Ch 11 Test 2024

Last updated about 1 year ago
24 questions
1

The Padilla’s old washer cost them $528 per year to run. The new one they purchased for $712 will save them 18% annually in energy costs to run it. In how many years will it pay for itself? Round up to the nearest year.

1
Draggable itemCorresponding Item
Asset
What you own
net worth
what you owe
Liability
the movement of money
cash flow
the difference between your assets and liabilities
kWh
the measurement of electricity
1

Andrew plays x box 6 hours a day 5 days a week during his Thanksgiving break and uses 2,000 watts each hour. If a kilowatt costs $0.42 per hour, how much does Andrew’s mom spend?

1

Direct TV charges the Jackson family $55 for internet, $31 for their landline, and $80 for basic cable with Cinemax. They have a new package for all three for $105. What is the percent savings? (Round to the nearest tenth of a percent)

1

The Reyna family has a monthly income of $6,300. How much do they spend on transport?


1

The Ramos family has a monthly income of $2,900. How much do they spend on medical care?


1

TJ's July water bill listed two-meter readings. The previous reading was 1,431 ccf and the present reading is 1,984 ccf. The city charges $.78 per ccf. What is the amount for their bill?

1

If this family's income was $6,700, what percent is spent on mortgage or rent? Round to the nearest percent.

1

The Rain family uses $450 for hobby, recreation. What is their total budget?


1

The water bill came to your house and the previous reading was 7,720 ccf and the new reading was 9,921 ccf. They charge $.61 ccf and said your bill was $1,081.62. Is this amount true?

1


What items did this individual not budget enough for? List them

1


What items did this individual budget too much money for? List them.

1

Your total monthly debt is $2,105 and your gross income is $4,900. What is your debt-to-income ratio (in whole percent)?

1

Mrs. Fusi's electric bill for last year was $5,472. If she switched to balance billing, what would her payment be? Round to the nearest cent.

1

Deven used 8,485 kWh of electricity last summer and she was charged $2,121.55. What was he charged per kilowatt-hour of electricity? Round to the nearest cent.

1



The picture shows your new bill reading. Your previous reading was 7,498 ccf. If your company charges $.21 per ccf then what was your new bill?

1

What is your debt to income ratio to the nearest tenth percent (one decimal place)?

1

The items on the left are the assets and the items on the right are liabilities. What is this person's net worth?

1

Total income?

1

Total fixed expenses?

1

Total Variable expenses?

1

total non monthly expenses (per month)?

1

Total expenses?

1

Monthly cash flow?