Math Quiz
Module 8 Business Decisions
Capital Gains Page 705, question 30
30A- How much tax will you have saved by waiting?
$1,250
$25,000 X .10 = $2,500
$25,000 X .15 = $3,750
$3,750 - $2,500 = $1,250
30B- How much would you save in 36% bracket?
Between $2,000 to $4,400
$25,000 X .20 = $5,000
$25,000 X .28 = $7,000 to $9,900
$7,000 - $5,000 = $2,000
$9,900 - $5,000 = $4,400
Interpreting the numbers
Page 743, Question 20
2,300 2,430, 2,018, 2,540, 2,675, 4,800
20A – What is the mean, median, mode, and range of this set of production data?
Mean = 2,793.83
Median = 2,485
Mode = No mode
Range = 2,782
= =
= =
Mode = values that appear most often. This set of values don’t have a mode
Range = highest value – lowest value
Range = 4,800 – 2,018 = 2,782
20B- Which measure best describes the production at your plant? Why?
The median is a better measure of plant production because one of the days of productions numbers are significantly higher than the other five days.
Written Assignment – Module 6 Business Decisions
Page 475 # 20 A, B, & C
A – Jamie and Alice’s combined housing expense ratio is 20.6%
B – Jamie & Alice’s total obligations ratio is 49.6%
Total obligations ration (TOR)
Total Monthly Financial Obligations (TMFO)
Monthly Gross Income (MGI)
TMFO = $2811+$2002=$4813
C – Jamie and Alice would not qualify for a conventional nor an FHA mortgage.
Page 585 #33 – Replacing the Asset A,B,C, & D
A – The annual depreciation for the original equipment was $17,000
Total depreciation = Total Cost – Salvage Value
$388,000-$48,000 = $340,000
Replacing an Asset #33
Page 585 a, b, c, & d
A- The annual depreciation for the original equipment is $17,000
Total depreciation value = total cost – salvage value
$388,000 – $48,000 = $340,000
B- The residual value for the hydraulic lift after 20 years will
Capital Gains Page 705, question 30
30A- How much tax will you have saved by waiting?
$1,250
$25,000 X .10 = $2,500
$25,000 X .15 = $3,750
$3,750 - $2,500 = $1,250
30B- How much would you save in 36% bracket?
Between $2,000 to $4,400
$25,000 X .20 = $5,000
$25,000 X .28 = $7,000 to $9,900
$7,000 - $5,000 = $2,000
$9,900 - $5,000 = $4,400
Interpreting the numbers
Page 743, Question 20
2,300 2,430, 2,018, 2,540, 2,675, 4,800
20A – What is the mean, median, mode, and range of this set of production data?
Mean = 2,793.83
Median = 2,485
Mode = No mode
Range = 2,782
= =
= =
Mode = values that appear most often. This set of values don’t have a mode
Range = highest value – lowest value
Range = 4,800 – 2,018 = 2,782
20B- Which measure best describes the production at your plant? Why?
The median is a better measure of plant production because one of the days of productions numbers are significantly higher than the other five days.
Written Assignment – Module 6 Business Decisions
Page 475 # 20 A, B, & C
A – Jamie and Alice’s combined housing expense ratio is 20.6%
B – Jamie & Alice’s total obligations ratio is 49.6%
Total obligations ration (TOR)
Total Monthly Financial Obligations (TMFO)
Monthly Gross Income (MGI)
TMFO = $2811+$2002=$4813
C – Jamie and Alice would not qualify for a conventional nor an FHA mortgage.
Page 585 #33 – Replacing the Asset A,B,C, & D
A – The annual depreciation for the original equipment was $17,000
Total depreciation = Total Cost – Salvage Value
$388,000-$48,000 = $340,000
Replacing an Asset #33
Page 585 a, b, c, & d
A- The annual depreciation for the original equipment is $17,000
Total depreciation value = total cost – salvage value
$388,000 – $48,000 = $340,000
B- The residual value for the hydraulic lift after 20 years will