Chapter 11 Test 2024

Last updated about 1 year ago
24 questions
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.

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

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.

1

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.

1

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


1

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


1

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?

1

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

1

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


1

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?

1


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

1


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

1

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

1

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.

1

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.

1



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?

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?

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Total Variable expenses?

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

1

Total expenses?

1

Monthly cash flow?