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Business
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Business Mathematics
Quiz 1: Review and Applications of Basic Mathematics
Path 4
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Question 121
Short Answer
Ms. Yong invested a total of $73,400 in three mutual funds as shown in the table below. The third column shows the change in value of each fund during the subsequent six months.
What was the percent change in value of Ms. Yong's overall mutual fund portfolio during the six-month holding period?
Question 122
Short Answer
One year ago Helga allocated the funds in her portfolio among five securities in the amounts listed in the following table. The rate of return on each security for the year is given in the third column of the table.
Calculate the rate of return for the entire portfolio.
Question 123
Short Answer
The fiscal year for Pine Valley Skiing Ltd., the owner of a downhill skiing facility, ends on June 30. The company began the recently completed fiscal year with its summer maintenance crew of 7. The following table presents the sequence of employee hirings and layoffs during the fiscal year.
What was the average number of employees working for Pine Valley during the fiscal year? (Assume that each month has the same length.)
Question 124
Short Answer
Evaluate the answer correct to the cent: -