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Test Bank for Contemporary Business Mathematics with Canadian Applications, 13th Edition by Sieg A. Hummelbrunner Kelly Halliday Ali R. Hassanlou Chapter 1-16 $18.48
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Test Bank for Contemporary Business Mathematics with Canadian Applications, 13th Edition by Sieg A. Hummelbrunner Kelly Halliday Ali R. Hassanlou Chapter 1-16

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Test Bank for Contemporary Business Mathematics with Canadian Applications, 13th Edition by Sieg A. Hummelbrunner Kelly Halliday Ali R. Hassanlou Chapter 1-16

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  • August 31, 2024
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TEST BANK
Asifa Aamir
Ontario Tech University



Contemporary Business Mathematics
with Canadian Applications
Thirteenth Edition

S. A. Hummelbrunner
Kelly Halliday
Georgian College

Ali R. Hassanlou
Kwantlen Polytechnic University




ISBN 978-0-13-789687-5

, Contents
PART ONE Mathematics Fundamentals and Business Applications

Chapter 1: Review of Arithmetic

Chapter 2: Review of Basic Algebra

Chapter 3: Ratio, Proportion, and Percent

Chapter 4: Linear Systems

PART TWO Mathematics of Business and Management

Chapter 5: Cost-Volume-Profit Analysis and Break-Even

Chapter 6: Trade Discounts, Cash Discounts, Markup, and Markdown

Chapter 7: Simple Interest

Chapter 8: Simple Interest Applications

PART THREE Mathematics of Finance and Investment

Chapter 9: Compound Interest—Future Value and Present Value

Chapter 10: Compound Interest—Further Topics

Chapter 11: Ordinary Simple Annuities

Chapter 12: Ordinary General Annuities

Chapter 13: Annuities Due, Deferred Annuities, and Perpetuities

Chapter 14: Amortization of Loans, Including Residential Mortgages

Chapter 15: Bond Valuation and Sinking Funds

Chapter 16: Investment Decision Applications




ii

,Chapter 1 Review of Arithmetic

1.1 Basics of Arithmetic

1.1.1 Section Exercises

1) Simplify: (28 - 4)/3
Answer: (28 - 4)/3 = 24/3 = 8
Diff: 1 Type: SA
Topic: 1.1 Basics of Arithmetic
Objective: 1-1: Simplify arithmetic expressions using the basic order of operations.

2) Simplify: 8 + 6 ∗ 2
Answer: 8 + 12 = 20
Diff: 1 Type: SA
Topic: 1.1 Basics of Arithmetic
Objective: 1-1: Simplify arithmetic expressions using the basic order of operations.

3) Simplify: 5(4 + 3)
Answer: 5 ∗ 7 = 35
Diff: 1 Type: SA
Topic: 1.1 Basics of Arithmetic
Objective: 1-1: Simplify arithmetic expressions using the basic order of operations.


4) Simplify:

Answer: 5/20 = .25
Diff: 1 Type: SA
Topic: 1.1 Basics of Arithmetic
Objective: 1-1: Simplify arithmetic expressions using the basic order of operations.


5) Simplify:

Answer: 40/20 = 2
Diff: 1 Type: SA
Topic: 1.1 Basics of Arithmetic
Objective: 1-1: Simplify arithmetic expressions using the basic order of operations.

6) Simplify: 9(8 - 5) + 5(6 + 4)
Answer: 9 ∗ 3 + 5 ∗ 10 = 27 + 50 = 77
Diff: 1 Type: SA
Topic: 1.1 Basics of Arithmetic
Objective: 1-1: Simplify arithmetic expressions using the basic order of operations.


7) Evaluate:

Answer: 268/(4400 ∗ .4262295) = 268/1875.4098 = .1429021
Diff: 2 Type: SA
Topic: 1.1 Basics of Arithmetic
Objective: 1-1: Simplify arithmetic expressions using the basic order of operations.

8) Evaluate and round to 3 decimal places: 125(6 + 0.35 ∗ 142/678)
Answer: 125 ∗ (6 + 0.35 ∗ 0.2094395) = 125 ∗ (6 + 0.0733038) = 125 ∗ (6.0733038) = 759.163
Diff: 2 Type: SA

, Topic: 1.1 Basics of Arithmetic
Objective: 1-1: Simplify arithmetic expressions using the basic order of operations.

9) Evaluate: 400(1 + .10 ∗ 100/365)
Answer: 400 ∗ (1 + .10 ∗ .2739726) = 400 ∗ (1 + .02739726) = 400 ∗ (1.02739726) = 410.959
Diff: 2 Type: SA
Topic: 1.1 Basics of Arithmetic
Objective: 1-1: Simplify arithmetic expressions using the basic order of operations.

10) Evaluate and round to one decimal place: 9210(5 - 1.38 ∗ 169/420)
Answer: 9210 ∗ (5 - 1.38 ∗ 0.40238095) = 9210 ∗ (5 - 0.5552857) = 9210(4.444714) = 40,935.8
Diff: 2 Type: SA
Topic: 1.1 Basics of Arithmetic
Objective: 1-1: Simplify arithmetic expressions using the basic order of operations.


11) Simplify: 6 + -4

A) 46
B) 18
C) 24
D) 4
E) 8
Answer: D
Diff: 1 Type: MC
Topic: 1.1 Basics of Arithmetic
Objective: 1-1: Simplify arithmetic expressions using the basic order of operations.


12) Simplify: 10 + -5

A) 2
B) 5
C) 55
D) 7.5
E) 8
Answer: B
Diff: 1 Type: MC
Topic: 1.1 Basics of Arithmetic
Objective: 1-1: Simplify arithmetic expressions using the basic order of operations.

13) Calculate the final answer for the following expression:
(53 + 22) ÷ 20
A) 5.45
B) 4.45
C) 6.45
D) 7.45
E) 9.45
Answer: C
Diff: 1 Type: MC
Topic: 1.1 Basics of Arithmetic
Objective: 1-1: Simplify arithmetic expressions using the basic order of operations.

14) Simplify the following:

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