10 question for QRB 501

timer Asked: Apr 25th, 2017

Question description

QRB/501 Quantitative Reasoning for Business

Instructions 1. You have ten problems - one on each tab of this Excel file. 2. Please show your work in the cells. Use Excel formulas instead of writing the values/answers directly in the cell. The instructor will then know where you made a mistake and provide you valuable feedback and partial credit (if 3. The grey cells are data values which are given (known values). The yellow cells are unknowns and have to be dete Total Points: 6 e feedback and partial credit (if appropriate). A scale drawing of an office building is not labeled, but indicates 0.25 inch = 5 feet. On the drawing, one wall measures 2 inches. How long is the actual wall? Inches Feet 0,25 2 5 =A6*B5/A5 Refer to the Solved Example 5 on Page 166 of your text. Marcus James purchased 2,500 pounds of produce. Records indicate he purchased 800 pounds of potatoes, 150 pounds of broccoli, and 390 pounds of tomatoes. He also purchased apples. How many pounds of apples did he purchase? Total produce Potatoes Broccoli Tomatoes Apples pounds pounds pounds pounds pounds =C5-C6-C7-C8 Refer to the Solved Example 1 on Page 163 of your text. nds of potatoes, pounds of apples The formula for the installment price of an item purchased with financing is Installment price = Total of installment p The formula can be written in symbols as I = T + D. Part a Find the installment price I if T = $24,846.38 and D = $2,500. Installment Price (I) Part b + + Down Payment (D) Find the down payment for an installment loan if the installment price is $13,846.76 and the total of instal Installment Price (I) Part c = = Total Installment Payments (T) = = Total Installment Payments (T) + + Down Payment (D) Find the total installment payments if I = $6,508.72 and D = $2,250. Installment Price (I) = = Total Installment Payments (T) + + Down Payment (D) = Total of installment payments + Down payment. 6 and the total of installment payments is $10,673.26. Wallpaper costs $12.97 per roll and a kitchen requires 9 rolls. What is the cost of the wallpaper needed to paper the k Cost Total rolls needed Total cost to paper kitchen per roll =Cost*Total rolls needed er needed to paper the kitchen? Wilson’s Auto, Inc., has 37 employees and a weekly payroll of $10,878. If each employee makes the same amount, how much does each make? Total no. of employees Total weekly payroll Earnings per employee =Total weekly payroll/Total no. of employees Jacob Kennedy borrowed $30,000 to start up his consulting business. The loan had a simple interest rate of 6.2% for 3 years. Use the formula I = PRT to find the amount of interest he will pay on the loan. I = interest; P = principal; R = rate (expressed as a decimal 0.062); T = time in years Principal (P) Interest (R) Time (T) Simple Interest (I) years =P*R*T A car odometer increased from 37,580.3 to 42,719.6. What was the increase? New Value Original Value Amount of increase =New value - Original Value Absolute Change A number decreased from 486 to 104. Find the amount of decrease. New Value Original Value Amount of change =New value - Original Value Absolute Change A number increased from 224 to 336. Find the percent of increase. New Value Original Value Amount of increase Absolute Change Percentage increase =Absolute Change/Original Value Relative Change A number decreased from 250 to 195. Find the rate of decrease. New Value Original Value Amount of change Absolute Change Percentage change =Absolute Change/Original Value Relative Change

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