1. Determining Profit or Loss from an Investment. Three years ago, you purchased 150 shares of IBM stock for $88 a share. Today, you sold your IBM stock for $103 a share. For this problem, ignore commissions that would be charged to buy and sell your IBM shares.
a. What is the amount of profit you earned on each share of IBM stock?
b. What is the total amount of profit for your IBM investment?
2. Calculating Rate of Return. Assume that at the beginning of the year, you purchase an investment for
$8,000 that pays $100 annual income. Also assume the investment’s value has decreased to $7,400 by the end of the year.
a. What is the rate of return for this investment?
b. Is the rate of return a positive or negative number?
3. Calculating Earnings Per Share, Price-Earnings Ratio, and Book Value. As a stockholder in Bozo Oil Company, you receive its annual report. In the financial statements, the firm has reported assets of $9 million, liabilities of $5 million, after-tax earnings of $2 million, and 750,000 outstanding shares of common stock.
a. Calculate the earnings per share of Bozo Oil’s common stock.
b. Assuming that a share of Bozo Oil’s common stock has a market value of $40, what is the firm’s price-earnings ratio?
c. Calculate the book value of a share of Bozo Oil’s common stock.
4. Determining Interest and Approximate Bond Value. Assume that three years ago, you purchased a
corporate bond that pays 9.5 percent. The purchase price was $1,000. Also assume that three years after your bond investment, comparable bonds are paying 8 percent.
a. What is the annual dollar amount of interest that you will receive from your bond investment?
b. Assuming that comparable bonds are paying 8 percent, what is the approximate dollar price for which you could sell your bond?
c. In your own words, explain why your bond increased or decreased in value.
5. Using Margin. Bill Campbell invested $4,000 and borrowed $4,000 to purchase shares in Wal-Mart. At the time of investment, Wal-Mart was selling for $45 a share.
a. If Bill paid $30 commission, how many shares could Bill buy if he used only his own money and did not use margin?
b. If Bill paid $50 commission, how many shares could Bill buy if he used his $4,000 and borrowed $4,000 on margin to buy Wal-Mart stock?
c. Assuming that Bill did use margin, paid $90 commission to sell his stock, and sold his Wal-Mart stock for $53, how much profit did he make on his Wal-Mart investment?
6. Calculating yields. Assume you purchased a corporate bond at its current market price of $850 on January 2, 2002. It pays 9 percent interest and it will mature on December 31, 2011, at which time the corporation will pay you the face value of $1,000.
a. Determine the current yield on your bond investment at the time of purchase.
b. Determine the yield to maturity on your bond investment.
Sunday, February 21, 2016
As you have most likely discovered, this class emphasizes how math is used in real life situations
Final Project As you have most likely discovered, this class emphasizes how math is used in real life situations. We will continue that theme for the Final Project where you will create a five slide presentation that details how you will use math in your future profession.
What to include on each slide:
Slide 1: This is your title page. Include your name, project title, the course and section number and the date.
Slide 2: Introduce your future profession by giving an overview. Explain what your future profession is, what type of job you would like to get and what responsibilities you will have. Write your overview as if you are explaining your job to someone who has no idea what you will be doing.
Slide 3: Identify a concept from the course and explain how it will be used in your profession. Give an example to illustrate the concept.
Slide 4: Identify a second concept from the course and explain how it will be used in your profession. Give an example to illustrate the concept.
Slide 5: List any resources that you used in creating your presentation. Because we are using concepts covered in class, your textbook should be included as one of your resources.
Other important guidelines: •This course does not teach PowerPoint. Make sure you choose a format you are familiar with. •Creating an Effective PPT Presentation •Proofread your work carefully. Use Standard American English, and make sure your presentation is grammatically correct and does not contain spelling errors. Strive to display exceptional content, organization, style and mechanics. Consider submitting your Final Project to the KU Writing Center for feedback. They will look at your project with a fresh set of eyes and give you excellent tips for improving your Final Project and your writing, in general. Submit your Final Project to the Unit 9 Drop Box for grading. •Click the link that says “Submit an Assignment.” •In the “Submit to Basket” menu, select “Unit 9: Dropbox.” •In the “Comments” field, make sure to add at least the title of your paper. •Click the “Add Attachments” button. •Follow the steps listed to attach your presentation . To view your graded work, come back to the Dropbox or go to the Gradebook after your instructor has evaluated it.
Share your presentation at the Math Fair in Unit 10. Use the opportunity to show how math will be used in your profession and discover how math will be used in other professions.
What to include on each slide:
Slide 1: This is your title page. Include your name, project title, the course and section number and the date.
Slide 2: Introduce your future profession by giving an overview. Explain what your future profession is, what type of job you would like to get and what responsibilities you will have. Write your overview as if you are explaining your job to someone who has no idea what you will be doing.
Slide 3: Identify a concept from the course and explain how it will be used in your profession. Give an example to illustrate the concept.
Slide 4: Identify a second concept from the course and explain how it will be used in your profession. Give an example to illustrate the concept.
Slide 5: List any resources that you used in creating your presentation. Because we are using concepts covered in class, your textbook should be included as one of your resources.
Other important guidelines: •This course does not teach PowerPoint. Make sure you choose a format you are familiar with. •Creating an Effective PPT Presentation •Proofread your work carefully. Use Standard American English, and make sure your presentation is grammatically correct and does not contain spelling errors. Strive to display exceptional content, organization, style and mechanics. Consider submitting your Final Project to the KU Writing Center for feedback. They will look at your project with a fresh set of eyes and give you excellent tips for improving your Final Project and your writing, in general. Submit your Final Project to the Unit 9 Drop Box for grading. •Click the link that says “Submit an Assignment.” •In the “Submit to Basket” menu, select “Unit 9: Dropbox.” •In the “Comments” field, make sure to add at least the title of your paper. •Click the “Add Attachments” button. •Follow the steps listed to attach your presentation . To view your graded work, come back to the Dropbox or go to the Gradebook after your instructor has evaluated it.
Share your presentation at the Math Fair in Unit 10. Use the opportunity to show how math will be used in your profession and discover how math will be used in other professions.
Five years ago, you bought a house for $151,000, with a down payment of $30,000
Five years ago, you bought a house for $151,000, with a down payment of $30,000, which meant you took out a loan for $121,000. Your interest rate was 5.75% fixed. You would like to pay more on your loan. You check your bank statement and find the following information:
Escrow payment
$211.13
Principle and Interest payment
$706.12
Total Payment
$917.25
Current Loan Balance
$112,242.47
Explain how much additional money you would need to add to your monthly payment to pay off your loan in 20 years instead of 25. Explain whether or not it would be reasonable to do this is if you currently meet your monthly expenses with less than $100 left over. It might be possible to pay the current balance off in 20 years if you refinanced the loan at a lower interest rate. The interest rate that you qualify for will depend, in part, on your credit rating. Identify the highest interest rate you could refinance at in order to do this and determine the interest rate that would require a monthly total payment that is less than your current total payment. Also, refinancing costs you $2000 up-front in closing costs. Explain whether it is more or less reasonable to consider refinancing your loan. In order to answer this, you need to look at different interest rates. Know that if you refinance, your minimum monthly payments will be based on a 30-year loan (though you still want to be done in 20 years). Also, refinancing costs you a couple of thousand dollars up front in closing costs.
Escrow payment
$211.13
Principle and Interest payment
$706.12
Total Payment
$917.25
Current Loan Balance
$112,242.47
Explain how much additional money you would need to add to your monthly payment to pay off your loan in 20 years instead of 25. Explain whether or not it would be reasonable to do this is if you currently meet your monthly expenses with less than $100 left over. It might be possible to pay the current balance off in 20 years if you refinanced the loan at a lower interest rate. The interest rate that you qualify for will depend, in part, on your credit rating. Identify the highest interest rate you could refinance at in order to do this and determine the interest rate that would require a monthly total payment that is less than your current total payment. Also, refinancing costs you $2000 up-front in closing costs. Explain whether it is more or less reasonable to consider refinancing your loan. In order to answer this, you need to look at different interest rates. Know that if you refinance, your minimum monthly payments will be based on a 30-year loan (though you still want to be done in 20 years). Also, refinancing costs you a couple of thousand dollars up front in closing costs.
The purpose of this Discussion is to analyze a financial plan that portrays
The purpose of this Discussion is to analyze a financial plan that portrays a somewhat typical budgeting scheme. You will calculate expenses, a mortgage payment, and the effects of interest and financing on your budget. Show your math work for every answer and identify the answers with words.
1. Select the first three letters of your last name. Each letter has a numerical place value in the alphabet. For example, D is 4, L is 12, and Z is 26. Add the three place values together. For example, Wallace would yield WAL, which is 23+1+12 = 36.
2. Multiply your sum by 1500. This is your yearly income for Week Four Discussion 1.
3. Please use the following monthly expenses: Car payment = $283.15, Car insurance = $72, Utilities (includes water and power) = $242.77, Internet = $32, and Cell Phone = $79.95.
4. You also have a yearly educational bill of $7980 which includes textbooks and classes.
5. Calculate your monthly income.
6. What percent of your monthly income is the car payment?
7. Subtract the sum of your monthly expenses. Use this value to calculate what percent of your income is now available to spend for food, clothing, and your rent or mortgage.
8. Use the plan at the bottom of page 454, “Mathematics in Our World Revisited,” to calculate the monthly mortgage payment established by your monthly income.
9. Assume you can afford a down payment equal to 25% of your yearly income. What is the total purchase price can you afford for a home? Would this amount allow you to purchase a home in the area where you live?
1. Select the first three letters of your last name. Each letter has a numerical place value in the alphabet. For example, D is 4, L is 12, and Z is 26. Add the three place values together. For example, Wallace would yield WAL, which is 23+1+12 = 36.
2. Multiply your sum by 1500. This is your yearly income for Week Four Discussion 1.
3. Please use the following monthly expenses: Car payment = $283.15, Car insurance = $72, Utilities (includes water and power) = $242.77, Internet = $32, and Cell Phone = $79.95.
4. You also have a yearly educational bill of $7980 which includes textbooks and classes.
5. Calculate your monthly income.
6. What percent of your monthly income is the car payment?
7. Subtract the sum of your monthly expenses. Use this value to calculate what percent of your income is now available to spend for food, clothing, and your rent or mortgage.
8. Use the plan at the bottom of page 454, “Mathematics in Our World Revisited,” to calculate the monthly mortgage payment established by your monthly income.
9. Assume you can afford a down payment equal to 25% of your yearly income. What is the total purchase price can you afford for a home? Would this amount allow you to purchase a home in the area where you live?
Describe a variety of techniques for encouraging curiosity toward mathematics in a classroom
Describe a variety of techniques for encouraging curiosity toward mathematics in a classroom that includes multicultural students and students with exceptionalities.
Write an essay (suggested length of 1–2 pages) in which you:
A. Identify at least four appropriate strategies a teacher could use to encourage student curiosity in mathematics.
B. Explain the purpose of each strategy.
C. Explain how a teacher could apply each strategy in the classroom.
D. When you use sources, include all in-text citations and references in APA format.
Write an essay (suggested length of 1–2 pages) in which you:
A. Identify at least four appropriate strategies a teacher could use to encourage student curiosity in mathematics.
B. Explain the purpose of each strategy.
C. Explain how a teacher could apply each strategy in the classroom.
D. When you use sources, include all in-text citations and references in APA format.
The purpose of this Discussion is to analyze a financial plan that portrays a somewhat typical budgeting scheme
The purpose of this Discussion is to analyze a financial plan that portrays a somewhat typical budgeting scheme. You will calculate expenses, a mortgage payment, and the effects of interest and financing on your budget. Show your math work for every answer and identify the answers with words. Select the first three letters of your last name. Each letter has a numerical place value in the alphabet. For example, D is 4, L is 12, and Z is 26. Add the three place values together. For example, Wallace would yield WAL, which is 23+1+12 = 36. Multiply your sum by 1500. This is your yearly income for Week Four Discussion 1. Please use the following monthly expenses: Car payment = $283.15, Car insurance = $72, Utilities (includes water and power) = $242.77, Internet = $32, and Cell Phone = $79.95. You also have a yearly educational bill of $7980 which includes textbooks and classes. Calculate your monthly income. What percent of your monthly income is the car payment? Subtract the sum of your monthly expenses. Use this value to calculate what percent of your income is now available to spend for food, clothing, and your rent or mortgage. Use the plan at the bottom of page 538, “Mathematics in Our World Revisited,” to calculate the monthly mortgage payment established by your monthly income. Assume you can afford a down payment equal to 25% of your yearly income. What is the total purchase price can you afford for a home? Would this amount allow you to purchase a home in the area where you live? Respond to at least two of your classmates’ postings. Make sure you review their calculations and let them know if their income seems sufficient to cover their monthly expenses
Your client, a manufacturer of computer components, has experienced slowing demand for its product
Your client, a manufacturer of computer components, has experienced slowing demand for its product. Recently, it cut back from three shifts a day to two shifts a day, and the company has eliminated the backlog of orders that existed in prior years by providing financing to customers. Newspaper reports indicate that competition has taken significant business away from the client because a large investment in R&D has not resulted in improved products. Furthermore, a small handful of your client’s customers are experiencing financial difficulties because of slowing demand for your client’s products.
Required
a. Consider the implications of the above information for revenues. What assertions, if any, are likely to be misstated? As a result, what accounts are likely to be overstated or understated? Explain your reasoning.
b. Consider the implications of the above information for inventory. What assertions, if any, are likely to be misstated? As a result, what accounts are likely to be overstated or understated? Explain your reasoning.
Required
a. Consider the implications of the above information for revenues. What assertions, if any, are likely to be misstated? As a result, what accounts are likely to be overstated or understated? Explain your reasoning.
b. Consider the implications of the above information for inventory. What assertions, if any, are likely to be misstated? As a result, what accounts are likely to be overstated or understated? Explain your reasoning.
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