Questions from Financial Algebra

Q: Jessica’s financial advisor believes she should spend no more than 28%

Jessica’s financial advisor believes she should spend no more than 28% of her gross monthly income for her rent. She has determined that amount is $1,400 per month. Based on this amount and her adviso...

Q: Abe makes $18.50 per hour. He works 37

Abe makes $18.50 per hour. He works 37 hours a week. He pays 23% of his gross earnings in federal and state taxes and saves 5% of his monthly gross income. He is considering renting an apartment that...

Q: Rachel is considering moving into a one-bedroom apartment in Glen

Rachel is considering moving into a one-bedroom apartment in Glen Gardens. The apartment has a monthly rent of $1,300. Here are the fees that she has been quoted. How much is she expected to pay up fr...

Q: Milena has a gross biweekly income of $2,200.

Milena has a gross biweekly income of $2,200. She pays 18% in federal and state taxes, puts aside 10% of her income to pay off her school loan, and puts 5% of her income aside for savings. She is cons...

Q: A moving helper company gave Mike these two quotes. Use a

A moving helper company gave Mike these two quotes. Use a system of equations to determine the hourly rates for loading/unloading and packing/ unpacking.

Q: Kristy owns 200 shares of Nortel stock. On November 30,

Kristy owns 200 shares of Nortel stock. On November 30, the company instituted a 1-for-10 reverse split. The pre-split price per share was $2.15. The number of shares outstanding before the split was...

Q: Jaden received these two estimates from a moving company. Write and

Jaden received these two estimates from a moving company. Write and solve a system of equations to determine the hourly loading/unloading fee and the mileage charge for the truck rental. Situation A:...

Q: Ann obtained this list of apartments. a. Use linear

Ann obtained this list of apartments. a. Use linear regression analysis to determine if there is a correlation between the square footage and the monthly rent. b. Determine the regression equation....

Q: What do you think Thomas Edison meant by the word perspiration?

What do you think Thomas Edison meant by the word perspiration? How do those words apply to what you’ve learned about businesses in this lesson?

Q: The top x shareholders in a corporation each own y shares of

The top x shareholders in a corporation each own y shares of a certain stock. The corporation’s ownership is represented by a total of w shares of stock. Express the percent of the corporation owned b...