An mp3 player is on sale for 30% off the regular price of $39.98. How much is the discount?
Marco is reconstructing his expenses for the past two weeks. Here are the records of his expenses:TransactionCost ($)T-shirt20Gas22Movie13Video game39Jeans34Hat15Books31Marco’s bank statement says that he has an ending balance of $81. What is Marco’s starting balance?
Given the following information, choose the brand that is the better buy.Brand A: $2.16 for 18 ounces Brand B: $1.50 for 12 ounces Brand C: $2.26 for 20 ounces Brand D: $1.95 for 16 ounces
Analyze the following budget, with an income of $750, to determine how much can be spent on food for the month. Month________Budgeted AmountFood$___Personal Items$20Cell Phone $75Entertainment$85Car Expenses – Gas, Insurance$260College Savings$250
Use mental math to approximate what a 15% tip would be for a bill of $31.99.
Vera orders some prints of photos that she uploaded to her computer. She orders 3 of the 5 x 7 prints for $0.89 each, 12 of the 4 x 6 prints for $0.15 each and 1 of the 8 x 10 prints for $2.99. She also orders a photo album for $8.69. Vera pays taxes that are 7% of the total purchase price. Her shipping charges are based on the following table:Amount of PurchaseStandard ShippingExpress Shippingup to $20free$3.50$50 up to $100$6.35$8.20$100 up to $200$7.80$11.60$200 and over$10.50$16.45Vera selects standard shipping and the company bills her credit card $20.78 for the total of the online purchase. Determine if Vera has been billed correctly for her purchase.
Analyze the following budget, with an income of $750, to determine how much can be spent on food for the month. Month________Budgeted AmountFood$___Personal Items$20Cell Phone $75Entertainment$85Car Expenses – Gas, Insurance$260College Savings$250
Sammy makes $2362/month as a baseball coach. He is making a budget, and has made the following chart in order to divide his monthly paycheck into his accounts: Expense type Frequency Account Monthly amount Items Essential (fixed) Monthly Checking $1292 Rent, car, insurance Essential (variable) Monthly Checking $420 Basic groceries, telephone, electricity, cable TV, batting practice. Non-essential Monthly Cash $260 Snack items, restaurants, gifts, movies. Other (predictable) Annual Emergency savings $130 Health exams, clothing, food, baseball coach magazine. Other (unpredictable) Annual Emergency savings $210 Non-insured healthcare, repairs, and income replacement. Other (long-term) 5 years Vacation savings $50 Vacation. Total $2362 Sammy has included a total row to help make sure that his paycheck can be divided to make deposits into these 4 accounts. If there were any extra, then he would increase one or all of the deposits. If there were not enough, he would decrease one or all of the deposits. Explain how Sammy calculated his total amount deposited.
Sammy calculated the total by adding all six monthly allocations: $1,292 + $420 + $260 + $130 + $210 + $50 = $2,362. The four account deposits are $1,712 to checking, $260 in cash, $340 to emergency savings, and $50 to vacation savings. These deposits equal his entire monthly paycheck, so there is no extra amount to allocate or reduce.
Antonio is ready to move out of his parent's house and live on his own. He found a great apartment that has all utilities included. His job as an assistant plumber requires him to have a car, but his hours are flexible enough to give him time on the weekends to have fun with his friends. What is the best way Antonio's budget can be modified to help him save enough for the $200 down payment and make the $500 monthly rental payment? Monthly Budget Old Budget New Budget Income Wages $1500 $1500 Expenses Food Cell Phone Savings Entertainment Car Expenses . $250 $175 $200 $200 $300 . $____ $____ $____ $____ $____ Net Income $375 $____
Rogério, a graphic artist, after paying all the expenses in his monthly budget, has a monthly net cash flow of $248. He has decided to add monthly savings to his budget in order to cover his health insurance co-pays and other expenses that come at odd times as listed below:Predictable ExpenseAmountMedical exams, lab co-pays, health insurance co-pays$640 every yearAuto maintenance$35 per quarterAuto registration$225 per yearIf Rogério leaves the cash flow in the checking account for all needs that arise, he runs the risk of not having the money for these very important future expenses. He has decided to make an automatic monthly transfer from his checking account to his savings accounts to cover these other predictable expenses.How can he divide these future expenses into a monthly deposit that can be added to his monthly budget. How much will be left over each month that can be deposited into a general emergency fund?
Enzel goes online to buy a graphing calculator. He finds a site that currently has a promotion of 15% off on all orders over $50. Enzel decides to buy his graphing calculator, with a price tag of $83, at this site because he knows that he will get the 15% discount when he checks out. Enzel pays 4.5% sales tax on the discounted price and pays a shipping fee of $6.35. What is the total of Enzel’s online purchase?
The following list shows the items and prices for a restaurant order. Calculate the total amount if there is an 8% tax and the customer leaves a 20% gratuity.1 appetizer: $8.592 entrees: $15.99 each1 dessert: $4.692 drinks: $2.10 each
Rogério, a graphic artist, after paying all the expenses in his monthly budget, has a monthly net cash flow of $248. He has decided to add monthly savings to his budget in order to cover his health insurance co-pays and other expenses that come at odd times as listed below:Predictable ExpenseAmountMedical exams, lab co-pays, health insurance co-pays$640 every yearAuto maintenance$35 per quarterAuto registration$225 per yearIf Rogério leaves the cash flow in the checking account for all needs that arise, he runs the risk of not having the money for these very important future expenses. He has decided to make an automatic monthly transfer from his checking account to his savings accounts to cover these other predictable expenses.How can he divide these future expenses into a monthly deposit that can be added to his monthly budget. How much will be left over each month that can be deposited into a general emergency fund?
Four different stores have the same watch on sale. The original price and discounts offered by each store are listed below. Rank the stores from the cheapest to most expensive sale price of the watch.Store A: price $129.99 and discount of 25%Store B: price $119.99 and discount of 15%Store C: price $115.99 and successive discounts of 5% and 5%Store D: price $109.99 and discount of 10%
Explain why you would want to keep some, but not all, receipts as part of your financial records.
Kelly is reconstructing her expenses for the past two weeks. Here are the records of her expenses:TransactionCost ($)Camera164Film21Hiking boots113First aid kit12Radio27Overcoat55Tent86Kelly’s bank statement says that she has an ending balance of $349. What is Kelly’s starting balance?
Katie keeps a record of her transactions in a notebook. Looking over her records for the past two weeks, Katie finds that her bank statement does not match her notebook, and she actually has more money than she thought she did. These are the relevant entries in Katie’s notebook:TransactionDebit ($)Credit ($)Beginning Balance 889.23Fence repair75.86---Dry cleaning32.38---Paycheck---140.91Gift from cousin---35.00Car payment178.66---Tax refund---66.18New chair161.55---Ending Balance 682.87However, Katie’s bank statement says that her ending balance is $707.10. Which of the following is a possible explanation for the discrepancy?
Describe the key features of a financial record keeping system.
Maddox wants to go back to college full-time. His current employer has agreed to reduce his hours from 40 hours to 25 hours while retaining his current rate of pay. Maddox has lived in his own apartment for 1 year and really likes his independence. Which of the following budgets below would fit his new situation? Monthly Budget Current Amount Income Wages $1760 Expenses - Rent Utilities Food Gym Membership Entertainment Savings Clothes Cell Phone Car Expenses $350 $100 $220 $45 $225 $200 $175 $100 $300 Net Income $45 Monthly Budget Modified Budget A Modified Budget B Modified Budget C Modified Budget D Income Wages $1100 $1600 $1600 $1100 Expenses - Rent Utilities Food Gym Membership Entertainment Savings Clothes Cell Phone Car Expenses $350 $100 $120 $0 $20 $50 $30 $100 $300 $350 $100 $120 $0 $20 $50 $30 $100 $300 $350 $100 $220 $45 $225 $200 $175 $100 $300 $350 $100 $220 $45 $220 $150 $130 $100 $300 Net Income $30 $530 -$115 -$515
Successive discounts of 20% and 10% are taken on an item priced at $16. Describe how to find the sale price of the item and give the sale price.
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