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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€18,15
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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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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.
, 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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