Exam 1: Review and Applications of Basic Mathematics

Evaluate 8 - 4 × (2 - 3) =

Evaluate the following: 5 - (2 - 4)² + 2³ - 4²

The value of 6[(22 + (5² - 12)³]² is $78,678

M Studios (Quebec) had retail sales of $293,635.25, including PST and GST, for the last quarter. In the same period M Studios purchased $250,000 worth of supplies and paid the GST on these goods. What GST must be remitted by M Studios (or refunded) for the last quarter?

Evaluate the answer correct to the cent: $\frac{\$ 2500}{1+0.06 \times \frac{8}{12}}$

24% of what amount is $162?

Calculate next year's mill rate.

The value of [(30 + 7 × 4) - 9 × -5] ¸ - 3 is 34.33

Renalda sold Westel stock that she purchased at $2.20 per share one year ago for 135% of the original price. At what price did she sell the stock?

Evaluate the following accurate to the nearest cent: $\frac{\$ 350}{\frac{0.0975}{12}}\left[1-\frac{1}{\left(1+\frac{0.0975}{12}\right)^{5}}\right]$

Evaluate the following: $\$ 885.75\left(1+0.0775 \times \frac{231}{365}\right)-\frac{\$ 476.50}{1+0.0775 \times \frac{49}{365}}$

Evaluate

The following fraction has a terminating decimal equivalent form. Express its decimal and percent equivalent forms to five-figure accuracy: $\frac{1000}{25}$

500 grams is what percent of 2.8 kilograms accurate to three significant figures?

Evaluate the following to the correct cent: $\$ 1137\left(1+\frac{0.0975}{12}\right)^{2}+\frac{\$ 2643}{\left(1+\frac{0.0975}{12}\right)^{3}}$

Evaluate: $\$ 500\left[\frac{(1+0.04)^{6}-1}{0.04}\right]$

Evaluate the following accurate to the nearest cent: $\frac{\$ 10.000}{1-0.10 \times \frac{182}{365}}$

Johnston Distributing, Inc. files quarterly GST returns. The purchases on which it paid the GST and the sales on which it collected the GST for the last four quarters were as follows: Calculate the GST remittance or refund due for each quarter.

One of the methods permitted by Generally Accepted Accounting Principles for reporting the value of a firm's inventory is weighted-average inventory pricing. The Boswell Corporation began its fiscal year with an inventory of 156 units valued at $10.55 per unit. During the year it made the purchases listed in the following table. At the end of the year, 239 units remained in inventory. Determine: a) The weighted-average cost of the units purchased during the year. b) The weighted-average cost of the beginning inventory and all units purchased during the year. c) The value of the ending inventory based on the weighted-average cost calculated in b.

A piece of property valued at $2,000,000 is assessed for property tax purposes at 70% of its value. If the property tax is $20.00 on each $1,000.00 of assessed value, what is the amount of tax?