1. Five years ago, a man invested P 80,000 at 5% compounded semi-annually. How much is his money now? a. 92,406.76 b. 98,495.87 c. 102,102.53 d. 102,406.76 2. Mr. Lopez deposited P 120,000 in the bank. How many months did he deposit the money to earn an interest of P 12,000 at 10% rate? a. 1 b. 6 c. 10 d. 12 3. If an investment of P 125,000 accumulates to P 238,000 in 10 years, what is the interest rate? a. 5.04% b. 5.25% c. 7.69% d. 9.04% 4. Two employees, C and D, are to be compared based on their daily routine of work. Employee C can finish his job with an average of 1.35 hours and a standard deviation of 0.09 hour, whereas Employee D can finish the job with an average of 2.7 hours and a standard deviation of 0.04 hour. Who is the more consistent employee? a. Employee C b. Employee 5. Having a balance of P 6,000 in his previous billing statement posted on March 1, Mr. Richards made a purchase of P 25,000 on March 8, and another purchase in the amount of P 10,000 on March 17. Determine the average daily balance (ADB) of the current statement if the next billing statement is on April 1. a. P12,903.23 b. P21,000 c. P25,833.33 d. P30,193.55 6. What is the present value of a debt of P 150,000 due in 11 months at 6% simple discount? a. P 141,750 b. P126,500 c. P 98,365 d. P 79,125 7. How much is borrowed at 6 3/4% interest rate if after 5 years the interest will amount to P 8,750?a.P12,129.63 b. P25,925.93 c. P28,000 d. P35,178.23 8. A street-level road traffic estimates has been conducted at the intersection from Monday to Friday. The following data shows the result: 48, 52, 40, 55, 60. What is the average daily flow for the week? a. 45 b. 48 c. 51 d. 54 9. Bianca bought different fruits for the New Year. She bought 6 apples at Php 15 each, 7 ponkans at Php 10 each, 4 pears at Php 20 each and 3 guavas at Php 10 each. What is the mean price of the fruits? a. Php 13.00 b. Php 13.50 c. Php 14.00 d. Php 14.50

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

ChapterA3: Time Value Of Money

Section: Chapter Questions

Problem 15E

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1. Five years ago, a man invested P 80,000 at 5% compounded semi-annually. How much is his money now? a. 92,406.76 b. 98,495.87 c. 102,102.53 d. 102,406.76 2. Mr. Lopez deposited P 120,000 in the bank. How many months did he deposit the money to earn an interest of P 12,000 at 10% rate? a. 1 b. 6 c. 10 d. 12 3. If an investment of P 125,000 accumulates to P 238,000 in 10 years, what is the interest rate? a. 5.04% b. 5.25% c. 7.69% d. 9.04% 4. Two employees, C and D, are to be compared based on their daily routine of work. Employee C can finish his job with an average of 1.35 hours and a standard deviation of 0.09 hour, whereas Employee D can finish the job with an average of 2.7 hours and a standard deviation of 0.04 hour. Who is the more consistent employee? a. Employee C b. Employee 5. Having a balance of P 6,000 in his previous billing statement posted on March 1, Mr. Richards made a purchase of P 25,000 on March 8, and another purchase in the amount of P 10,000 on March 17. Determine the average daily balance (ADB) of the current statement if the next billing statement is on April 1. a. P12,903.23 b. P21,000 c. P25,833.33 d. P30,193.55 6. What is the present value of a debt of P 150,000 due in 11 months at 6% simple discount? a. P 141,750 b. P126,500 c. P 98,365 d. P 79,125 7. How much is borrowed at 6 3/4% interest rate if after 5 years the interest will amount to P 8,750?a.P12,129.63 b. P25,925.93 c. P28,000 d. P35,178.23 8. A street-level road traffic estimates has been conducted at the intersection from Monday to Friday. The following data shows the result: 48, 52, 40, 55, 60. What is the average daily flow for the week? a. 45 b. 48 c. 51 d. 54 9. Bianca bought different fruits for the New Year. She bought 6 apples at Php 15 each, 7 ponkans at Php 10 each, 4 pears at Php 20 each and 3 guavas at Php 10 each. What is the mean price of the fruits? a. Php 13.00 b. Php 13.50 c. Php 14.00 d. Php 14.50

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