Question: St. Lawrence Bus Lines is offered a

> Ivory hand soap is advertised as being 99 44 100 % pure. (It floats!) How many milligrams of impurities are in a 150-g bar of Ivory soap?

> In the month of December, Bernie’s Bargain Barn had sales of $9820 in their clothing department, $4025 in their shoe department, and $1830 in accessories. If 17% of the merchandise purchased from the clothing department was returned, 8% from the shoe dep

> Your regular workweek is 7.5 hours per day for five days. If you do not work on seven public holidays and you receive two weeks of vacation, what percentage of the total hours in a year are you actually at work? Assume that a year has exactly 52 weeks.

> If the royalty rate performing artists receive from songs downloaded from Apple iTunes is 5.7%, and a band received royalties from Apple of $99,736.41 for a year, how many song downloads at $0.99 each did the band have for that year?

> Unusually high snowfall during the past winter resulted in Brockton’s costs for snow ploughing and removal to reach $320,200. This represents 127% of its budgeted cost. Rounded to the nearest $100, what amount did Brockton budget for snow clearance?

> Machine A costs $40,000 and is forecast to generate an annual profit of $15,000 for four years. Machine B, priced at $60,000, will produce the same annual profits for eight years. The trade-in value of A after four years is expected to be $10,000, and th

> A provincial minister of education recently announced that his government’s forecast expenditure of $2.68 billion on education next year represents 23.5% of the provincial budget. Rounded to the nearest million dollars, what is the province’s total budge

> A 540-mL can of K-9 Diet dog food contains 28% protein, 15.5% fat, and 6% fibre. 1. How many millilitres of other ingredients are there in the can? 2. The recommended serving for a small dog is 5 8 of a can. How many millilitres of protein are in one sma

> In a one-month period, a convenience store had sales of $65,560 from its gas pumps and sales of $36,740 from other in-store products. What percent of total sales were from gasoline?

> Cecilia and Nathan estimate their total cost for a vacation in Australia to be $14,775. 1. What percentage is this cost of their combined gross monthly income of $8775? 2. If 72% of their gross monthly income is already consumed by rent, taxes, car payme

> $1.25 is 3 4 % of what amount?

> What percent is $1.50 of $11.50?

> $10 is 0.5% of what amount?

> 350% of what amount is $1000?

> $281.25 is 225% of what amount?

> 0.0505% of $50,000 is what amount?

> A proposed strip mine would require the investment of $3 million at the beginning of the first year and a further investment of $3 million at the end of the first year. Mining operations are expected to yield annual year-end profits of $1 million startin

> 130 1 2 % of $455 is what amount?

> $559.35 is 113% of what amount?

> $180 is 120% of what amount?

> 0.75% of $100 is what amount?

> How much is 1 2 % of $10?

> 500 g is what percent of 2.8 kg?

> Calculate 6. 6 ¯ % of $666.66.

> 30 m is what percent of 3 km?

> 8 1 3 % of what amount is $10?

> 95% of what amount is $100?

> The pro forma projections for growing a 20-hectare ginseng crop require the expenditure of $250,000 in the summer that the crop is planted, and an additional $50,000 in each of the next two summers to cultivate and fertilize the growing crop. After payme

> What percent of $590 is $950?

> What percent of $950 is $590?

> 12 3 4 % of what amount is $27.50?

> 7 1 2 % of what amount is $1.46?

> 0.58 3 ¯ % of $1500 is what amount?

> 150% of $60 is what amount?

> $1.34 is what percent of $655?

> Calculate 1.75% of $350.

> Broadway Mazda usually spends half as much on radio advertising as on newspaper advertising, and 60% as much on television advertising as on radio advertising. If next year’s total advertising budget is $160,000, how much (rounded to the nearest dollar)

> Classic Homes has found from experience that there should be 40% as many two-bedroom homes as three-bedroom homes in a subdivision, and twice as many two-bedroom homes as four-bedroom homes. How many homes of each type should Classic build in a new 96-ho

> An automotive parts plant is scheduled to be closed in 10 years. Nevertheless, its engineering department thinks that some investments in computer-controlled equipment can be justified by the savings in labour and energy costs within that time frame. The

> Alicia pays 38% income tax on any additional earnings. She has an opportunity to work overtime at 1.5 times her base wage of $23.50 per hour. Rounded to the nearest quarter hour, how much overtime must she work to earn enough money (after tax) to buy a c

> Econocar offers two plans for one-week rentals of a compact car. A rate of $295 per week includes the first 1000 km. Extra distance costs 15 cents per kilometre. A weekly rate of $389 allows unlimited driving. Rounded to the nearest kilometre, beyond wha

> A caterer has the following price structure for banquets. The first 20 meals are charged the basic price per meal. The next 20 meals are discounted by $2 each and all additional meals are each reduced by $3. If the total cost for 73 meals comes to $1686,

> A stockbroker’s commission on a transaction is 2.5% of the first $5000 of the transaction amount and 1.5% of the remainder. What was the amount of a transaction that generated a total commission of $227?

> The price tags in Angie’s Flower Shop include the 13% Harmonized Sales Tax (HST). How much HST will she report for a plant sold at $39.55?

> One hundred thousand dollars is to be distributed under a firm’s profit-sharing plan. Each of three managers is to receive 20% more than each of 26 production workers. How much will each manager and production worker receive?

> Fred has centralized the purchasing and record-keeping functions for his three pharmacies in a single office. The annual costs of the office are allocated to the three stores. The Hillside store is charged $1000 less than twice the charge to the Barnett

> To coordinate production in a three-stage manufacturing process, Stage B must be assigned 60% more workers than Stage A. Stage C requires three-quarters as many workers as Stage B. How should the site manager allocate 114 workers among the three stages?

> Mr. Parker structured his will so that each of his four children will receive half as much from the proceeds of his estate as his wife, and each of 13 grandchildren will receive one-third as much as each child. After his death, $759,000 remains after exp

> The tickets for a hockey game cost $19.00 for the blue section and $25.50 for the red section. If 4460 tickets were sold for a total of $93,450, how many seats were sold in each section?

> The retail price of a pair of skis consists of the wholesale cost to the retailer plus the retailer’s markup. If skis retailing for $712 are marked up by 60% of the wholesale cost, what is that wholesale cost?

> It takes 20 minutes of machine time to manufacture Product X and 30 minutes of machine time to manufacture Product Y. If the machine operated 47 hours last week to produce a combined total of 120 units of the two products, how many units of Y were manufa

> How many minutes is 12.5% of two hours?

> The annual net income of the SGR partnership is to be distributed so that Sven receives 30% less than George, and Robert receives 25% more than George. If the past year’s net income was $88,880, what amount should be allocated to each partner?

> 34 % of $ 133. 33 is what amount?

> What amount is 80% of $156.25?

> What amount is 62% of $99?

> Evaluate each of the following: a. 96 − (6 − 42) × 7 − 2 b. 81 ÷ (52 − 16) − 4(23 − 13) c. $ 827.69 1 + 0.125 × 273 365 + $ 531.49 ( 1 + 0.125 × 41 365 ) d. $ 550.45 ( 1 + 0.0875 × 195 365 ) − $376.29 1 + 0.0875 × 99 365 e. $ 1137 ( 1 + 0.0975 12 ) 2 + $

> Evaluate each of the following: a. (23 − 3)2 − 20 ÷ (2 + 23) b. (2 × 32 − 23)2 ÷ (10 − 4 × 5) c. $ 213.85 ( 1 − 0.095 × 512 ) d. $ 2315 1 + 0.0825 × 77 365 e. $ 325.75 ( 1 + 0.105 4 ) 2 f. $ 710 ( 1 + 0.0925 2 ) 3 g. $ 885.75 ( 1 + 0.0775 × 231 365 ) −

> A manufacturer’s sales rep can lease an automobile for five years at $385 per month payable at the beginning of each month, or purchase it for $22,500. He can obtain a loan at 9% compounded monthly to purchase the car. Should he lease or buy the car if:

> A company is considering two mutually exclusive investment projects. Each requires an initial investment of $25,000. Project A will generate an annual profit of $6000 for eight Page 637years and have a residual value of $5000. Project B’s profits are mor

> A company’s board of directors has imposed an $800,000 limit on capital spending for the current year. Management has identified the following five projects with positive NPVs. Which projects should be chosen?

> Huron Charters can purchase a sailboat for $100,000 down and a $60,000 payment due in one year. The boat would generate additional annual operating profits of $24,000 for the first five years and $15,000 for the next five years. New sails costing $16,000

> Rainbow Aviation needs an additional plane for five years. It can buy the plane for $360,000 using funds borrowed at 7.5% compounded monthly, and then sell the plane for an estimated $140,000 after five years. Alternatively, it can lease the plane for $5

> Joan, Stella, and Sue have agreed to form a partnership. For the original capital investment of $32,760, Sue agrees to contribute 20% more than Joan, and Joan agrees to contribute 20% more than Stella. How much will each contribute?

> The development of a new product will require the expenditure of $175,000 at the beginning of each of the next two years. When the product reaches the market in Year 3, it is expected to increase the firm’s annual profit by $50,000 for eight years. (Assu

> A proposed open-pit mine would require the investment of $3 million at the beginning of the first year and a further investment of $1 million at the end of the first year. Mining operations are expected to yield annual profits of $750,000, beginning in Y

> A firm can manufacture the same product with either of two machines. Machine C requires an initial investment of $55,000 and would earn a profit of $30,000 per year for three years. It would then be replaced, because repairs would be required too frequen

> Jurgen Wiebe has been transferred to Winnipeg for five years. He has found an attractive house that he can buy for $360,000 or rent for $1850 per month, payable at the beginning of each month. He estimates that the resale value of the house in five years

> The initial investment and expected profits from two mutually exclusive capital investments being considered by a firm are as follows: 1. Calculate the internal rate of return for each investment. Which one would be selected based on an IRR ranking? 2. W

> A company is examining two mutually exclusive projects. Project P requires an immediate investment of $300,000 and produces no profit until the fourth year. Then the expected annual profit is $120,000 for Years 4 to 7 inclusive. Project Q requires an inv

> A seven-year licence to distribute a product should increase the distributor’s profit by $16,000 per year. If the licence can be acquired for $85,000, what is the investment’s IRR?

> A new machine that will lead to savings in labour costs of $20,000 per year can be purchased for $80,000. However, it will cost $2000 per year for the first four years, and $3000 per year for the next four years to service and maintain the machine. In ad

> An investment of $400,000 will yield annual profits of $55,000 for eight years. The proceeds on disposition of the investment at the end of the eight years are estimated at $125,000. On the basis of its IRR and a 9% cost of capital, should the investment

> A $600,000 capital investment will produce annual profits of $90,000 for the first four years and $120,000 for the next four years. It will have no residual value. What is its IRR? Should the investment be undertaken if the cost of capital is 7%?

> A firm received a bill from its accountant for $3310, representing a combined total of 41 billable hours for both the Certified General Accountant (CGA) and her accounting technician for conducting the firm’s audit. If the CGA charges her time at $120 pe

> The introduction of a new product will require a $400,000 investment in demonstration models, promotion, and staff training. The new product will increase annual profits by $100,000 for the first four years and $50,000 for the next four years. There will

> A capital investment requiring one initial cash outflow is forecast to have the operating profits listed below. The investment has an NPV of $20,850, based on a required rate of return of 12%. Calculate the payback period of the investment.

> A potato farmer needs to buy a new harvester. Two types have performed satisfactorily in field trials. The SpudFinder costs $100,000 and should last for five years. The TaterTaker also costs $100,000 but requires an extra operator at $20,000 per season.

> The provincial government’s Ministry of Fisheries requires a new patrol boat. The price of a Songster is $90,000, and its annual operating costs will be $10,000. It will be sold for about $20,000 after five years, and replaced. A more durable and more ef

> A U-Print store requires a new photocopier. A Sonapanic copier with a four-year service life costs $35,000 and will generate an annual profit of $14,000. A higher-speed Xorex copier with a five-year service life costs $52,000 and will return an annual pr

> Machine X costs $50,000 and is forecast to generate an annual profit of $16,000 for five years. Machine Y, priced at $72,000, will produce the same annual profit for ten years. The trade-in value of X after five years is expected to be $10,000, and the r

> The investment committee of a company has identified the following seven projects with positive NPVs. If the board of directors has approved a $4.5 million capital budget for the current period, which projects should be selected?

> The expected profits from an $80,000 investment are $15,000 in Year 1 and $20,000 in each of Years 2 to 7. 1. What is the investment’s payback period? 2. If the firm’s required payback period is four years, will it make the investment? 3. If the firm’s c

> The Cowichan Regional District borrowed $500,000 through the Provincial Finance Authority to purchase fire-fighting equipment. At the end of every six months, the regional district must make a sinking fund payment of a size calculated to accumulate $500,

> Calculate the quoted price on June 10, 2019, of the bond.

> Quality Grocer makes its own bulk “trail mix” by mixing raisins and peanuts. The wholesale cost of raisins is $3.75 per kg and the cost of peanuts is $2.89 per kg. To the nearest 0.1 kg, what amounts of peanuts and raisins should be mixed to produce 50 k

> A New Brunswick Power bond issue carrying a 7.6% coupon matures on November 1, 2031. At what price did $1000 face value bonds trade on June 10, 2019, if the yield to maturity required by the bond market on that date was 5.9% compounded semiannually?

> Calculate the yield to maturity on a $1000 face value bond purchased for $1034.50 if it carries a 7.9% coupon and has 8 1 2 years remaining until maturity.

> Two and one-half years ago, Nova Scotia Power sold an issue of 25-year, 8% coupon bonds. If the current semiannually compounded return required in the bond market is 6.9%, calculate the percent capital gain or loss on the bonds over the entire 2 1 2 -yea

> A $1000 face value, 6.8% coupon, Province of Ontario bond with 18 years to run until maturity is currently priced to yield investors 6.5% compounded semiannually until maturity. How much lower would the bond’s price have to be to make the yield to maturi

> Four and one-half years ago, Glenda purchased 15 $1000 bonds in a Province of New Brunswick issue carrying an 8.5% coupon and priced to yield 9.8% (compounded semiannually). The bonds then had 18 years remaining until maturity. The bond market now requir

> Four years after the issue of a $10,000, 9.5% coupon, 20-year bond, the rate of return required in the bond market on long-term bonds was 7.8% compounded semiannually. 1. At what price did the bond then sell? 2. What capital gain or loss (expressed in do

> The municipality of Duncan has financed a sewage treatment plant by issuing $18 million worth of sinking fund debentures. The debentures have a 15-year term and pay a coupon rate of 9% compounded semiannually. Rounding the sinking fund payments, interest

> Laurentian Airways is preparing for the replacement of one of its passenger jets in three years by making payments to a sinking fund at the beginning of every six months for the next three years. The fund can earn 6% compounded semiannually, and the capi

> If a broker quotes a price of 111.25 for a bond on September 10, what amount will a client pay per $1000 face value? The 7% coupon rate is payable on May 15 and November 15 of each year.

> A $1000, 6.5% coupon, 20-year Government of Canada bond was issued on June 15, 2016. At what price did it trade on December 10, 2020, when the market’s required return was 5.2% compounded semiannually?

> Dash Canada offers two long-distance telephone plans. Plan X costs 6.5 cents per minute for calls between 8 a.m. and 6 p.m. weekdays (business hours) and 4.5 cents per minute at other times. Plan Y costs 5.3 cents per minute any time. Above what percenta

> A $1000, 9.5% coupon Government of Canada bond has 10 years remaining until its maturity. It is currently priced at 108.25 (percent of face value). 1. What is the bond’s yield to maturity? 2. If the bond price abruptly rises by $25, what is the change in

> A $1000, 7.5% coupon bond has 19 1 2 years remaining until maturity. Calculate the bond discount if the required return in the bond market is 8.6% compounded semiannually.

> $255,000 amount from an RRSP is used to purchase an annuity paying $6000 at the end of each quarter. The annuity provides an annually compounded rate of return of 2.5%. 1. What will be the amount of the final payment? 2. What will be the interest portion