Questions from Financial Algebra


Q: Shyla will be driving through South Africa. She has found that

Shyla will be driving through South Africa. She has found that the average price of gas in Johannesburg is about $0.82 South African rands per liter. 1 USD ≈ 1.37 Canadian dollars (CAD) 1 USD ≈ 113.5...

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Q: The Shah family uses the average of 6 months as their budget

The Shah family uses the average of 6 months as their budget starting point in each category. Find each average.

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Q: The Shahs (from Exercise 2) decided they would not use

The Shahs (from Exercise 2) decided they would not use the September amounts, when they were on vacation, nor the December amounts, when cousins stayed with them. Assume the chart is a spreadsheet wit...

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Q: How can ▲0.04 be interpreted? /

How can â–²0.04 be interpreted?

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Q: Bob is retired and owns a home. See his assets and

Bob is retired and owns a home. See his assets and liabilities in the box shown. a. Calculate Bob’s net worth. b. Two years ago, Bob’s net worth was $650,000. L...

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Q: The Mountain View Consumer Counseling Service suggests that the monthly food budget

The Mountain View Consumer Counseling Service suggests that the monthly food budget be no more than 15–30% of income. a. What is Laura’s total monthly food bill...

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Q: Examine Laura’s non-monthly expenses. /

Examine Laura’s non-monthly expenses. a. Which month has the greatest expenses? b. How might Laura prepare for those expenses?

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Q: Use a cash flow analysis worksheet or spreadsheet to construct a cash

Use a cash flow analysis worksheet or spreadsheet to construct a cash flow plan for Laura. What is her monthly cash flow?

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Q: Create a frequency budget for Laura as on page 694. Although

Create a frequency budget for Laura as on page 694. Although her food, fuel, dining-out, and entertainment expenses were listed monthly in her financial report, they should be considered w...

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Q: Create a spreadsheet for the frequency budget in Exercise 8.

Create a spreadsheet for the frequency budget in Exercise 8.

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