Chapter 11 Test 2025

Last updated about 1 month ago
24 questions
1

The Ronald family has a monthly income of $6,400. How much do they spend on travel per month?


1

The Padillas’ old washer cost them $520 per year to run. The new one they purchased for $710 will save them 20% annually on energy costs. In how many years will it pay for itself? Round up to the nearest year.

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

Andrew plays Xbox for 9 hours a day, 6 days a week, during his Thanksgiving break, and uses 1,800 watts per hour. If a kilowatt costs $0.42 per hour, how much does Andrew’s mom spend? Round to the nearest cent.

1

DirecTV charges the Jackson family $55 for internet, $20 for their landline, and $78 for basic cable with HBO. They have a new package for all three for $115. What is the percent savings? Round to the nearest whole percent.

1

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


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

TJ's July water bill listed two-meter readings. The previous reading was 2,540 ccf, and the present reading is 2,968 ccf. The city charges $.94 per ccf. What is the amount for their bill?

1

If this family's income was $6,300, 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


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 $4,817, and your gross income is $5,600. What is your debt-to-income ratio (in whole percent)?

1



The picture shows your new bill reading. Your previous reading was 7,518 ccf. If your company charges $.27 per ccf, then what was your new bill?

1

Mrs. Fusi's electric bill for last year was $6,470. What would her payment be if she changed to balance billing? Round to the nearest cent.

1

Deven used 4,987 kWh of electricity last summer, and she was charged $1,515.89. What was she charged per kilowatt-hour of electricity? Round to the nearest cent.

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)? to the nearest cent

1

Total expenses?

1

Monthly cash flow?