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QRB 501 Apply Week 2 Comparison Shopping
Worksheet Comparison Shopping
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QRB 501 Apply Week 2 Comparison Shopping Worksheet Comparison
Shopping
Background
Choose a product or service that you would like to purchase for your
office or yourself: ______________
Search the internet to find three providers who have different prices for
the product or service:
a.
b.
c.
Product Description
1. Describe in 2 to 4 sentences the product or service you wish to
purchase.
1. Indicate the amount of money in dollars that you have budgeted to
pay
for the product or service: $_________________
Product Comparison
1. Complete the chart below with information from your research.

Name of Provider Link to Website Price of Product
1. Compare in a total of 260 words the product or service offered on
each website.
Website Method of Delivery Warranties Tax Rates Extra
Components/Services Other Differences
a.
b.
Calculations
1. Suppose each of these products/services has a 30% markup based on
selling price.
Calculate each supplier's cost for the product/service.[Hint: First find the
markup in dollars, then use the formula Price=Cost + Markup to find the
supplier's cost.]
Website a: (name) Website b: (name) Website c: (name)
Supplier’s Cost: $ $ $
1. Now that you have calculated the cost of the product, use that
information to calculate the percentage markup based on cost. [Hint:
Percentage markup based on cost is = (Price-Cost)/Cost.]
Percentage Markup: % % %

1. Calculate the percentage difference between the price you would like
to pay and the price of the product/service.
Remember, this percentage will be positive if the price of the product or
service is lower than the price you would like to pay. If the price is over-
budget then there will be a negative number. If the price is under budget
then there will be a positive number. [Hint: To calculate the percentage
difference, you should use the formula: (Budget - Price)/Budget.]
Percentage Difference: % % %
Analysis
1. Write a 175- to 350-word analysis of which product you would
select for purchase. Keep in mind that your purchase decision does
not necessarily have to be the product with the lowest cost but you
should support your decision with information from your analysis.
2. *****************
QRB 501 Apply Week 3 Data Analytics Problem
Set Excel Template
QRB 501 Apply Week 3 Data Analytics Problem Set Excel Template

QRB 501 Apply Week 4 Income and Mortgages
Mind Map
QRB 501 Apply: Income and Mortgages Mind Map WEEK 4
Explore three different Internet sites for providers of home mortgages or
consumer credit.
Create a 350-word mind map in which you explain the differences in the
mortgages or credit terms and which would be best for you.
Include the following:What are the terms of the mortgage or credit
agreement?
What are the differences in the different choices for this type of credit
agreement?
Analyze in 175 to 350 words the choice that is best for you and why.
Click on the Assignment Files tab to submit your Mind Map.
1. *****************
QRB 501 Apply Week 5 Quantitative Techniques
in Financial Valuation

QRB 501 Apply: Quantitative Techniques in Financial Valuation
Problem Set WEEK 5
Resources: Quantitative Techniques in Financial Valuation Problem Set
Excel® Template
Save the Quantitative Techniques in Financial Valuation Problem Set
Excel® Template to your computer.
Read the instructions on the first tab.
Complete the twelve exercises located in the template and record your
answers in the highlighted spaces.
Click the Assignment Files tab to submit your assignment.
1. *****************
QRB 501 Apply Week 6 Balance Sheets and
Income Statements

QRB 501 Apply: Balance Sheets and Income Statements WEEK 6
Complete the Balance Sheets and Income Statement document.
Complete parts A and B of this exercise. Examples can be found in
Chapter 21 of your textbook.
Be sure to notice that Part A is a balance sheet and Part B is an income
statement. Also, be sure to note that the most recent year is shown on the
left in these financial statements.
Formulas and examples for interpretation of results can be found in
Table 21-1 of your textbook or the last worksheet tab of this file.
Click on the Assignment Files tab to submit your document.
1. QRB 50*****************
1 Assignment Week 1 Practice Concepts and
Basic Data Analysis
QRB 501 Assignment Week 1 Practice Concepts and Basic Data
Analysis
Use the internet to find one example of each of the following graphs:
• Line graph

• Bar graph (horizontal or vertical bars are acceptable)
• Pie graph
• Suppose you were presenting these graphs to a group of people
(clients, co-workers, friends, etc.) who are not mathematically savvy.
Create a 7- to 10-slide presentation with speaker notes that provides a
non-technical explanation of each graph. Remember, you are addressing
people who probably do not like or understand mathematical terms.
For each graph, include the following:Screenshot of your graph.
• For the line graph, what are the labels on the horizontal and vertical
axes?
• For the bar graph, what labels are on the bars? What is being measured
in this graph? (Hint: look at the axis label.)
• For the pie graph, what is the title, in other words, what is it
measuring?
• How would you improve each graph if at all? Is anything missing,
misleading, or perhaps just wrong with this graph?
• What would be the appropriate measure(s) for central tendency (mean,
median, mode) to display with each graph?
• What measure of dispersion (range, standard deviation) would be best?
• Provide a reference citation for the source of your graph so your
facilitator can find the graph online. Note: sometimes information
changes from day to day on websites, hence the reason for the required
screenshot in first bullet point above.
Note: If you are having difficulty finding graphs here are a few places to
consider looking:
• Your online utility bill
• Your fitness app
• A dashboard at your office
• U.S. Government websites such as:
o The Bureau of Labor Statistics
o The Bureau of Economic Analysis
o The Consumer Financial Protection Bureau
o A scholarly article in the University Llibrary

o Business, finance, and money management websites
QRB 501 Entire Course (No Final Guide)
QRB 501 Week 1 Fundamental Quantitative Concepts Exercises
QRB 501 Week 2 Team Assignment Equations and Percentage Cases
QRB 501 Week 3 Mathematics of Buying and Selling Exercises
QRB 501 Week 3 Team Assignment Trade and Cash Discount Cases
QRB 501 Week 4 Data Analytics Problem Set
QRB 501 Week 5 Quantitative Techniques in Financial Valuation
Problem Set
QRB 501 Week 5 Team Assignment Financial Valuation (Time-Value
of Money) Cases
QRB 501 Week 6 Signature Assignment
QRB 501 Week 2 DQ 1
QRB 501 Week 2 DQ 2
QRB 501 Week 3 DQ 1
QRB 501 Week 3 DQ 2
QRB 501 Week 4 DQ 1
QRB 501 Week 4 DQ 2
QRB 501 Week 5 DQ 1
QRB 501 Week 5 DQ 2
QRB 501 Week 6 DQ 1
QRB 501 Week 6 DQ 2

QRB 501 Entire Course
QRB 501 Assignment Week 1 Practice Concepts and Basic Data
Analysis
QRB 501 Apply Week 2 Comparison Shopping Worksheet
QRB 501 Apply Week 3 Data Analytics Problem Set Excel Template
QRB 501 Apply Week 4 Income and Mortgages Mind Map
QRB 501 Apply Week 5 Quantitative Techniques in Financial Valuation
QRB 501 Apply Week 6 Balance Sheets and Income Statements
QRB 501 Week 1 Fundamental Quantitative Concepts Exercises

QRB 501 Week 2 Team Assignment Equations and Percentage Cases
QRB 501 Week 3 Mathematics of Buying and Selling Exercises
QRB 501 Week 3 Team Assignment Trade and Cash Discount Cases
QRB 501 Week 5 Quantitative Techniques in Financial Valuation
Problem Set
QRB 501 Week 5 Team Assignment Financial Valuation (Time-Value
of Money) Cases
QRB 501 Week 6 Signature Assignment
QRB 501 Week 2 DQ 1
QRB 501 Week 2 DQ 2

QRB 501 Week 3 DQ 1
QRB 501 Week 3 DQ 2
QRB 501 Week 4 DQ 1
QRB 501 Week 4 DQ 2
QRB 501 Week 5 DQ 1
QRB 501 Week 5 DQ 2
QRB 501 Week 6 DQ 1
QRB 501 Week 6 DQ 2
QRB 501 Final Exam Guide (100 % Score, with
Excel File)
http://www.snaptutorial.com/QRB-501/product-32073-QRB-
501-Final-Exam-Guide-(100-Score,-with-Excel-File)

This Tutorial contains an Excel file which can be used to solve for
any change in values
1) What A-Pane Inc. sells windows for $101.12 each after a markup
of $33.35. Find the cost of a window and the markup as a percent of
selling price
2) Solve the problem. Round amounts to the nearest cent and percents
to the nearest tenth of a percent Markup = $5.02; Selling Price = $88.41.
Find the cost and the rate of markup based on cost.
3) Solve the problem. Round to the nearest cent or tenth of a percent.
James page works in a local music store where he sells guitars for
$159.13 each. If he maintains a markup of 64.2% on selling price, what
is the cost of guitar to James?
4) Find the percent increase ( or decrease) in net sales from last year
to this year for the income statement. Round your answer to the nearest
tenth.
5) For the month ending june 30, TriCounty Nursery has net sales of
$237,000, cost of goods sold of $114,000 and operating expenses of
$53,000. Find the gross profit and net income
6) Complete a vertical analysis on the balance sheet for Jake’s
Janitorial Service for December 31 of last year. The company assets are
cash $22,000, accounts receivable $33,000, merchandise inventory
$54,000, and equipment $72,000. The liabilities are accounts payable
$23,000, wages payable $21,000 and mortage note payable $86,000. The
owner’s capital is $51,000. Express answers as a percent rounded to the
nearest tenth
7) Solve the problem. Round the nearest cent.
A director of accounts received a bill for a $776, dated October 3, with
sales terms 5/10, 3/20, n/30. The bill was paid October 18. Find the cash
discount and net amount paid
8) A bank made a farmer a loan of $1000 at 16% for three years
compounded annually. Find the future value and the compound interest

paid on the loan. Compare the compound interest with simple interest
for the same period.
9) A Hepplewhite sofa costs $3,630 in cash, Jaquanna Wilson will
purchase the sofa in 24 monthly installment payments. A 16% per year
finance charge will be assessed on the amount financed. Find the finance
charge, the installment price, and the monthly payment.
10) The circle graph below gives the number of students in the
residence halls at the state university .
Which residence hall has the second highest number of students?
11) A woman decides to organize her classic book collection by year of
publication. Make a relative frequency distribution of the years using the
intervals 1750-1799,1800-1849,1850-1899 and 1900-1949
12) Find the interest paid on loan of $62,012 at 11% annual simple
interest for 2.7 years. Round to nearest cent.
13) Prepare a balance sheet for Mullen’s Hardware for December 31 of
last year. The company assets are cash $18,000, accounts receivable
$40,000, and merchandise inventory $52,000. The liabilities are
accounts payable $24,000 and wages payable $19,000. The owner’s
capital is $67,000
14) Determine if the following statement is true or false.
Trade discounts can be taken on freight, when freight charges are
separate from merchandise on an invoice.
15) Find the net price of a ring that lists for $671.00 if a discount rate of
30% applies.
16) Last week at a festival, a man sold 4 times as many tie-dyed T-shirts
as silk-screened shirts. He sold 220 shirts altogether. How many tie-dyed
shirts did he sell? The number of tie-dyed shirts is
17) Solve for the unknown in the equation.
4A+ 6A = 20
18) For Hamilton supplies, wages payable for last year were $31,000
and for this year were $99,000. If the total assests for this year were
$141,000, find what percent wages payable were of total assets to the
nearest tenth of a percent.
19) solve for the equation
A + 2A == 9

20) Find the standard deviation of the scores : 12,12,12,15,18,18,18.
Round to tenths
21) In the line graph, how many more hours were needed to prepare for
test 2 than for test 1?
22) How much should Linda Bryan set aside now to buy equipment that
costs $7,100 in one year? The current interest rate is 0.85% annually,
compounded annually.
23) The following test scores were recorded for a student :
93,90,88,87,96,92.Find the mean, median, and mode
24) Use the accompanying table to find the compound interest, round to
the nearest cent. $6,000 at 4% compounded semiannually for 6 years.
25) Solve the problem. Round to the nearest cent. The list price of a
keyboard is $712. If the trade discount series offered is 15/20/5, find the
net price by using the net decimal equivalent
26) Accountants often use the median when studying salaries for
various jobs. What is the median of following salary list? $109,000,
$107,000, $183,000,$240,000, $134,000, $115,000, $760,000,
$232,000, $170,000
27) Solve the problem. Round amounts to the nearest cent and percents
to the nearest tenth of a percent. A store manager paid $89 for an item
and set the selling price at $125.49. what was the percent markup based
on cost?
28) What is the monthly interest rate if an annual rate is 12.3%?
29) How much interest will have to be paid on a loan of $12117 for 4
months at a simple interest rate of 6.4% per year? Round to the nearest
cent.
30) The monthly net gains sales for a new sporting goods store were :
$8024, $3082, $3377, $7838, $8063, $2183, $1221, $7078, $5520,
$4755. Find the median
QRB 501 Final Exam Guide (New 2019 Score 29
30)

1. Jorge makes a simple discount note with a face value of
$6000.00, a term of 240 days, and a 10% discount rate. Find the
discount.
Discount: $394.52
Discount: $0.00
Discount: $600.00
Discount: $400.00
The following test scores were recorded for a student: 79, 74, 72, 68, 74,
60, 70. Find the mean, median, and mode.
•

mean: 72, median: 68, mode: 74
•
•
•
3.
Megan Hughes deposits $2300 in an account that pays simple interest.
When she withdraws her money 8 months later, she receives $2484.00.
What rate of interest did the account pay? Round to the nearest whole
percent.

12% per year
11% per year
14% per year
13% per year
Christine is currently taking college astronomy. The instructor often
gives quizzes. On the past seven quizzes, Christine got the following
scores: 53, 12, 41, 29, 18, 42, 57
Find the standard deviation.
17
Find the net price of a bicycle that lists for $82.95 if a discount rate of
15% is offered. Round to the nearest cent.

$12.44
$70.51
$12.69
$70.76
=82.95*(100-15)/100 = $70.51
6
When finding the amount of change in percentage problems, the percent
is always based on:
the final or ending amount in decrease problems

the original or beginning amount
the original or beginning amount for increase problems
the final or ending amount
7
An invoice received from Royal Exporters totaled $638.20, was dated
October 10, and offered terms of 1/11 ROG. The shipment was received
November 27. If the invoice was paid on December 12, find the net
amount due. Round to the nearest cent.
$631.82
$638.20
$6.38
$0

8
Sales of frozen pizza for a club fund-raiser increased from 500 one year
to 610 the next year. What was the percent of increase?
22%
82%
18%
78%
(610-500)*100/500 = 22%

9
The circle graph above gives the inventory of the women's department
of a store.
What is the total inventory?
$107,865
$112,095
$74,730
$109,980
35955+35250+4935+16920+6345+2115+8460 = 109980

10
Find the maturity value of a loan of $6787 after 4 months. The loan
carries a simple interest rate of 14% per year.
$7103.73
$7024.55
$7106.39
$7182.91
= 6787*(1+4*0.14/12) = 7103.73
11
The primary difference between an annuity due and an ordinary annuity
is:

I. when the money is paid into the annuity
II. the way the money is paid out of the annuity
III. with an annuity due, payment is made at the beginning of the period
III only
both I and III
I only
II only
12
An invoice for a laptop computer that cost $625.68 is dated September
15, with sales terms of 3/10 EOM. If the bill is paid October 8, find the
cash discount and net amount paid. Round to the nearest cent.

Cash discount: $0; net amount: $625.68
Cash discount: $62.57; net amount: $563.11
Cash discount: $18.77; net amount: $ $606.91
Cash discount: $18.47; net amount: $614.68
13
Barbara knows that she will need to buy a new car in 4 years. The car
will cost $15,000 by then. How much should she invest now at 6%,
compounded quarterly, so that she will have enough to buy a new car?
$13,327.31
$12,594.29

$11,820.45
$11,208.87
14
The bar graph below shows the percent of income spent on leisure
activities in various countries of the world. In which country is the
highest percent of income spent on leisure activities? What percent is
this?
Japan; 24.4%
USA; 27.2%
China; 94.8%

USA; 72.8%
15
Find the range for the scores: 13, 23, 60, 46, 53, 75.
62
44
88
46
16
Solve the problem. Round to the nearest cent or tenth of a percent.

Cost = $48.19; selling price = $58.79. Find the markup and the rate of
markup based on the selling price.
Markup = $10.60
Rate of markup based on selling price = 18.0%
Markup = $21.20
Markup = $21.20
Markup = $10.60
17
Solve the problem. Round amounts to the nearest cent and percents to
the nearest tenth of a percent.
Cost = $5.22; Selling price = $10.35. Find the markup.

Markup: $5.22
Markup: $15.57
Markup: $5.13
Markup: $10.35
18
Which month in 2010 had the lowest sales?

Month 12
Month 7
Month 3
Month 2
19
Central Airlines offers a trade discount series of 30/35/10 for frequent
flyers. If a round-trip airline ticket is $683, what is the net price? Use the
net decimal equivalent to find the net price. Round to the nearest cent.
$512.25
$279.69
$403.31

$170.75
19
Central Airlines offers a trade discount series of 30/35/10 for frequent
flyers. If a round-trip airline ticket is $683, what is the net price? Use the
net decimal equivalent to find the net price. Round to the nearest cent.
$512.25
$279.69
$403.31
$170.75
20
Enrique borrowed $3600 to put a down payment on a motorcycle. The
loan had a simple interest rate of 8% for 2 years. Use the formula I = prt
to find the amount of interest he will pay on the loan.

I = interest; p = principal; r = rate (expressed as a decimal 0.08); t = time
in years.
$4176
$576
$2880
$288
21
Cost = $4.04; Selling price = $7.12. Find the markup and the rate of
markup based on cost.
Markup: $7.12
Rate of markup based on cost: 56.7%

Markup: $11.16
Markup: $3.08
Markup: $3.08
22
Markup = $16.15; Selling price = $95.00. Find the cost.
Cost: $16.15
Cost: $95.00

Cost: $78.85
Cost: $111.15
23
Present value is best defined as:
all of these are appropriate definitions for present value
the amount of a specified future value compounded at a specified rate
which can be invested currently
the amount that must be invested now and compounded at a specified
rate and time to reach a specified future value
the amount that must be invested per year and compounded at a
specified rate and time to reach a specified present value

24
Sarah has made a budget for how much she will spend on activities this
summer. The circle graph above shows how she has divided up her
spending money.
What percent of Sarah's budget is allocated for movies?
50%
5%
15%
10%

25
A number increased from 2553 to 5955 . Find the amount of increase.
5402
3296
3396
3402
26
Find the interest paid on a loan of $2000 for 1 year at a simple interest
rate of 7% per year.
$140.00
$2140.00

$160.00
$14.00
27
An invoice for $8630, dated October 5, was received by a company with
the terms 5/15 EOM. A decision was made to make a partial payment of
$400 on November 2. Find the amount credited to the account and find
the outstanding balance. Round to the nearest cent.
Credit: $380.00
Balance: $8250.00
Credit: $421.05
Balance: $8208.95
Credit: $400.00
Balance: $8230.00

Credit: $420.00
Balance: $8210.00
28
Which month in 2009 had the highest sales?
Month 2
Month 5
Month 12

Month 9
29
Felipe Rivera's savings account has a balance of $3159. After 4 years
what will the amount of interest be at 1.6% compounded quarterly?
$25.27
$208.37
$199.37
$213.37
30

Solve the problem. Round to the nearest cent or tenth of a percent.
An item sells for $524.00 and is reduced to sell for $440.16. Find the
markdown amount and the rate of markdown.
Markdown amount = $369.73
Rate of markdown = 84%
QRB 501 Week 1 DQ 1

DQ1-Week 1: Please respond to this discussion question by Thursday
(Day 3):
In management, how important is it to learn to use mathematics to solve
problems? How valuable is an MBA degree without the ability to
identify and calculate the cost of a company’s capital, its return on
investment, gross margin percentage, break-even point, or what percent
of a population would be willing to buy its product?
QRB 501 Week 1 DQ 2
DQ2-Week 1: Please respond to this discussion question by Saturday
(Day 5):
When using the formula NI = [U * (P-VCu)] - FC, in which order must
you complete the calculation? Why does the order of operations matter
QRB 501 Week 1 Fundamental Quantitative
Concepts Exercises

Purpose of Assignment
The purpose of this assignment is for students to learn how to use
Microsoft Excel® for solving formulas. Managers and staff need to work
with percentages daily in professional settings. Skills such as finding the
percentage increase/decrease and using Excel® to convert from decimals
to percentages and vice versa have become necessary. This assignment
provides students with the practice of such fundamental quantitative
concepts.
Assignment Steps
Resources: Fundamental Quantitative Concepts Exercises
Excel® Template
Save the Fundamental Quantitative Concepts Exercises Excel® Template
to your computer.
Complete the ten Excel® exercises.
A scale drawing of an office building is not labeled, but indicates 0.25
inch = 5 feet. On the drawing, one wall measures 2 inches. How long is
the actual wall?
Marcus James purchased 2,500 pounds of produce. Records indicate he
purchased 800 pounds of potatoes, 150 pounds of broccoli, and 390
pounds of tomatoes. He also purchased apples. How many pounds of
apples did he purchase?
The formula for the installment price of an item purchased with
ﬁnancing is Installment price = Total of installment payments + Down
payment. The formula can be written in symbols as I = T + D.
Wallpaper costs $12.97 per roll and a kitchen requires 9 rolls. What is
the cost of the wallpaper needed to paper the kitchen?

Wilson’s Auto, Inc., has 37 employees and a weekly payroll of $10,878.
If each employee makes the same amount, how much does each make?
Jacob Kennedy borrowed $30,000 to start up his consulting business.
The loan had a simple interest rate of 6.2% for 3 years. Use the formula I
= PRT to ﬁnd the amount of interest he will pay on the loan. I = interest;
P = principal; R = rate (expressed as a decimal 0.062); T = time in years
A car odometer increased from 37,580.3 to 42,719.6. What was the
increase?
A number decreased from 486 to 104. Find the amount of decrease.
A number increased from 224 to 336. Find the percent of increase.
A number decreased from 250 to 195. Find the rate of decrease.
QRB 501 Week 2 DQ 1
(Day 3):
What is forecasting? What information is forecasted at your
organization? Which forecasting methods are used at your organization?
What information at your organization is not currently being forecasted
that could be forecasted to increase productivity or decrease waste?
QRB 501 Week 2 DQ 2

(Day 5):
Access http://www.conference-
board.org/economics/ConsumerConfidence.cfm. This is an index based
on how people feel about the economy. All indexes are created in a
similar fashion. A base is first selected. In this case, the base was 1985
and set at 100. Thus, if the index was at 57.2 in May 2008, and in
October 1992 the index was at 54.6, are people feeling better or worse in
2008 than they did in 1992? If the index was at 62.8 in April 2008, what
does that mean for May 2008?
QRB 501 Week 2 Team Assignment Equations
and Percentage Cases
The purpose of this assignment is to provide students an opportunity to
apply the concepts of equations and percentages covered in Ch. 5 and 6
to integrated case studies.

Assignment Steps
Resources: Equations and Percentage Cases Excel® Template,
Excel® 2016 Essential Training
Save the Equations and Percentage Cases Excel® Template to your
computer.
Complete the two Excel® cases located in the template.
Refer to the Chapter 5 Case Study 5-1 on Page 187 of your text. Answer
the following questions.
Question 1
Find the total square footage that requires painting for the bedroom and
the living/dining room, and then find the total square footage for the
entire painting job assuming two coats of paint.
Question 2
One gallon of paint will cover 350 square feet and costs $35, and each
surface will require two coats. Using your answer to question 1,
determine the total number of gallons required and total cost for paint,
by rounding up to the nearest gallon.
Question 3
Using a painting rate of 150 square feet per hour (including prep time), a
labor rate of $20 per hour, and a desired profit margin of 30% (or 0.3),
calculate the total labor cost, profit margin, and final bid price for this
painting job—including the total paint cost from question 2.
Refer to the Chapter 6 Case Study 6-3 on Page 224 of your text. Answer
the following questions.
QRB 501 Week 3 DQ 1

(Day 3):
Why are graphs and charts used to represent information? What
distinguishes a histogram from a bar chart? What are some examples of
grouped and ungrouped data? What would be the most appropriate
graphical representation to show the dispersion of new home prices in a
particular area? Why?
QRB 501 Week 3 DQ 2
(Day 5):
What is the purpose of using correlation analysis? How might
correlation analysis be used in business decisions or in strategy
formulation and implementation? How might correlation analysis be
misused to explain a cause-and-effect relationship?
QRB 501 Week 3 Mathematics of Buying and
Selling Exercises

The purpose of the assignment is to provide students an opportunity to
use Microsoft Excel® to practice the concepts of trade discounts,
invoicing, markups, and markdowns.
Assignment Steps
Resources: Mathematics of Buying and Selling Exercises
Excel® Template, Excel® 2016 Essential Training
Save the Mathematics of Buying and Selling Exercises Excel® Template
to your computer.
Complete the ten exercises located in the template.
Nordstrom plans to mark up a Brahmin Croc Embossed Laptop Case
$130.50 over cost, which is a 58% markup based on the cost. Find the
cost, the selling price, and the rate of the selling price.
Ronin Copies marks up signs that sell for $49. The markup is 80% based
on the selling price. What is the cost and the amount of markup of a
sign?
Lowe’s reduced a Maytag dishwasher 12.563%. If the dishwasher was
priced at $398, find the amount of markdown and the reduced price.
Fresh Food Market pays $0.25 per pound for 300 pounds of apples. On
average, 5% of the apples will spoil before they sell. Find the selling
price per pound needed to obtain a 180% markup on cost.
Find the net price of the PC software SystemWorks that lists for $70 and
has a discount rate of 12%. Use the system of complements.
Dylan Murphy currently receives a trade discount series of 5/10/10 on
merchandise purchased from a furniture company. He is negotiating
with another furniture manufacturer to purchase similar furniture of the

same quality. The first company lists a dining room table and six chairs
for $1,899. The other company lists a similar set for $1,800 and a trade
discount series of 5/5/10. Which deal is better?
PlumbingStore.com buys one model of tankless water heater that has a
list price of $395. The trade discount is 18%. What is the trade discount
and net price of the heater?
Federated Department Stores received an invoice dated April 18 that
shows a billing for $3,848.96 with terms 2/10, 1/15, n/30. Find the cash
discount and net amount if the invoice is paid within 15 days but after 10
days.
Office Max purchased office furniture in the amount of $89,517 and was
invoiced with terms of 2/10, n/30. Cash strapped at the time, Office Max
decided to make a partial payment of $50,000 within 10 days. How
much should be credited to its account? What is the outstanding
balance?
Curves Fitness Center received an invoice for $3,097.15 that was dated
September 8 with terms of 3/15 ROG. The goods being invoiced arrived
on September 12. By what date must the invoice be paid to get the cash
discount? How much should be paid?
QRB 501 Week 3 Team Assignment Trade and
Cash Discount Cases

apply the concepts of trade and cash discounts covered in Ch. 8 to
integrated case studies.
Assignment Steps
Resources: Trade and Cash Discount Cases Excel® Template
Save the Trade and Cash Discount Cases Excel® Template to your
computer.
Complete the two Excel® cases located in the template.
Case 8.1 Chapter 8 Page 305 of your text
Text: Business Math, Eleventh Edition
Case 8.1 Image Manufacturing's Rebate Offer
Case 8.3 Chapter 8 Page 306/307 of
your text
Text: Business Math, Eleventh Edition
Case 8.3 The Artist's Palette

The purpose of this assignment is to provide students opportunities to
reinforce the fundamental topics in data analytics. Through this
assignment, students will learn how to read information from bar charts,
pie charts, line charts, and frequency distributions. Students will also use
Microsoft Excel's pivot table functionality to create frequency
distributions, bar charts, and pie charts. The assignment also includes
evaluating basic descriptive statistics using Microsoft Excel®.
Assignment Steps
Resources: Data Analytics Problem Set Excel® Template, Excel® 2016
Essential Training
Save the Data Analytics Problem Set Excel® Template to your
computer.
Format your paper consistent with APA guidelines.
Fifty business students were given a project to complete. The bar graph
below shows the number of days it took the students to complete the
assignment.
The bar graph below shows the Quarterly Dollar Volume of Batesville
Tire Company. Refer to the bar graph below and answer the questions.
The line chart below shows data for Automobile Gasoline Mileage
Comparisons for full-size and compact cars. Refer to the chart and
answer the questions.
The line chart below shows Dale Crosby's Salary History. Refer to this
chart and answer the questions.
The pie chart below shows the family budget. Refer to the chart and
answer the following questions.
The bar chart shows the distribution of tax dollars. Refer to the chart and
answer the following questions.
The Canmark Research Center Airport Customer Satisfaction Survey
uses an online questionnaire to provide airlines and airports with
customer satisfaction ratings for all aspects of the customers’ flight
experience (airportsurvey website, July 2012). After completing a flight,
customers receive an e-mail asking them to go to the website and rate a

variety of factors, including the reservation process, the check-in
process, luggage policy, cleanliness of gate area, service by flight
attendants, food/beverage selection, on-time arrival, and so on. A five-
point scale, with Excellent, Very Good, Good, Fair, and Poor, is used to
record customer ratings. Assume that passengers on a delta Airlines
flight from Myrtle beach, South Carolina, to Atlanta, Georgia, provided
the following ratings for the question, “Please rate the airline based on
your overall experience with this flight.” The sample ratings are shown
below.
The data below shows the total sales per day of the week by four
salespersons. Use Microsoft Excel to construct a line chart
(graph)showing total sales by the days of the week for Happy's Gift
Shoppe.
Use Excel to find the mean, median, and mode of the scores given
below.
After your MBA, you are employed as a business analyst for a company
that makes household products, which are sold by part-time salespersons
who work during their spare time. The company has four salespersons
employed. Let us denote these salespersons by A, B, C, and D. The sales
records (in dollars) for the past 6 weeks for these four salespersons are
shown in the table below.
The data below shows personal income for Quarters 2014: II - 2015: III
in millions of dollars, seasonally adjusted at annual rate.
Construct a pie chart (circle graph) showing the distribution of market
share using the data below. The data represents the percent dollar market
of comics and magazine sales for September (Rounded to the nearest
whole percent).
QRB 501 Week 4 DQ 1

(Day 3):
How do you apply the time value of money concept to make decisions in
your personal life? How might you use the Time Value of Money
concept as a quantitative reasoning tool in business
QRB 501 Week 4 DQ 2
(Day 5):
Often in personal finance we want to know what our $1 investment
today will be worth in 20 years. In business however, there is more
concern with answering the question, “If I receive $100 in 5 years, what
is that worth today?” To answer this question, modify the formula fv =
pv*((1+i)^n) and use the reciprocal. Simply stated, the reciprocal of a
number is 1 divided by the number; the reciprocal of 10, for example, is
1/10. In the formula above, we divide both sides by ((1+i)^n), which
creates a new formula where the fv is multiplied by the reciprocal of the
original: fv*(1/((1+i)^n))=pv. Select an interest rate and number of
periods—be sure your numbers are different from other students who
already answered this question—to calculate the present value of $100

received in the future. What would the value of $100 in the future be
today given the interest rate and number of periods you selected?
QRB 501 Week 5 DQ 1
(Day 3):
Does all statistical data have a mean, median, or mode? Why? When is
the mean the best measure of central tendency? When is the median the
best measure of central tendency?
QRB 501 Week 5 DQ 2
(Day 5):
What is the middle? If we have student scores of 4.0, 3.7, 3.7, 3.7, and
1.0, the average would be 3.2, whereas both the median and the mode

would be 3.7. Is one of them truly in the middle? How dispersed is this
list? That is, how much do the scores vary from the middle? Consider a
routine task you do daily. Which matters most, the average time it takes
to complete the task or the most frequent amount of time? How much
does the time spent on the task vary? How would you go about finding
the middle of the process.
QRB 501 Week 5 Quantitative Techniques in
Financial Valuation Problem Set
practice and learn the time-value of money concepts covered during
Week 4. Students will understand how to evaluate future values, present
values, interest rates, and time periods for financial investments.
Assignment Steps
Resources: Quantitative Techniques in Financial Valuation Problem Set
Excel® Template
Save the Quantitative Techniques in Financial Valuation Problem Set
Format your paper consistent with APA guidelines.

Find the interest paid on a loan of $1,200 for three years at a simple
interest rate of 5% per year. How much money will you pay after three
years?
Find the maturity value of a loan of $1,750 for 28 months at 9.8%
simple interest per year.
Find the simple interest rate of a loan of $5,000 that is made for three
years and requires $1,762.50 in interest.
A loan of $16,840 is borrowed at 9% simple interest and is repaid with
$4,167.90 interest. What is the duration of the loan?
How much money is borrowed if the interest rate is 9.25% simple
interest and the loan is made for 3.5 years and has $904.88 interest?
Find the ordinary and exact interest for a loan of $1000 at a 5% annual
interest rate. The loan was made on March 15 and is due May 15.
Find the bank discount and proceeds using ordinary interest for a loan to
Michelle Anders for $7,200 at 8.25% annual simple interest from
August 8 to November 8.
What is the effective interest rate of a simple discount note for $8,000, at
an ordinary bank discount rate of 11%, for 120 days?
What is the effective interest rate for the ﬁrst year for a loan of $20,000
for three years if the interest is compounded quarterly at a rate of 12%?
Tim Bowling has $20,000 invested for three years at a 5.25% annual rate
compounded daily. How much interest will he earn?
The Holiday Boutique would like to put away some of the holiday
profits to save for a planned expansion. A total of $8,000 is needed in
three years. How much money in a 5.2% three-year certificate of deposit
that is compounded monthly must be invested now to have the $8,000 in
three years?
Jamie Juarez needs $12,000 in 10 years for her daughter’s college
education. How much must be invested today at 2% annual interest
compounded semiannually to have the needed funds?
QRB 501 Week 5 Team Assignment Financial
Valuation (Time-Value of Money) Cases

apply the concepts of time value of money covered in Ch. 13 to
integrated case studies.
Assignment Steps
Resources: Financial Valuation (Time-Value of Money) Cases
Excel® Template
Save the Financial Valuation (Time-Value of Money) Cases
Complete the three cases located in the template.
Barry learned in an online investment course that he should start
investing as soon as possible. He had always thought that it would be
smart to start investing after he finishes college and when his salary is
high enough to pay the bills and to have money left over. He projects
that will be 5–10 years from now. Barry wants to compare the difference
between investing now and investing later. A financial advisor who
spoke to Barry suggested that a Roth IRA (Individual Retirement
Account) would be a good investment for him to start.
1. If Barry purchases a $2,000 Roth IRA when he is 25 years old and
expects to earn an average of 6% per year compounded annually over 35
years (until he is 60), how much will accumulate in the investment?
2. If Barry doesn’t put the money in the IRA until he is 35 years old,
how much money will accumulate in the account by the time he is 60

years old using the same return of 6%? How much less will he earn
because he invested 10 years later?
3. Barry knows that the interest rate is critical to the speed at which your
investment grows. For instance, if $1 is invested at 2% compounded
annually, it takes approximately 34.9 years to double. If $1 is invested at
5% compounded annually, it takes approximately 14.2 years to double.
Determine how many years it takes $1 to double if invested at 10%
compounded annually; at 12% compounded annually.
4. At what interest rate would you need to invest to have your money
double in 10 years if it is compounded annually?
Abdol Akhim has just come from a Personal Finance class where he
learned that he can determine how much his savings will be worth in the
future. Abdol is completing his two-year business administration degree
this semester and has been repairing computers in his spare time to pay
for his tuition and books. Abdol got out his savings records and decided
to apply what he had learned. He has a balance of $1,000 in a money
market account at First Savings Bank, and he considers this to be an
emergency fund. His instructor says that he should have 3–6 months of
his total bills in an emergency fund. His bills are currently $700 a
month. He also has a checking account and a regular savings account at
First Savings Bank, and he will shift some of his funds from those
accounts into the emergency fund. One of Abdol’s future goals is to buy
a house. He wants to start another account to save the $8,000 he needs
for a down payment.
1. How much interest will Abdol receive on $1,000 in a 365-day year if
he keeps it in the money market account earning 1.00% compounded
daily?
2. How much money must Abdol shift from his other accounts to his
emergency fund to have four times his monthly bills in the account by
the end of the year?
3. Abdol realizes he needs to earn more interest than his current money
market can provide. Using annual compounding on an account that pays
5.5% interest annually, find the amount Abdol needs to invest to have
the $8,000 down payment for his house in 5 years.

4. Is 5.5% a realistic rate for Abdol to earn in a relatively short-term
investment of 5 years, particularly at his bank?
At 45 years of age, Seth figured he wanted to work only 10 more years.
Being a full-time landlord had a lot of advantages: cash flow, free time,
being his own boss—but it was time to start thinking toward retirement.
The real estate investments that he had made over the last 15 years had
paid off handsomely. After selling a duplex and paying the associated
taxes, Seth had $350,000 in the bank and was debt-free. With only 10
years before retirement, Seth wanted to make solid financial decisions
that would limit his risk exposure. Fortunately, he had located another
property that seemed to meet his needs— a well maintained four-unit
apartment. The price tag was $250,000, well within his range, and the
apartment would require no remodeling. Seth figured he could invest the
other $100,000, and between the two hoped to have $1 million to retire
on by age 55.
1. Seth read an article in the local newspaper stating the real estate in the
area had appreciated by 5% per year over the last 30 years. Assuming
the article is correct, what would the future value of the $250,000
apartment be in 10 years?
2. Seth’s current bank offers a 1-year certificate of deposit account
paying 2% compounded semiannually. A competitor bank is also
offering 2%, but compounded daily. If Seth invests the $100,000,how
much more money will he have in the second bank after one year, due to
the daily compounding?
3. After looking at the results from questions 1 and 2, Seth realizes that a
2% return in a certificate of deposit will never allow him to reach his
goal of $1 million in 10 years. Presuming his apartment will indeed be
worth $400,000 in 10 years, compute the future value of Seth’s
$100,000 investment using a 10%, 15%, and 20% return compounded
semiannually for 10 years. Will any of these rates of return allow him to
accomplish his goal of reaching $1 million by age 55?
4. A friend of Seth’s who is a real estate developer needs to borrow
$80,000 to finish a development project. He is desperate for cash and
offers Seth 18%, compounded monthly, for 2.5 years. Find the future
value of the loan.

5. After purchasing the apartment, Seth receives a street, sewer, and
gutter assessment for $12,500 due in 2 years. How much would he have
to invest today in a CD paying 2%, compounded semiannually, to fully
pay the assessment in 2 years?
QRB 501 Week 6 DQ 1
(Day 3):
What are the elements of a decision? How does statistical decision
theory differ in conditions of certainty and uncertainty? When making a
decision, can doing nothing be a valid alternative? Why? Please
remember to cite your sources.
QRB 501 Week 6 DQ 2
(Day 5):

What skills do managers need today? Are these skills different from
management skills of 50 years ago? Why?
QRB 501 Week 6 Signature Assignment Case 1
and Case 2
Assignment Steps
Case 1:
Scenario: Cloud Data Services (CDS), headquartered in Memphis,
provides information technology services, specifically application
hosting services in the cloud for several clients in the southern United
States. CDS hosts software applications on their network servers. While
CDS has achieved great success and customers rate CDS's services
highly, lately, some customers have been complaining about downtime
on one of the primary network servers. The given dataset, found in the
Signature Assignment Excel® Template, contains the downtime data for
the month of November.
Use the data analytics skills learned in Week 3 and analyze the
downtime data.
Make a short presentation to CDS's management including the
following:
1. Using used Microsoft® Excel® Pivot Tables, construct a frequency
distribution showing the number of times during the month that the
server was down for each downtime cause category.

2. Develop a bar chart that displays the data from the frequency
distribution in part 1.
3. Develop a pie chart that breaks down the percentage of total
downtime that is attributed to each downtime cause during the
month.
4. Evaluate the mean, median, standard deviation, and variance of the
downtime minutes for the month of November.
Case 2:
Note: Although you will be studying the concept of CPI in more detail in
your ECO/561 class; for the purpose of this case, you need to use the
concepts of percentages, percentage increase/decrease, and creating and
interpreting line charts to compute the inflation rate in the US economy
and determine which time period experienced the highest inflation rate.
Follow the steps below to complete this signature assignment:
1. Search for the Federal Reserve Bank of St. Louis (FRED).
2. On the home page of the website, you will see a search box.
3. Type in CPI- AUCSL in the search box and press the return key.
4. The first result of the search will be "Consumer Price Index for All
Urban Consumers: All Items." Click on this result link.
5. Click on the Download link and download the data in Excel®.
6. On the Excel® file, the second column gives you the CPI values for
each period starting from 1947.
7. Go to the last row and notice the last date and the CPI value. Go
back 6 years from this last date. For example, if the last date is
2016-11-01,then the date 6 years ago would be 2010-11-01.
8. Copy and paste this six years data into a separate Excel® tab.
9. Using Excel®, calculate the percentage change in CPI from a year
earlier for each observation, beginning with the observation one
year later than the first observation. To make this calculation, click
on the blank cell next to the observation corresponding to that date
and then use Formula 1, located in the Signature Assignment
Excel® Formulas document (note that in Excel®, the symbol for
multiplication is *), where t-1 is the first observation and t is the
observation one year later. For example, to find the percentage
change in CPI from 2010-11-01 to 2010-10-01,refer to Formula 2

located in the Signature Assignment Excel® Formulas document.
Convert this value to a percentage in Excel®. Repeat this process
for the remaining observations (you can use the copy and paste
functions to avoid having to retype the formula).
10. This new column contains the national inflation rate.
11. Create a line graph of the percentage changes (inflation rates)
from a year earlier.
12. Which period experienced the highest inflation rate? What
was the inflation rate during that period?
3. *****************

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