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Laabri

Chapter 11 Test 2024

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Last updated almost 2 years ago
24 Nsɛmmisa
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Asemmisa {{asɛmmisaAhyɛnsode}}
1.

The Padilla’s old washer cost them $516 per year to run. The new one they purchased for $745 will save them 15% annually in energy costs to run it. In how many years will it pay for itself? Round up to the nearest year.

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2.
Draggable itemarrow_right_altCorresponding Item

Liability

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What you own

cash flow

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what you owe

net worth

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the movement of money

kWh

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the difference between your assets and liabilities

Asset

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the measurement of electricity

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3.

Andrew plays x box 7 hours a day 6 days a week during his Thanksgiving break and uses 1,800 watts each hour. If a kilowatt costs $0.42 per hour, how much does Andrew’s mom spend? Round to the nearest cent.

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4.

Direct TV charges the Jackson family $50 for internet, $20 for their landline, and $78 for basic cable with HBO. They have a new package for all three for $110. What is the percent savings? Round to the nearest whole percent.

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5.

The Ronald family has a monthly income of $5,400. How much do they spend on travel per month?

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6.

The Ramos family has a monthly income of $3,700. How much do they spend on household expenses?

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7.

TJ's July water bill listed two-meter readings. The previous reading was 2,541 ccf and the present reading is 2,965 ccf. The city charges $.74 per ccf. What is the amount for their bill?

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8.

If this family's income was $5,900, what percent is spent on mortgage or rent? (round to the nearest tenth of a percent)

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9.

The Rain family uses $735 for transport. What is their total budget?

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10.

The water bill came to your house and the previous reading was 7,680 ccf and the new reading was 8,789 ccf. They charged $.61 ccf and said your bill was $676.49. Is this amount true or false?

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11.

What items did this individual budget exactly for? List the expenses.

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12.

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

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13.

Your total monthly debt is $4,789 and your gross income is $5,400. What is your debt-to-income ratio (in whole percent)?

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14.

Mrs. Fusi's electric bill for last year was $5,870. What would her payment be if she changed to balance billing? Round to the nearest cent.

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15.

Deven used 4,896 kWh of electricity last summer and she was charged $1,715.89. What was she charged per kilowatt-hour of electricity? Round to the nearest cent.

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16.

The picture shows your new bill reading. Your previous reading was 7,348 ccf. If your company charges $.24 per ccf then what was your new bill?

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17.

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

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18.

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

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19.

Total income?

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20.

Total fixed expenses?

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21.

Total Variable expenses?

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22.

total non monthly expenses (per month)? to the nearest cent

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23.

Total expenses?

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24.

Monthly cash flow?