1. A mutual fund has total assets of $57,000,000 and liabilities of $8,550,000. If 15,960,000
shares are outstanding, what is the net asset value of the fund?
A. $1.30 per share
B. $3.04 per share
C. $3.28 per share
D. $4.80 per share
2. Look at the bar graph shown in Figure A-5. This graph illustrates the amount of heating oil
that was consumed over the winter months in the Henderson household. According to the
graph, during which month did the Hendersons use the largest amount of heating oil?
A. January
B. February
C. November
D. December
3. According to the bar graph shown in Figure A-5, what was the smallest amount of heating
oil the Hendersons used during any one month?
A. 10.0 gallons
B. 10.5 gallons
C. 11.0 gallons
D. 11.5 gallons
1. Sam bought a stereo for a total of $676.24, including state sales tax. The state sales tax rate is 7%. What was the total amount of sales tax on the stereo?
A. $632.00
B. $85.59
C. $47.34
D. $44.24
2. The Shawnee Company paid a dividend of $0.42 per share last year. If the current selling price of the stock is $27.38, what is the current yield on the stock?
A. 0.7%
B. 1.5%
C. 1.7%
D. 6.5%
3. The circle chart shown in Figure A-6 illustrates the favorite foods of a selected group of five-year-old children. A total of 5,280 children were polled in order to construct this chart. According to the information provided in the chart, how many children chose pizza as their favorite food?
A. 211
B. 739
C. 1,584
D. 2,112
1. When discussing stocks, the term stock yields refer to the
A. fee the stockbroker charges to assist with the sale or purchase of stocks.
B. closing price per share.
C. rate of dividends per share.
D. the amount of money an investor receives after selling a stock.
2. A street vendor recorded the following hot dog sales for the week: 100 on Monday, 87 on
Tuesday, 95 on Wednesday, 125 on Thursday, 210 on Friday, 250 on Saturday, and 57 on
Sunday. What is the mean sales per day?
A. 210
B. 185
C. 132
D. 57
3. A fire insurance policy has an annual premium of $780. What is the regular refund if the
policy is canceled by the insurance company after five months?
A. $455.00
B. $325.00
C. $156.00
D. $111.43
1. What is the total amount of tax due on a property with an assessed value of $315,200?
The property tax rate is 53.7 mills.
A. $169,262.40
B. $16,926.24
C. $5,869.65
D. $315.00
2. Determine the median of the following numbers: 25, 28, 22, 27, 25, 20, 30, 23, 27, and 29.
A. 25
B. 26
C. 27
D. 28
3. Which of the following is a type of vehicle insurance that covers damage sustained by the
insured’s vehicle in an accident?
A. Collision
B. Liability
C. Comprehensive
D. Deductible
1. Clara Wieck Schumann’s “Forward!” was written for a/an
A. full orchestra.
B. brass band.
C. madrigal choir.
D. a capella chorus.
2. Prolonged exposure to volume greater than _______ decibels is considered dangerous.
A. 40
B. 70
C. 80
D. 50
3. The overture to A Midsummer Night’s Dream is a one-movement work
A. famous for the interplay of piano, violin, and cello.
B. in sonata form.
C. known for the massive sound of the orchestra.
D. that presents the same basic musical idea in each strophe of the text.
