Exam 1: Review and Applications of Basic Mathematics

Evaluate the following: -

Alihan's transcript shows the following academic record for four semesters of part-time college studies. Calculate his cumulative GPA at the end of his fourth semester.

Marion receives a monthly base salary of $1000. On the first $10,000 of sales above her monthly quota of $20,000, she is paid a commission of 8%. On any additional sales, the commission rate is 10%. What were her gross earnings for the month of August, in which she had sales amounting to $38,670?

Sawchuk's Home and Garden Centre files monthly GST returns. The purchases on which it paid the GST and the sales on which it collected the GST for the last four months were as follows: Calculate the GST remittance or refund due for each month.

Evaluate the following: -

Calculate the price including both GST and PST, that an individual will pay for a car sold for $26,995.00 in Manitoba (Assume GST = 5% and PST = 7%)

of $1500 is what amount accurate to the cent?

What percent of $6.39 is $16.39?

Convert the following fraction to its decimal equivalent and percent equivalent values, rounded to five figures:

Evaluate

When a company calculates its earnings per common share for its financial statements, it uses the weighted-average number of common shares outstanding during the year. Enertec Corp. began its fiscal year (January 1 to December 31) with 5 million common shares outstanding. Additional common shares were issued during the year as indicated in the following table. What was average number of common shares outstanding during the year? (Assume that each month has the same length.)

The following fraction has a terminating decimal equivalent form. Express its decimal and percent equivalent forms to five-figure accuracy:

Convert the following to its decimal and percent equivalents: -

Through a calculation (on Canadian Individual Tax Returns) known as the "Old Age Security clawback," an individual receiving Old Age Security (OAS) benefits must repay an increasing proportion of these benefits to the federal government as the individual's net income rises beyond a certain threshold. If the OAS clawback is 15% of net income exceeding $68,000, at what amount of net income must a taxpayer repay all $6300 of OAS benefits received in the year?

Evaluate

A homeowner's tax statement lists the following mill rates for various municipal services: The homeowner paid $3937.50 in property taxes last year. What is the assessed value of his property?

Evaluate the answer correct to the cent: -

Ms. Yong invested a total of $73,400 in three mutual funds as shown in the table below. The third column shows the change in value of each fund during the subsequent six months. What was the percent change in value of Ms. Yong's overall mutual fund portfolio during the six-month holding period?

Evaluate (8 - 5 ÷ 2) ÷ (12 × 3 - 6) =

Evaluate the following: (20 - 4) × 2 - 8