Study
BIM Numeracy/Financial literacy/Statistical literacy Skills:
Week 9 Self Evaluation Questions 10/10 1. A retailer advertised an end of summer sale that read “buy one and get the second item of the same or lower value for half the price”. You decide to take advantage of this sale and buy two pairs of shoes that have price tags of $75 and$90. How much money would you need to pay for these two items? 127.5
2. You own 1000 shares in The Warehouse Group Ltd and receive an interim dividend payment of $155. How much dividend in cents are you receiving per share? $0.155
3. A manufacturer had $40 million of export orders and $8 million of domestic orders. How many dollars of export orders does he have for every dollar of domestic orders? 5
4. You have an investment of $10,000 in a term deposit account where interest is paid annually at 5% per annum, compounding annually. What will be the nominal value of this investment after two years? 11025
5. The annual sales of a retailer increased by 25% to $225,000 in 2010. What were the retailer’s sales in 2009? 180000
6. If the total liabilities of a company are $300,000 and the total shareholders’ equity is $500,000, what is the level of gearing expressed as a percentage? 37.5%
7. If a company had in its bank account an overdraft of $6,000 on 1 December 2010 and a positive bank balance of $12,500 as at 31 December 2010 then what was the net cash flow for this period? 18500
8. If the share price for The Warehouse Group Ltd was $3.20 on 10 September 2010 and $3.65 on 2 May 2012 then what is the percentage increase in the share price over this time period? 14.06%
9. A company pays its five workers the following hourly rates: $18; $20; $22; $30; $40. What is the mean hourly rate for the five workers? 26
10. A survey of the cost of a litre carton of soy milk in the supermarkets gave the following results: $2.75, $2.75, $2.95,
Week 9 Self Evaluation Questions 10/10 1. A retailer advertised an end of summer sale that read “buy one and get the second item of the same or lower value for half the price”. You decide to take advantage of this sale and buy two pairs of shoes that have price tags of $75 and$90. How much money would you need to pay for these two items? 127.5
2. You own 1000 shares in The Warehouse Group Ltd and receive an interim dividend payment of $155. How much dividend in cents are you receiving per share? $0.155
3. A manufacturer had $40 million of export orders and $8 million of domestic orders. How many dollars of export orders does he have for every dollar of domestic orders? 5
4. You have an investment of $10,000 in a term deposit account where interest is paid annually at 5% per annum, compounding annually. What will be the nominal value of this investment after two years? 11025
5. The annual sales of a retailer increased by 25% to $225,000 in 2010. What were the retailer’s sales in 2009? 180000
6. If the total liabilities of a company are $300,000 and the total shareholders’ equity is $500,000, what is the level of gearing expressed as a percentage? 37.5%
7. If a company had in its bank account an overdraft of $6,000 on 1 December 2010 and a positive bank balance of $12,500 as at 31 December 2010 then what was the net cash flow for this period? 18500
8. If the share price for The Warehouse Group Ltd was $3.20 on 10 September 2010 and $3.65 on 2 May 2012 then what is the percentage increase in the share price over this time period? 14.06%
9. A company pays its five workers the following hourly rates: $18; $20; $22; $30; $40. What is the mean hourly rate for the five workers? 26
10. A survey of the cost of a litre carton of soy milk in the supermarkets gave the following results: $2.75, $2.75, $2.95,