if you show me your work and where you're getting stuck I'd be glad to help you
I know this is alot of work, but im hoping someone can help me.
The price of the common shares of Swan Furnace Cleaners was valued at $43.88 at the end of 2007, increased by 14.32% in 2008, and overall increased by 12.46% over the two year period 2007/2008. What was the original price of each share at the beginning of 2007?
For full marks your answer should be rounded to the nearest cent.
Question 2 [5 points]
If the Canadian dollar is worth 31% less than the U.S. dollar, then the US dollar is worth what percent more than the Canadian dollar?
For full marks your answer should be rounded to the nearest hundredth of a percent.
Question 3 [5 points]
In a 15%-off sale, the reduced price of a cellular phone was $112.80. What was the regular price of the cellular phone?
For full marks your answer should be rounded to the nearest cent.
Question 4 [4 points]
Four years ago the value of your home was $172,000. This value has increased by 31% to the current level. The C.P.I. was 134 four years ago and is 160 today.
a) By what percent did the house price rise above that of inflation?
For full marks your answer should be rounded to the nearest hundredth of a percent.
b)Did the actual price of the house increase or decrease over the inflation rate? IncreaseDecrease
Question 5 [5 points]
If the Classic Coverings shares in the following table pay a $1.28 per share dividend in 2008, what must the share price be at the end of 2008 for a rate of total return in 2008 of 7%?
For full marks your answer should be rounded to the nearest cent.
price at the end of:
2005 - 56.18
2005 - 53.93
2007- 38.46
dividens paid in
2006 - .39
2007 - .41
Question 6 [4 points]
Second Time Around Clothing currently has shares selling at $14.30 each. It expects to have shares selling for $15.40 each and dividends of $0.25 per share per year after one year. You will not invest your money unless you think you can get a rate of return of 9%.
a) Calculate the rate of return for 1 year.
Round your answer to the nearest hundredth of a percent.
b)Will you invest in Second Time Around Clothing? YesNoQuestion 7 [5 points]
After a gain of 60% in the first year and a gain of 30% in the second year, the cumulative gain was 87.2%. What was the rate of return in the third year?
For full marks your answer should be rounded to the nearest hundredth of a percent.
Question 10 [5 points]
The school board employed 325 teachers for the 6,779 students enrolled in the district's schools last year. The district expects student enrollment to be 6,239 for this year. Assuming the same teacher-student ratio for this year, how many teachers will school board need to employ?
Question 11 [3 points]
Becky's annual salary of $38,400 is paid bi-weekly, based on an average of 52.0 weeks in a year. What hourly rate would he be paid for overtime at double and a half if his work week is 40 hours?
Round your answer to the nearest cent.
Question 12 [5 points]
A 5-year magazine subscription costs $200 and may be canceled at any time, and a prorated refund will be made for the remaining weekly issues. If Wynn cancels his subscription after receiving 51 issues in the 4th year, what refund would he get?
Assume there are exactly 52 weeks in a year.
For full marks your answer should be rounded to the nearest cent.
Question 13 [5 points]
The Monser's assets are to be divided among their three children Jason, Stefan, and Radu in the ratio of 7 : 4 : 3.
a) If Stefan received $7,000 from the sale of securities, what amount should Jason receive?
For full marks your answer should be rounded to the nearest cent.
b) What amount should Stefan receive from the sale of his parents' boat for $34,000?
For full marks your answer should be rounded to the nearest cent.
Question 14 [5 points]
a) If 1.00 Euro = $1.54017 Canadian Dollars, how many Euros can be purchased with C$5,000?
For full marks your answer should be rounded to the nearest cent.
b) If 1.00 Canadian dollar = 0.41040 British Pounds, how many Canadian dollars can be purchased with 3,000 British Pounds?
For full marks your answer should be rounded to the nearest cent.
Question 15 [5 points]
Raisel has just returned from a business trip in Britain with £150 of uncashed traveller's cheques. How much would she receive from the bank when she converts the currency back to Canadian dollars, assuming that the bank offers an exchange rate of C$1.00 = £0.4509 and charges a 0.75% fee to convert the traveller's cheques to Canadian funds?
For full marks your answer should be rounded to the nearest cent.
Question 17 [5 points]
Becky invested $50,000 in the Dow-Jones Industrial Average Stocks many years ago. If ten years later, when the index was at 9,156 her investment was worth $644,000, what must the index have been when Becky made her initial investment?
For full marks your answer should be rounded to two decimal places.