Kaplan University MM 255 provides quiz help for all weekly quizzes covering various accounting and finance topics. The document provides sample quiz questions and answers from 10 different units covering subjects like operations, equations, loans, annuities, statistics, and more. Key information is extracted from detailed explanations and solutions to quiz problems.

1. Kaplan University MM 255 All Quiz
Get helpforKaplanUniversityMM255 for all week Quiz.We provide assignment,homework,
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MM/255Unit 1 Quiz
1. Performthe operationbyapplyingthe standardorderof operationforaseriesof calculations.
2. The mensweardepartmentof the gaphasa salesgoal of $1,381,000 for itsspringsale.
Complete the worksheetforthe salestotalsbyregionandbyday.Decide if the goal was reached.What
isthe difference betweenthe goal andthe actual total salesamount?
3. Universitytrailersalescompanysold358 utilitytrailersduringrecentyears.if the grossannual
salesforthe companywas $332483. What was the average sellingprice foreachtrailer?
4. Angelaisprocessingstore ordersfor14,000 reams of copy paper.She found1545 cases of paper
inthe warehouse.Eachcase contains10 reamsof paper.DoesAngelaneedtoordermore paper from
wholesalertohave enoughtocomplete the orders?
5. Write the mixednumbersasan improperfraction
6. Performthe indicatedoperationwrite the sumasa fraction,whole number,or mixednumber
inlowestterms.
7. Subtract $469.27-$223.41
8. Multiply18.9*3
9. Maritsha jonespurchased ajacketfor $48.75 and a shirtfor $19.50. She paidwitha $100 bill.
How muchchange didshe receive?
10. Laura voightearns$4.33 perhour as a telemarketingemployee.One weekshe worked24hours.
What was hergross paybefore anydeductions?
11. Calculate the costof 4000 gallonsof gasoline if itcosts$1.42 per gallon.?
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Perform-the-operation-27835

2. MM/255Unit 2 Quiz
1. Solve forthe unknowninthe equation
3B+4B-1=27
2. Solve forthe unknowninthe equation
2(X-5) = 2
3. Solve forthe unknowninthe equation
4(X-2) = 30
4. Solve the proportionforN
9/12= N/4
5. Whichof the fractions6/11 or 5/6 is proportional to55/66?
6. A real estate salespersonboughtpromotional calendarsanddate bookstogive to her
customersat the endof the year.The calendarscost $0.75 each,and the date bookscosts $0.40 each.
She ordereda total of 300 promotional itemsandspends$155. How many of each itemsdidshe order?
7. A man’sstock earned$150,000,000. If thisearningsrepresents$1.16,how many sharesof stock
are there?
8. For 33 hoursof work you are paid $255.75 how muchwouldyoureceive for36 hours?
9. A companypurchased10,000 pairsof men’sslacksfor $19.86 perpair and markedthemup
$22.23. What was the sellingprice of eachpairof slacks?Use the formulaS=C+M
10. The formulafor the total of installmentspaymentsof anitempurchasedwithfinancingistotal
of installmentspayments=installmentsprice- Downpayments.The formulacanbe writteninsymbolsas
T=I=-D. solve the formulaforI.
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Solve-for-the-unknown-27852
MM/255Unit 3 Quiz
1. Findthe interestpaidona loan of $2100 for one yearat a simple interestrate of 9 % peryear.
2. Convertto years,expressedindecimalformtothe nearesthundredth?
3. A loanismade for 42 monthsconvertthe time to years.

3. 4. A man tookout a $44,000 constructionloantoremodel a house.The loanrate is8.2 % simple
interestperyearto be repaidinnine months.How muchis paidback?
5. Lindadavisagreedto lendmoneytoalex lucianoata interestrate of 10% peryear,on the
conditionthathe borrowenoughthathe wouldpayher $600 in interestoveraperiodof 1 year. Onthe
conditionthathe borrowenoughthathe wouldpayher$600 in interestoveraperiodof 1 year. what
was the minimumamountalex couldborrow
6. Mr. smithborrowed$21,000 to purchase stock forhisbaseball cardshop.He repaidthe simple
interestloanafterthree years.He paidinterestof $6,700. What wasthe interestrate?
7. Findthe exactinterestona loanof $6000 at 9% annuallyfor80 days?
8. A loanmade on March 15 isdue September8of the followingyear.Findthe exacttime forthe
loanin loanina non-leapyearanda leap-year.
9. A loanismade on march 18 for179 days.findthe due date.
10. Raul fletesborrowed$8000 ona 210 day note that requiredordinaryinterestat10.96%. raul
paid$10.96% .raul paid$4,000 on the note on the 14 th day.How muchinterestdidhe save bymaking
the partial payments?
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Find-the-interest-paid-29051
MM/255Unit 4 Quiz
1. Findthe installmentsprice of areclinerboughtonthe installmentsplanwithadownpaymentof
$90 and six paymentsof $105.85.
2. Smith‘strailersaleswill finance a16-footutilitytrailerwithrampsandelectricbreaks.If adown
paymentof $50 andeightmonthlypaymentsof $82.73 are requiredwhatisinstallmentsprice of the
trailer?
3. A computerwithsoftware costs$2957, and Catherine stevenshasagreedtopaythe loanin18
months,howmuchwill she payeach month?
4. A hepplewhite sofacost$3790 incash jaquannaWilsonwill purchase the sofain24 monthly
installmentspayments.A 15 peryear finance will be charge will be assessedonthe amountfinanced.
findthe finance charge the installmentsprice,andthe monthlypayments?
5. A fishingboatispurchasedfor5,1000 and financed for 36 months.If the total finance charge is
$1060, findthe annual percentage rate usingthe table?

4. 6. A creditcard has an average dailybalance of 2814.32 and the monthlyperiodicrate is1263 %
whatis the finance charge forthe month?
7. In johnbalfour’screditcardaccount interestischargedonthe average dailybalance.The cycle
beginsonmay 4, and the cycle endson may7. A charge of $52.35 ispostedonmay 18. A charge of
15.17 ispostedonmay 7. A charge of $52.35 ispostedonmay 12. A charge of $118.54 is postedonmay
29 . johnis charged1.77% perperiod.what isthe finance charge forthe cycle?
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Find-the-installments-29055
MM/255Unit 5 Quiz
1. An investmentsof $9000 at 3% is compoundedsemiannually for fouryears.Findthe future
value andcompoundinterestuse the $1.00 future value table orthe future value andcompound
interestuse the $1.00 future value table orthe future value andcompoundinterestformula.
2. A loanof $1000 at 12% iscompounded monthlyfortwoyears.findthe future value and
compoundedinterest.use the $1.00 future value andcompoundedinterestformula.
3. A bankmade a farmera loanof $1000 at 14% for three yearscompoundedannually.findthe
future value andthe compound interestpaidonthe loan.Compare the compoundinterestwithsimple
interestforthe same period.
4. Tom bondborrowed$6,200 at 5 ½ for three yearscompoundedannually.Whatisthe
compoundamountof the loan andhow muchinterestwill payonthe loan?
5. A bankloanedjohnsmith$3000 forfour yearscompoundedannuallyat9% how much interest
was johnrequiredtopayon the loan?Use the $1.00 future value table orthe future value and
compoundedinterestformula.
6. Ross loanshave a loanof $8500 compoundquarterlyforfourat 10%. What is the effective
interestrate forthe loans?
7. Findthe compoundinterestona$3500 investmentsat0.75% compoundeddailyfor24 days.
8. Johnsmithhas founda shortterm investmentsopportunity.He caninvest$6000 at 0.75
interestiscompoundeddaily?
9. Findthe amountthat shouldbe setaside todayto yieldthe desiredfuture amount.
10. A landlordwantstoworkonly10 more yearsandthenretire.The landlordcurrentlyhas
$330000 in the bank. the landlordalsoplanstopurchase a 260000 apartmentscomplex asan

5. investmentsthe landlordsalsoplanstoinvestthe other$70,000 and aimsto have $1 milionbetween
the two investmentstoretire oncomplete parts1.Through5?
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investments-of-900-29060
MM/255Unit 6 Quiz
1. Findthe future value andtotal interestof the annuity.
2. Findthe future value andtotal interestof the annuity.
3. Use the simple interestformulamethodtofindthe future value of anordinaryannuityof $3100
paidannuallyafterthatyearat 2.8% annual interest.Findthe total interestearned?
4. Harry taylorplansto pay an ordinaryannuityfortenyearsso he can take a yearssabbatical to
studyfor a master’sdegree inbusiness.The actual rate of interestis3.7% how much will haryhave at
the endof three years?
5. Whichannuityearnsmore interest,an annuitydue of $500 quarterlyfortwoyearsat 10 %
annual interestcompoundedquarterly,oranannuitydue of $1000 semiannuallyfortwoyearsat10%
annual interestcompoundedsemiannually?
6. What semiannual sinkingfundpaymentwouldbe requiredtoyield$45,000 sevenyearsfrom
nowthe annual interestrate is6% compoundedsemiannually.
7. What isthe presentvalue of anordinaryannuitywithannual paymentsof $660 at 7% annual
interestfor25 years?
8. Janice andterry vandyke have decidedtoestablishasemiannualordinaryannuityof $5,000 for
the nexttwentyyearsat 4% annual interestcompoundedsemiannually.How muchshouldtheyinvestin
a lumpsum nowto provide the streamof payments?
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Find-the-future-value-29074
MM/255Unit 7 Quiz
1. The familybudgetisillustratedinthe figure tothe right.Whatis the total take-home payand
whatpercentisallocatedfortransportation?
2. Findthe meanfor the amount$17485;$14983,$13521;$14550;$18,540;$14981.

6. 3. Findthe mediumforthe scores: 92,68,72,85,72,95,88,73,72,89,89,95,72,77.
4. Findthe mode for the amounts:$17,292; $14,978,$13,589,$14500,$18540;$14978.
5. In the table onthe rightthere are gradesthat were earnedbystudentsona midterm
Businessmathexam. Whatpercentof the studentsearnedagrade below 80?
6. A companywantsto group a collectionof autographedphotosbyprice ranges.make arelative
frequencydistributionof the pricesusingthe intervals$0-$9.99,$10-$19.99, $20-$29.99,and $40-$49.99
7. Findthe deviationsfromthe meanforthe setof data 23, 30,15,21,21.
8. Findthe sum of squaresof the deviationsfromthe meanof a seriesof ACTscoreslistedbelow.
9. Findthe standardsdeviationof aseriesof ACTscoresbelow.
10. The data showsthe total numberof employeemedical leavedaystakenforonthe job accidents
inthe firstsix monthsof the year.
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family-budget-is-i-29081
MM/255Unit 8 Quiz
1. Usingthe informationinthe table,constructabar graph showingtotal salesbysalespersonfor
the shop.
2. Usingthe bar graph to the rightto determine the answerwhichquarterhadthe highestdollar
volume?
3. What percentof the yearlysaleswere the salesforOctober-December?
4. The familybudgetillustratedinthe figure tothe right.Whatisthe total take-home payand
whatpercentisallocatedfortransportation?
5. In a setof 24 monthsof data for medical leave thathasa meanof 10 daysper monthand a
standarddeviationof 5.14, howmany monthsare expectedtohave fewerthan15.14 daysper month
reportedmedical leave?
6. A tattooparlor that doespiercingsoffersthemtocustomersascategory1, 2 and 3 and cost$26,
$49, and $76 forstainlesssteeljewelry,respectively,and$68, $86, and $122 for gold. the

7. Parlorsoldfive categories1,twocategories2,and three category3 instainlessandone eachof
categories1,2, and 3 in goldina month.It costs the parlor$1000 permonth to offerpiercings.
Complete parts1,through 5.
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Using-the-information-29085
MM/255Unit 9 Quiz
1. Findthe indicatedamountsforthe fixedrate mortgages
2. Stephenhasjustpurchaseda home for $124,000. A mortgage companyhasapprovedhisloan
applicationfora30-yearfixedrate loanat 5.00% Stephenhasagreedto pay30% of the purchase price as
a downpayment.findthe downpayment,amountof mortgage,andmonthlypayments.
3. Stephenhasjust purchaseda home for$161,000. A mortgage companyhasapprovedhisloan
applicationfora30 yearfixedrate loan5.25%. Stephenhasagreedtopay 20% of the purchase price as a
downpayment.Findthe total interestStephenwill payif paysthe loanonschedule.
4. Use the formulaor a calculatorapplicationtofindthe monthlypaymentonahome mortgage of
$288,953 at 4.572% interestfor30 years.
5. Make an amortizationtable toshow the firsttwopaymentsforthe mortgage.
6. Conchitamartinzwill have amonthlyinterestandprincipalpaymentsof $1,815.57 hermonthly
real estate taxeswill be $59.16 and hermonthlyhomeowner’sinsurance paymentswill be $87.65. if her
gross monthlyincome is$6,777.55, findthe housingratio?
7. Findthe salestax and total sale?
8. Findthe salestax on an appliance costing$289.28 if the tax rate is5.3%
9. You have agreedto pay$860 for a usedutilitytrailer.The price includessalestax ata rate of
7.82%. What wasthe markedprice of the trailerandhow muchtax waspaid.
10. Determine the tax rate foreach cityor country . an equal numberof zerosinthe numeratorand
denominatorcanbe reducedtofacilitate calculatorentry.
11. Findthe assessedvalue of astore witha marketvalue of $180,000 if the rate for assessed value
is37% of marketvalue.
12. Findthe propertytax on vacant lotwithan assessedvalue of $32,450 and a tax rate of $4.39 per
$100 of assessedvalue.

8. 13. Findthe tax rate expressedastax per$1.00 of assessedvalue inamunicipalitythat has
budgetedexpensesof $5,034,500 andhas propertyassessedat$200,24,500.
14. Findthe taxable income.Use $3,700 for eachexemption?
15. Use the table fortax rate schedulestofindthe federal incometax.?
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Find-the-indicated-amo-29088
MM/255Unit 10 Quiz
1. Alainaiscoordinatingafundraiserinhercompanywitha goal of $91,000 there are 160 people
workingonthe firstshift,70 people workingonthe secondshift,and30 people workingonthe third
shift.Answerparts1 through5 aboutthe fundraiser.
2. Travon isa landscape architect whohasreceiveda$300,000 budgetfromthe cityto builda
newpark.From experience Travenknowsthatthe budgetis ½ forthe materials,1/3 forthe labour, and
the reminderforthe anticipatedprofitmarginthe space forthe parkis 600*400 square feet.The
specificationsrequires60,000 ft2 of flowertree gardens15,000 ft2 of playgroundequipments;30,000
ft2 of walkways,and90,000 ft2 of walways,and90,000 ft2 of opengreenspace.
3. Use the line graphto the rightto determine the following. if the costof livingincreasewas10 %
from2002 to 2008, determine if the employee’ssalaryforthisperiodof time keptpacewithinflation.
4. Johnsmithhas 5,000 that he planto investinacompoundinterestbearinginstruments.His
investmentsagentadvise himthathe caninvestthe $5000 at 10% compoundedquarterlyforthree
yearsor he can investthe $5000 at 10 ¼% compoundedannuallyforthree years.whichinvestments
shouldjohnsmithchoose toreceive the mostinterest?use the $1.00 future value orthe future value or
the future value andcompoundinterestformula.
5. A landlordwantstoworkonly10 more yearsandthenretires.The landlordcurrentlyhas
$380,000 inthe bank.The landlordplanstopurchase a $240,000 apartmentcomplex asan investment.
The landlordalsoplansto investthe other$140,000 and aimto have $1 millionbetweenthe two
investmenttoretire on.
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Alaina-is-coordinatin-29094