MTH 216
Checkpoint 5
Compute the total cost per year of the following pair of expenses. Then complete the sentence: On an
annual basis, the first set of expenses is 60% of the second set of expenses.
Maria spends $17 on lottery tickets every week and spends $122 per month on food.
To calculate: $17 * 52 = $884 | $122 * 12 = $1,464 THEN 884/1464 = 0.6038 * 100 = 60%
Compute the total cost per year of the following pair of expenses. Then complete the sentence: On an
annual basis, the first set of expenses is 442% of the second set of expenses.
Suzanne's cell phone bill is $85 per month, and she spends $231 per year on student health
insurance.
To calculate: $85 * 12 = $1,020 THEN 1020/231 = 4.4155844 * 100 = 442%
Compute the total cost per year of the following pair of expenses. Then complete the
sentence: On an annual basis, the first set of expenses is 449% of the second set of expenses.
Suzanne's cell phone bill is $73 per month, and she spends $195 per year on student health
insurance.
To calculate: $73 * 12 = $876 THEN 876/195 = 4.49230 * 100 = 449%
Compute the total cost per year of the following pair of expenses. Then complete the sentence: On an
annual basis, the first set of expenses is _% of the second set of expenses.
Sheryl spends $13 every week on cigarettes and spends $32 a month on dry cleaning.
To calculate: $13 * 52 = $676| $32 * 12 = $384 THEN 676/384 = 1.76041 * 100 = 176%
Compute the total cost per year of the following pair of expenses. Then complete the sentence: On an
annual basis, the first set of expenses is _______% of the second set of expenses.
Vern buys ten lottery tickets each week at a cost of $2 each and spends $650 per year on his
textbooks.
To calculate: $20 * 52 = $1,040 THEN 1040/650 = 1.6 * 100 = 160%
,The expenses and income of an individual are given in table form to the right. Find the net monthly
cash flow (it could be positive or negative). Assume salaries and wages are after taxes. When you need
to convert between weeks and months, assume that
1 month equals 4 weeks
Scholarship is annual. Convert to monthly.
INCOME: 3600 divided by 12 = 300 | Add income: 600 + 300 + 300 = $1,200
Groceries: 60 * 4 = 240m | Tuition & Fees: 3600 * 2= 7200/12 = 600m |Incidentals: 60 * 4 = 240m
EXPENSES: 550 + 240 + 600 + 240 = $1,630
INCOME – EXPENSES – Monthly Cash Flow |$1,200 -$1,630 = -430
The net monthly cash flow is $- 430
The expenses and income of an individual are given in table form to the right. Find the net monthly
cash flow (it could be positive or negative). Assume salaries and wages are after taxes. When you need
to convert between weeks and months, assume that 1 month equals 4 weeks.
5400/12 = 450m
INCOME: 700 + 400 + 450 = $1,550
550m |70 * 4 = 280m | 500m | 360m
EXPENSES: $1,690
$1,500-$1,690 = $-140
The net monthly cash flow is $-140.
, The table to the right shows expenses and income for an individual. Find the net monthly cash flow
(it could be negative or positive). Assume that salaries and wages are after taxes, and assume 1
month equals 4 weeks.
INCOME: 2,400m
90*4=360m | 2(420+490) = 1820/12 = 151.67m
EXPENSES: 1000m | 360m | 100m | 151.67m | 100m | 440m | 75m = 2226.67
173.33 = 173
The net monthly cash flow is $173
The accompanying figure summarizes the average spending patterns for people of different ages in a
certain nation. Determine whether the spending pattern given below is equal to, above, or below the
national average. Assume that salaries and wages are after taxes.
A single 30-year-old woman with a monthly salary of $4000 spends $1050 per month on rent
.
The spending pattern is below the national average.
, The accompanying figure summarizes the average spending patterns for people of different ages in a
certain nation. Determine whether the spending pattern given below is equal to, above, or below the
national average. Assume that salaries and wages are after taxes.
A single 59-year-old man with a monthly salary of $2800 spends $340 per month on health care.
The spending pattern is above the national average.
The accompanying figure summarizes the average spending patterns for people of different ages in a
certain nation. Determine whether the spending pattern given below is equal to, above, or below the
national average. Assume that salaries and wages are after taxes.
A retired couple (over 65 years old) with a fixed monthly income of $4300 spends $790 per month on
health care
.
The couple spends 18.4% of the salary on health care per month, which is above the national
average.
TO ANSWER: 790/4300 = 0.1837 THEN multiply by 100 = 18.372 or 18.4%. Above because the
picture above is at 12%.
Checkpoint 5
Compute the total cost per year of the following pair of expenses. Then complete the sentence: On an
annual basis, the first set of expenses is 60% of the second set of expenses.
Maria spends $17 on lottery tickets every week and spends $122 per month on food.
To calculate: $17 * 52 = $884 | $122 * 12 = $1,464 THEN 884/1464 = 0.6038 * 100 = 60%
Compute the total cost per year of the following pair of expenses. Then complete the sentence: On an
annual basis, the first set of expenses is 442% of the second set of expenses.
Suzanne's cell phone bill is $85 per month, and she spends $231 per year on student health
insurance.
To calculate: $85 * 12 = $1,020 THEN 1020/231 = 4.4155844 * 100 = 442%
Compute the total cost per year of the following pair of expenses. Then complete the
sentence: On an annual basis, the first set of expenses is 449% of the second set of expenses.
Suzanne's cell phone bill is $73 per month, and she spends $195 per year on student health
insurance.
To calculate: $73 * 12 = $876 THEN 876/195 = 4.49230 * 100 = 449%
Compute the total cost per year of the following pair of expenses. Then complete the sentence: On an
annual basis, the first set of expenses is _% of the second set of expenses.
Sheryl spends $13 every week on cigarettes and spends $32 a month on dry cleaning.
To calculate: $13 * 52 = $676| $32 * 12 = $384 THEN 676/384 = 1.76041 * 100 = 176%
Compute the total cost per year of the following pair of expenses. Then complete the sentence: On an
annual basis, the first set of expenses is _______% of the second set of expenses.
Vern buys ten lottery tickets each week at a cost of $2 each and spends $650 per year on his
textbooks.
To calculate: $20 * 52 = $1,040 THEN 1040/650 = 1.6 * 100 = 160%
,The expenses and income of an individual are given in table form to the right. Find the net monthly
cash flow (it could be positive or negative). Assume salaries and wages are after taxes. When you need
to convert between weeks and months, assume that
1 month equals 4 weeks
Scholarship is annual. Convert to monthly.
INCOME: 3600 divided by 12 = 300 | Add income: 600 + 300 + 300 = $1,200
Groceries: 60 * 4 = 240m | Tuition & Fees: 3600 * 2= 7200/12 = 600m |Incidentals: 60 * 4 = 240m
EXPENSES: 550 + 240 + 600 + 240 = $1,630
INCOME – EXPENSES – Monthly Cash Flow |$1,200 -$1,630 = -430
The net monthly cash flow is $- 430
The expenses and income of an individual are given in table form to the right. Find the net monthly
cash flow (it could be positive or negative). Assume salaries and wages are after taxes. When you need
to convert between weeks and months, assume that 1 month equals 4 weeks.
5400/12 = 450m
INCOME: 700 + 400 + 450 = $1,550
550m |70 * 4 = 280m | 500m | 360m
EXPENSES: $1,690
$1,500-$1,690 = $-140
The net monthly cash flow is $-140.
, The table to the right shows expenses and income for an individual. Find the net monthly cash flow
(it could be negative or positive). Assume that salaries and wages are after taxes, and assume 1
month equals 4 weeks.
INCOME: 2,400m
90*4=360m | 2(420+490) = 1820/12 = 151.67m
EXPENSES: 1000m | 360m | 100m | 151.67m | 100m | 440m | 75m = 2226.67
173.33 = 173
The net monthly cash flow is $173
The accompanying figure summarizes the average spending patterns for people of different ages in a
certain nation. Determine whether the spending pattern given below is equal to, above, or below the
national average. Assume that salaries and wages are after taxes.
A single 30-year-old woman with a monthly salary of $4000 spends $1050 per month on rent
.
The spending pattern is below the national average.
, The accompanying figure summarizes the average spending patterns for people of different ages in a
certain nation. Determine whether the spending pattern given below is equal to, above, or below the
national average. Assume that salaries and wages are after taxes.
A single 59-year-old man with a monthly salary of $2800 spends $340 per month on health care.
The spending pattern is above the national average.
The accompanying figure summarizes the average spending patterns for people of different ages in a
certain nation. Determine whether the spending pattern given below is equal to, above, or below the
national average. Assume that salaries and wages are after taxes.
A retired couple (over 65 years old) with a fixed monthly income of $4300 spends $790 per month on
health care
.
The couple spends 18.4% of the salary on health care per month, which is above the national
average.
TO ANSWER: 790/4300 = 0.1837 THEN multiply by 100 = 18.372 or 18.4%. Above because the
picture above is at 12%.
