QRB 501
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QRB 501 / Week 6 FINAL EXAM 
DATE:(9-11-2017) 
1.	 
An invoice received from Royal Exporters totaled $638.20, was dated October 10, and offered terms of 1/11 ROG. The shipment was received November 27. If the invoice was paid on December 12, find the net amount due. Round to the nearest cent. 
a.	$631.82 
2.	Solve the problem. Round amounts to the nearest cent and percents to the nearest tenth of a percent. Cost = $4.04; Selling price = $7.12. Find the markup and the rate of markup based on co...
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QRB 501 / Week 6 FINAL EXAM 
DATE:(9-11-2017) 
1.	 
An invoice received from Royal Exporters totaled $638.20, was dated October 10, and offered terms of 1/11 ROG. The shipment was received November 27. If the invoice was paid on December 12, find the net amount due. Round to the nearest cent. 
a.	$631.82 
2.	Solve the problem. Round amounts to the nearest cent and percents to the nearest tenth of a percent. Cost = $4.04; Selling price = $7.12. Find the markup and the rate of markup based on co...
QRB 501 Final Exam Questions and Answers – 2019 
 
Test Prep QRB/501 
Spring 2018 
 
1 
Solve the problem. Round amounts to the nearest cent and percents to the nearest tenth of a percent. 
Markup = $16.15; Selling price = $95.00. Find the cost. 
 
 
Cost: $78.85 
 
 
2 
Find the interest paid on a loan of $2000 for 1 year at a simple interest rate of 7% per year. 
 
$2,140.00 
 
3 
A number increased from 2553 to 5955 . Find the amount of increase. 
 
3402 
 
4 
The following test scores wer...
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QRB 501•QRB 501
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QRB 501 Final Exam Questions and Answers – 2019 
 
Test Prep QRB/501 
Spring 2018 
 
1 
Solve the problem. Round amounts to the nearest cent and percents to the nearest tenth of a percent. 
Markup = $16.15; Selling price = $95.00. Find the cost. 
 
 
Cost: $78.85 
 
 
2 
Find the interest paid on a loan of $2000 for 1 year at a simple interest rate of 7% per year. 
 
$2,140.00 
 
3 
A number increased from 2553 to 5955 . Find the amount of increase. 
 
3402 
 
4 
The following test scores wer...
QRB 501 / Week 6 FINAL EXAM 
DATE:(9-11-2017) 
1.	 
An invoice received from Royal Exporters totaled $638.20, was dated October 10, and offered terms of 1/11 ROG. The shipment was received November 27. If the invoice was paid on December 12, find the net amount due. Round to the nearest cent. 
a.	$631.82 
2.	Solve the problem. Round amounts to the nearest cent and percents to the nearest tenth of a percent. Cost = $4.04; Selling price = $7.12. Find the markup and the rate of markup based on co...
- Exam (elaborations)
- • 9 pages's •
-
QRB 501•QRB 501
Preview 2 out of 9 pages
Getting your document ready...
QRB 501 / Week 6 FINAL EXAM 
DATE:(9-11-2017) 
1.	 
An invoice received from Royal Exporters totaled $638.20, was dated October 10, and offered terms of 1/11 ROG. The shipment was received November 27. If the invoice was paid on December 12, find the net amount due. Round to the nearest cent. 
a.	$631.82 
2.	Solve the problem. Round amounts to the nearest cent and percents to the nearest tenth of a percent. Cost = $4.04; Selling price = $7.12. Find the markup and the rate of markup based on co...
QRB 501 Final Exam Questions and Answers – 2019 
 
Test Prep QRB/501 
Spring 2018 
 
1 
Solve the problem. Round amounts to the nearest cent and percents to the nearest tenth of a percent. 
Markup = $16.15; Selling price = $95.00. Find the cost. 
 
 
Cost: $78.85 
 
 
2 
Find the interest paid on a loan of $2000 for 1 year at a simple interest rate of 7% per year. 
 
$2,140.00 
 
3 
A number increased from 2553 to 5955 . Find the amount of increase. 
 
3402 
 
4 
The following test scores wer...
- Exam (elaborations)
- • 69 pages's •
-
QRB 501•QRB 501
Preview 4 out of 69 pages
Getting your document ready...
QRB 501 Final Exam Questions and Answers – 2019 
 
Test Prep QRB/501 
Spring 2018 
 
1 
Solve the problem. Round amounts to the nearest cent and percents to the nearest tenth of a percent. 
Markup = $16.15; Selling price = $95.00. Find the cost. 
 
 
Cost: $78.85 
 
 
2 
Find the interest paid on a loan of $2000 for 1 year at a simple interest rate of 7% per year. 
 
$2,140.00 
 
3 
A number increased from 2553 to 5955 . Find the amount of increase. 
 
3402 
 
4 
The following test scores wer...
QRB 501 FINAL EXAM 
1.	one disadvantage of the corporate form of business ownership is the: 
double taxation of profits 
 
2.	which one of the following statements is false? 
An aging schedule includes only overdue accounts 
 
3.	A firm has a debt-equity ratio of .64, a pretax cost of debt of 8.5 percent, and a required return on assets of 12.6 percent. What is the cost of equity if you ignore taxes? 
15.22% 
 
4.	Which one of these statements is correct concerning the cash cycle? 
The longer th...
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QRB 501 FINAL EXAM 
1.	one disadvantage of the corporate form of business ownership is the: 
double taxation of profits 
 
2.	which one of the following statements is false? 
An aging schedule includes only overdue accounts 
 
3.	A firm has a debt-equity ratio of .64, a pretax cost of debt of 8.5 percent, and a required return on assets of 12.6 percent. What is the cost of equity if you ignore taxes? 
15.22% 
 
4.	Which one of these statements is correct concerning the cash cycle? 
The longer th...
QRB 501 / Week 6 FINAL EXAM 
An invoice received from Royal Exporters totaled $638.20, was dated October 10, and offered terms of 1/11 ROG. The shipment was received November 27. If the invoice was paid on December 12, find the net amount due. Round to the nearest cent. 
a.	$631.82 
2.	Solve the problem. Round amounts to the nearest cent and percents to the nearest tenth of a percent. Cost = $4.04; Selling price = $7.12. Find the markup and the rate of markup based on cost. 
a.	Markup: $3.08 
R...
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QRB 501•QRB 501
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QRB 501 / Week 6 FINAL EXAM 
An invoice received from Royal Exporters totaled $638.20, was dated October 10, and offered terms of 1/11 ROG. The shipment was received November 27. If the invoice was paid on December 12, find the net amount due. Round to the nearest cent. 
a.	$631.82 
2.	Solve the problem. Round amounts to the nearest cent and percents to the nearest tenth of a percent. Cost = $4.04; Selling price = $7.12. Find the markup and the rate of markup based on cost. 
a.	Markup: $3.08 
R...
QRB 501 Final Exam Questions and Answers 
Solve the problem. Round amounts to the nearest cent and percents to the nearest tenth of a percent. 
Markup = $16.15; Selling price = $95.00. Find the cost. 
 
 
Cost: $78.85 
 
 
2 
Find the interest paid on a loan of $2000 for 1 year at a simple interest rate of 7% per year. 
 
$2,140.00 
 
3 
A number increased from 2553 to 5955 . Find the amount of increase. 
 
3402 
 
4 
The following test scores were recorded for a student: 79, 74, 72, 68, 74, 6...
- Exam (elaborations)
- • 5 pages's •
-
QRB 501•QRB 501
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Getting your document ready...
QRB 501 Final Exam Questions and Answers 
Solve the problem. Round amounts to the nearest cent and percents to the nearest tenth of a percent. 
Markup = $16.15; Selling price = $95.00. Find the cost. 
 
 
Cost: $78.85 
 
 
2 
Find the interest paid on a loan of $2000 for 1 year at a simple interest rate of 7% per year. 
 
$2,140.00 
 
3 
A number increased from 2553 to 5955 . Find the amount of increase. 
 
3402 
 
4 
The following test scores were recorded for a student: 79, 74, 72, 68, 74, 6...