International Business

Unit 5: Your Future in International Business

Math Practice

1.
Yvonne Simmons is a technical writer at ZAP Electronics in Asia with an annual salary of $72,500. The board of directors at ZAP voted to give all employees a cost-of-living adjustment of 1.5 percent, and Simmons a merit increase of 4 percent. What will Simmons's salary be for the upcoming year?
A)$73,587.50
B)$75,400.00
C)$76,487.50
D)$76,531.00
2.
The personnel department of Credit Counselors is preparing annual reports on employee benefits. Vincent Tucker's gross annual salary is $36,500. His benefits total $10,079.71. Vincent's total annual benefits are what percent of his annual salary?
A)27.0%
B)2.7%
C)3.0%
D)30.0%
3.
Mid-Valley Radiology will reimburse Judy Wyman for attending a 2-day training class on new ultra-sound equipment. Wyman drove to the class and will receive $0.32 per mile for the 420 miles round-trip. In addition, the conference registration fee is $145, the hotel is $125 for one night, and her meal allowance is $45 for each day. What is the total cost of sending Wyman to the conference?
A)$360.00
B)$494.40
C)$628.80
D)$718.80
4.
Mary Chapman had been working at First Savings for 18 years when she became permanently disabled and could not continue to work. She was 50 years old and had planned to retire in 12 years. Her final average salary was $34,500. First Savings' rate to calculate disability benefits is 2 percent. What is Chapman's monthly disability benefit payment?
A)$690.00
B)$862.50
C)$1,035.00
D)$1,725.00
5.
The current annual salary of a teacher is $34,500. The salary in 1989 was $29,500. What is the CPI for teachers' salaries?
A)14.49
B)16.95
C)114.49
D)116.95
6.
Out of Bounds wanted to earn $2,920,000 in international revenues for the year. The company expected to earn 60 percent of its revenues from sales, 30 percent from services, and 10 percent from return on investments. At the end of the year, a budget analysis was sent to each manager showing the expected amounts and the actual amounts from each area. Sales showed revenues of $1,755,965; service showed $882,000, and return on investments showed $272,500. In what area did the company fail to reach its goals in revenues?
A)sales
B)service
C)return on investment
D)no area
7.
Reel Records has a $150,000 cash surplus. The financial manager used the cash to invest in CD issued by American Electric at 6 percent for 90 days. The bank charges a service fee of $50. What is the cost of the CD?
A)$147,650
B)$147,800
C)$152,250
D)$158,950
8.
Mega Mulch borrowed $50,000 from its bank to pay for new equipment. The bank lent the money at 8 percent ordinary interest for 180 days. What is the maturity value of the loan?
A)$52,000
B)$54,000
C)$56,000
D)$58,000
9.
Betty Wu has family medical coverage through her employer's group medical plan. The annual cost of her coverage is $5,500. If her employer pays 65 percent of the coverage, how much does Wu have to pay?
A)$37.02
B)$68.75
C)$1,925.00
D)$3,575.00
10.
Nancy DiMasio has a family membership in a group health insurance program. The annual premium is $4,500. DiMasio's employer pays 80 percent of the total cost. What is DiMasio's annual contribution?
A)$900.00
B)$1,800.00
C)$2,700.00
D)$3,600.00
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