehicle.
D
Increased cash reserves.
48

After entering values for D2, D3, C3, and C4, how can you determine the values for B2, B3, C2, and B4?

A
Directly enter the remaining values based on known percentages.
B
Calculate C4 minus C3 to find C2, then use the total in D2 and D3 to back-calculate B2 and B3, and finally sum B2 and B3 for B4.
C
Sum D2 and D3 and use this to calculate B2 and B3.
D
Use the total in D2 and D3 to back-calculate B2 and B3, then sum B2 and B3 for B4.

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Practice Exam Answers — Advanced Financial…