Tues Dec 15

Homework

• catch up on missing assignments (see below)

Coming soon...

• Ch. 3: Linear Systems
• Christmas Party! Thurs Dec 17
  

Need to catch up?

• Ch. 5 Test on Finance (/130)
  
• quiz on Interest (/18)
  
• worksheet on Compound Interest (/28)
  
• worksheet on Simple Interest (/13)

Thurs Dec 10

Homework

• finish Ch. 5 review package (20 questions) -- see answer key below
  
• study for Ch. 5 Test on Finance -- next class, Tues Dec 15

Coming soon...

• Ch. 3: Linear Systems
• Christmas Party! Thurs Dec 17
  

Need to catch up?

• quiz on Interest (/18)
  
• worksheet on Compound Interest (/28)
  
• worksheet on Simple Interest (/13)

CH. 5 REVIEW PACKAGE ANSWER KEY

---

1. a) $1017; wage
b) $348; wage
c) $467; commission
d) $1106.07; piecework
e) $1226; graduated commission

2. Bob will make $3/hr more with the hourly wage.

3. CPP = $37.32
EI = $30.63
Tax Exempt Deductions: RRSP, union dues
Taxable Income = $1117
Income Tax = $227.60
Total Deductions = $379.55
Gross Earnings = $821.45

4. CPP = $53.40
EI = $53.40
Tax Exempt Deductions: RRSP
Taxable Income = $1680
Annual Taxable Income = $40320 so use 29%
Income Tax = 29% of $1680 = $487.20
Total Deductions = $711.80
Gross Earnings = $1068.20

5. To find unit price, divide the price by the amount (e.g. $0.79 / 341 mL)
a) 341 mL
b) 700 g
c) 300 mL
d) 10 blades

6. a) $1.40 each in 10-pack vs. $1.50 each in package of 2, so 10-pack is better deal
b) No, you may only need 1 or 2 tapes; no point in buying 10-pack.

7. property tax for the year = $2296.96
should budget $191.41 per month

8. a) $0.0799 x 50 = $4
b) $0.0799 x 80 000 = $6392
c) 1 / 0.0799 = 12.516 Mex Peso
d) 600 / 0.0799 = 7509.387 Mex Peso

9. a) 1 / 0.0227 = 44.053 rupee
b) $0.0227 x 700 = $15.89
c) 8000 / 0.0227 = 352 422.908 rupee
d) $0.0227 x 60 = $1.36

10. a) $45 x 4 = $180 US
$180 US = 180 / 0.75 = $240 CAN
b) No, they've only saved $220 so they're $20 short.

11. (225 + 250) x 3 = $1425 US
$1425 US x 1.45 = $2066.25 CAN
$2066.25 + 800 = $2866.25
$2866.25 / 5 = $573.25 per month

12. $617.26

13. Changes to transaction record: change $35 to $30, add service charge of $20; new balance = $1408
Changes to Bank statement: add uncleared cheques $90 and $246; new balance = $1408

14. Total Float: $156
Total Cash Take: $1082.93
Total Take (including credit, debit, cheques, refunds): $3823.67
Net Sales Revenue: $3667.69

15. a) $101.25
b) $16.88
c) $8.32

16. a) $1.42
b) $1.82

17. $3.17

18. 6.83%

19. $3148.15

20. a) 32%; 21%; 5%; 26%; 8%; 3%; 5%
b) Over recommended guidelines: transportation
Under recommended guidelines: savings, miscellaneous
Within recommended guidelines: housing and utilities, food and clothing, health and personal care, recreation and education

Tues Dec 9

Homework

• worksheet on 5.8: Budgets
• start studying for Ch. 5 Test on Finance (Tues Dec 15)

Coming soon...

• Ch. 5 Test - Tues Dec 15
  

Need to catch up?

• quiz on Interest (/18)
  
• worksheet on Compound Interest (/28)
  
• worksheet on Simple Interest (/13)

Fri Dec 4

Homework

• worksheet on Compound Interest (all the questions)
• study for Interest Quiz (both simple interest and compound interest) - 8 questions
  

Coming soon...

• Interest Quiz
  
• Ch. 5 Test
  

Need to catch up?

• worksheet on Compound Interest (/28)
  
• worksheet on Simple Interest (/13)

Wed Dec 2

Homework

• worksheet on Compound Interest #1 abc
  

Coming soon...

• Ch. 5 Test
  

Need to catch up?

• worksheet on Simple Interest (/13)

Mon Nov 30

Homework

• worksheet on Simple Interest #1-11
  

Coming soon...

• 5.5 - Compound Interest
  

Need to catch up?

• worksheet on Simple Interest (/13)
  

Mon Nov 30

Homework

• worksheet on Simple Interest #1-2; complete worksheet due next class
• corrections on Quiz 5.1-5.4
  

Coming soon...

• 5.5 - Compound Interest
  

Need to catch up?

• Quiz on 5.1-5.4 (/34)
• 5.4 worksheet
  
• 5.3 - p. 239#1, 2, 5, 6, 7, 8
• 5.1 Quiz
  
• 5.1 - p. 226 #6, 9
  
• Ch. 1 Test (/100)
  
• Project on 1.3 (/10)
• 1.3 - p.35 #1-4 (/6)
• 1.2 - p. 26 #1-9 (/35)
• Quiz on 1.1 (/20)
• 1.1 - p. 14 #1, 2, 4, 6-8 (/30)

Thurs Nov 26

Homework

• worksheet on Simple Interest #1-2; complete worksheet due next class
• corrections on Quiz 5.1-5.4
  

Coming soon...

• 5.5 - Compound Interest
  

Need to catch up?

• Quiz on 5.1-5.4 (/34)
• 5.4 worksheet
  
• 5.3 - p. 239#1, 2, 5, 6, 7, 8
• 5.1 Quiz
  
• 5.1 - p. 226 #6, 9
  
• Ch. 1 Test (/100)
  
• Project on 1.3 (/10)
• 1.3 - p.35 #1-4 (/6)
• 1.2 - p. 26 #1-9 (/35)
• Quiz on 1.1 (/20)
• 1.1 - p. 14 #1, 2, 4, 6-8 (/30)

Tues Nov 24

Coming soon...

• 5.5 - Simple Interest and Compound Interest
  

Need to catch up?

• Quiz on 5.1-5.4 (/34)
• 5.4 worksheet
  
• 5.3 - p. 239#1, 2, 5, 6, 7, 8
• 5.1 Quiz
  
• 5.1 - p. 226 #6, 9
  
• Ch. 1 Test (/100)
  
• Project on 1.3 (/10)
• 1.3 - p.35 #1-4 (/6)
• 1.2 - p. 26 #1-9 (/35)
• Quiz on 1.1 (/20)
• 1.1 - p. 14 #1, 2, 4, 6-8 (/30)

Fri Nov 20

Homework:

• Study for Quiz on 5.1-5.4 on Tues Nov 24
  

Coming soon...

• 5.5 - Interest
  

Need to catch up?

• 5.4 worksheet
  
• 5.3 - p. 239#1, 2, 5, 6, 7, 8
• 5.1 Quiz
  
• 5.1 - p. 226 #6, 9
  
• Ch. 1 Test (/100)
  
• Project on 1.3 (/10)
• 1.3 - p.35 #1-4 (/6)
• 1.2 - p. 26 #1-9 (/35)
• Quiz on 1.1 (/20)
• 1.1 - p. 14 #1, 2, 4, 6-8 (/30)

Wed Nov 18

Homework:

• Study for Quiz on 5.1-5.4 on Tues Nov 24
  

Coming soon...

• 5.5 - Interest
  

Need to catch up?

• 5.4 worksheet
  
• 5.3 - p. 239#1, 2, 5, 6, 7, 8
• 5.1 Quiz
  
• 5.1 - p. 226 #6, 9
  
• Ch. 1 Test (/100)
  
• Project on 1.3 (/10)
• 1.3 - p.35 #1-4 (/6)
• 1.2 - p. 26 #1-9 (/35)
• Quiz on 1.1 (/20)
• 1.1 - p. 14 #1, 2, 4, 6-8 (/30)

Mon Nov 16

Homework:

• Study for Quiz on 5.1-5.4 on Fri Nov 20
• 5.4 worksheet (#1-4) will be due on Wed
  

Coming soon...

• 5.5 - Interest
  

Need to catch up?

• 5.3 - p. 239#1, 2, 5, 6, 7, 8
• 5.1 Quiz
  
• 5.1 - p. 226 #6, 9
  
• Ch. 1 Test (/100)
  
• Project on 1.3 (/10)
• 1.3 - p.35 #1-4 (/6)
• 1.2 - p. 26 #1-9 (/35)
• Quiz on 1.1 (/20)
• 1.1 - p. 14 #1, 2, 4, 6-8 (/30)

Thurs Nov 12

Homework:

• Finish 5.3 assignment (if not completed in class): p. 239 #1, 2, 5, 6, 7, 8
  

Coming soon...

• 5.4 - Keeping track of money
  

Need to catch up?

• 5.3 - p. 239#1, 2, 5, 6, 7, 8
• 5.1 Quiz
  
• 5.1 - p. 226 #6, 9
  
• Ch. 1 Test (/100)
  
• Project on 1.3 (/10)
• 1.3 - p.35 #1-4 (/6)
• 1.2 - p. 26 #1-9 (/35)
• Quiz on 1.1 (/20)
• 1.1 - p. 14 #1, 2, 4, 6-8 (/30)

Fri Oct 30

Homework:

• Finish 5.2 assignment - p. 233 #5, 8-12. Remember "calculate" means to use the charts on p. 286, while "estimate" means to use the approximations on p. 231.
  

Coming soon...

• 5.3 - Expenses
  

Need to catch up?

• 5.1 Quiz
  
• 5.1 - p. 226 #6, 9
  
• Ch. 1 Test (/100)
  
• Project on 1.3 (/10)
• 1.3 - p.35 #1-4 (/6)
• 1.2 - p. 26 #1-9 (/35)
• Quiz on 1.1 (/20)
• 1.1 - p. 14 #1, 2, 4, 6-8 (/30)

Wed Oct 28

Homework:

• 5.2 - Payroll Deductions - review notes.
• 5.2 open-book in-class assignment next class.
  

Coming soon...

• 5.3 - Expenses
  

Need to catch up?

• 5.1 Quiz
  
• 5.1 - p. 226 #6, 9
  
• Ch. 1 Test (/100)
  
• Project on 1.3 (/10)
• 1.3 - p.35 #1-4 (/6)
• 1.2 - p. 26 #1-9 (/35)
• Quiz on 1.1 (/20)
• 1.1 - p. 14 #1, 2, 4, 6-8 (/30)

Mon Oct 26

Homework:

• Corrections on 5.1 Quiz.
  

Coming soon...

• 5.2 - Payroll Deductions
  
• 5.3 - Expenses
  

Need to catch up?

• 5.1 Quiz
  
• 5.1 - p. 226 #6, 9
  
• Ch. 1 Test (/100)
  
• Project on 1.3 (/10)
• 1.3 - p.35 #1-4 (/6)
• 1.2 - p. 26 #1-9 (/35)
• Quiz on 1.1 (/20)
• 1.1 - p. 14 #1, 2, 4, 6-8 (/30)

Wed Oct 21

Homework:

• p. 226 #6 (2 answers - payment method and gross earnings),  9 (find the # hrs where the 2 restaurants would break even; "if Eric works less than ___ hrs, he should work at... / if Eric works more than ___ hrs, he should work at..." 
• Mark HW yourself
• Quiz on 5.1
  

Coming soon...

• 5.2 - Payroll Deductions
  

Need to catch up?

• Ch. 1 Test
  
• Project on 1.3 (/10)
• 1.3 - p.35 #1-4 (/6)
• 1.2 - p. 26 #1-9 (/35)
• Quiz on 1.1 (/20)
• 1.1 - p. 14 #1, 2, 4, 6-8 (/30)

Tues Oct 13

Homework:

• Study for CHAPTER 1 TEST next class, Thurs Oct 15 (/100, 6 pgs, 18 questions)
  
• Test Outline:

1. 5 requirements of a graph
2. Types of graphs
3. Population table
4. Stacked bar graph
5. Multiple line graphs -- Revenue, Total Cost, Net Profit, Net Loss, Gross Profit, Variable Cost, Fixed Cost, Break-even Point
6. Circle Graph (fractions)
7. Population pyramid
8. Discrete vs. continuous (e.g. # of tickets sold vs. total revenue -- discrete; height of sun vs. time of day -- continuous)
9. Picture graph
10. Profit/loss cycle
11. Misleading graphs
12. Contour maps
13. Drawing graphs - x axis for independent variable, y axis for dependent variable
    

 Coming soon...

• Ch. 2
  

Need to catch up?

• Project on 1.3 (/10)
• 1.3 - p.35 #1-4 (/6)
• 1.2 - p. 26 #1-9 (/35)
• Quiz on 1.1 (/20)
• 1.1 - p. 14 #1, 2, 4, 6-8 (/30)

Thurs Oct 8

Homework:

• 1.5 - p. 49 #1-4
• study for Ch. 1 Test on 1.1-1.5 (/100) on Thurs Oct 15
  

Need to catch up?

• 1.4 project (partners) - chart with 3 columns: Graph Type / Picture Example / When To Use It (10 graph types total) (/10)
  
• Project on 1.3 (/10)
  
• 1.3 - p.35 #1-4 (/6)
• 1.2 - p. 26 #1-9 (/35)
• Quiz on 1.1 (/20)
• 1.1 - p. 14 #1, 2, 4, 6-8 (/30)

Tues Oct 6

Homework:

• 1.4 - p. 40 #1-7
• 1.4 project (partners) - chart with 3 columns: Graph Type / Picture Example / When To Use It (10 graph types total) (/10)
  

Coming soon...

• 1.5 - Contour Maps
• Ch. 1 Test on 1.1-1.5 (/100)
  

Need to catch up?

• Project on 1.3 (/10)
• 1.3 - p.35 #1-4 (/6)
• 1.2 - p. 26 #1-9 (/35)
• Quiz on 1.1 (/20)
• 1.1 - p. 14 #1, 2, 4, 6-8 (/30)

Fri Oct 2

Homework:

• catch up on missing assignments!
  

Coming soon...

• 1.4 - Graphing
  
• 1.5 - Contour Maps
• Ch. 1 Test on 1.1-1.5 (/100)
  

Need to catch up?

• Quiz on 1.1-1.3 (/45)
  
• Project on 1.3 (/10)
• 1.3 - p.35 #1-4 (/6)
• 1.2 - p. 26 #1-9 (/35)
• Quiz on 1.1 (/20)
• 1.1 - p. 14 #1, 2, 4, 6-8 (/30)

Wed Sept 30

Homework:

• study for Quiz on 1.1-1.3 (/45)
• Quiz hints: baby boom, trend, discrete vs. continuous, ratio on population pyramid, revenue, variable cost, fixed cost, total cost, net profit, net loss, gross profit, solvent
  

Coming soon...

• 1.4 - Graphing
  
• 1.5 - Contour Maps
• Ch. 1 Test on 1.1-1.5 (/100)
  

Need to catch up?

• 1.1 - p. 14 #1, 2, 4, 6-8 (/30)
• Quiz on 1.1 (/20)
  
• 1.2 - p. 26 #1-9 (/35)
  
• 1.3 - p.35 #1-4 (/6)
• Project on 1.3 (/10)