QRB 501 Complete Class Flashcards by assignment cloud

QRB 501 QUANTITATIVE REASONING FOR BUSINESS

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QRB 501 Week 1 DQ 1

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In management, how important is it to learn to use mathematics to solve problems? How valuable is an MBA degree without the ability to identify and calculate the cost of a company’s capital, its return on investment, gross margin percentage, break-even point, or what percent of a population would be willing to buy its product.

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QRB 501 Week 1 DQ 2

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Order of opeations

When using the formula NI = [U * (P-VCu)] - FC, in which order must you complete the calculation? Why does the order of operations matter?

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QRB 501 Week 1 DQ 3

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Dependent - independent variables

What is an independent variable? What is a dependent? What is the relationship between independent and dependent variables? What is the purpose of differentiating these terms?

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QRB 501 Week 1 Exercise #1

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Percentages

1) 32% of what number is 28?
2) What percent of 15.2 is 12.7? Round to the nearest hundredth of a percent.

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QRB 501 Week 2 DQ 1

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Explain what the trade discount and trade discount rate are? Give examples to explain the terms? How is the net price calculated? What is the trade discount series and why is it used? Does you organization use the trade discount and how?

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QRB 501 Week 2 DQ 2

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Explain the end-of-month (EOM) and receipt-of-goods (ROG) terms? Give examples to explain the terms? What is the difference between the terms? Does you organization use any of them? If so, explain how are they used?

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QRB 501 Week 2 DQ 3

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Explain why taking a series of markdowns of 25% and 30% is not the same as taking a single markdown of 55%. Illustrate your answer with a specific example.

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QRB 501 Week 2 DQ 4

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Under what circumstances would you be likely to base the markup of an item on the selling price? Under what circumstances would you be likely to base the markup for an item on cost?

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QRB 501 Week 2 Exercise 1

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Markup = 70; cost = 83%

a) Find the cost
b) Find the selling price

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QRB 501 Week 2 Exercise 2

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Selling price

Battery-powered massagers cost $8.50 if they are purchased in lots of 36 or more. The Gift Horse Shoppe purchased 48 and sells them at a 45% markup based on cost. Find the selling price of each massager.

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QRB 501 Week 2 Exercise 3

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Trade discounts

Calculate the trade discount for 30 cases of antifreeze coolant if each case contains 6 one-gallon units that cost $2.18 per gallon and a single trade discount rate of 18% is allowed. Show all your calculations.

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QRB 501 Week 2 Exercise 4

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Sylvester Young received an invoice for a leaf blower for $493 dated April 15 with sales terms of 3/10 EOM. How much should he pay if he pays the bill on April 30?

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QRB 501 Week 2 Exercise 5

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Federated Department Stores received an invoice dated April 18 that shows a billing for $3,848.96 with terms 2/10, 1/15, n/30. Find the cash discount and net amount if the invoice is paid within 15 days but after 10 days. Show all your calculations.

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QRB 501 Week 2 Learning Team Case Studies

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Complete the following case studies from Ch. 5 & 6 of Business Math:

Case Study 5-2, pp. 184-185
Case Study 6-2, pp. 216-217
Use the provided Microsoft Excel template for your answers.

Note. Show all work and calculations. (The use of Microsoft Excel software is required.)

Use the provided template for your assignment.

Click the Assignment Files tab to submit your assignment.

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QRB 501 Week 2 Learning Team Charter

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QRB 501 Week 2 Learning Team Reflection Issues and Successes

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QRB 501 Week 2 Summary

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What is the single most important concept you learned this week? Why? Describe those content areas from this week’s learning that you would have preferred had more emphasis, and those areas which you had less emphasis. Why?

Describe your reaction to this week’s learning material. Have any of your previous concepts or ideas about the topics covered this week been changed, altered, or reinforced? Explain.

What idea, concept, principle, or practice from this week’s learning could have a practical application at your place of work or in your personal life? How?

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QRB 501 Week 3 DQ 1

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Why are graphs and charts used to represent information? What would be the most appropriate graphical representation to show the dispersion of new home prices in a particular area? Why?

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QRB 501 Week 3 DQ 2

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How may the concepts of variance and standard deviation be applied to a real-world problem? Provide a specific application in which these measures are useful.

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QRB 501 Week 3 Exercise 1

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Month Earnings
1             13
2             18
3             25
4             34
5             45
6             58
7             73
8             90
9             109
10           130

Use Excel to do the following:

Create a vertical bar chart, label the axes and add a chart title.

Add the trend line.

Right-click on a bar

Select Polynomial and Order 2

Check “Display Equation on chart”

Right down the equation of the trend line.

Calculate the forecast for the earnings in month 12.

Attach your Excel file to this thread.

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QRB 501 Week 3 Exercise 2

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For the data given in Exercise 1, create a pie chart for the Earnings data. Label the chart and its parts appropriately.

Which of the two charts (Ex #1 or Ex #2) do you think is more informative?

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RB 501 Week 3 Exercise 3

Statisticshttp://www.assignmentcloud.com/QRB-501-NEW/QRB-501-Week-3-Exercise-3
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Use the data to find the statistical measures.

42 86 92 15 32 67 48 19 87 63 15 19 21 17 53 27 21 15 82 15

a. What is the range?
b. What is the mean?
c. What is the median?
d. What is the mode?

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QRB 501 Week 3 Exercise 4

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Mean and variance

A dusk-to-dawn outdoor lightbulb has an expected (mean) life of 8,000 hours with a standard deviation of 250 hours. How many bulbs in a batch of 500 can be expected to last no longer than 7,500 hours?

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QRB 501 Week 3 Learning Team Case Studies http://www.assignmentcloud.com/QRB-501-NEW/QRB-501-Week-3-Learning-Team-Case-Studies Complete the following case studies from Ch. 8 & 9 of Business Math: * Case Study 8-3, p. 300 * Case Study 9-1, p. 344 Use the provided Microsoft Excel template for your answers. Note. Show all work and calculations. (The use of Microsoft Excel software is required.) Click the Assignment Files tab to submit your assignment.

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QRB 501 Week 3 Learning Team Reflection Issues and Successes http://www.assignmentcloud.com/QRB-501-NEW/QRB-501-Week-3-Learning-Team-Reflection-Issues-and-Successes

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QRB 501 Week 3 Summary http://www.assignmentcloud.com/QRB-501-NEW/QRB-501-Week-3-Summary Answer the following questions in 250-500 words: What is the single most important concept you learned this week? Why? Describe those content areas from this week's learning that you would have preferred had more emphasis, and those areas which you had less emphasis. Why? Describe your reaction to this week's learning material. Have any of your previous concepts or ideas about the topics covered this week been changed, altered, or reinforced? Explain. What idea, concept, principle, or practice from this week's learning could have a practical application at your place of work or in your personal life? How?

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QRB 501 Week 4 DQ 1 http://www.assignmentcloud.com/QRB-501-NEW/QRB-501-Week-4-DQ-1 What is the basic accounting equation? What are the equation components? Describe and explain the equation components?

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QRB 501 Week 4 DQ 2 http://www.assignmentcloud.com/QRB-501-NEW/QRB-501-Week-4-DQ-2 Explain the process how a balance sheet is prepapred? What is the vertical analysis of the balance sheet? What is the horizontal analysis of the balance sheet? Explain.http://www.assignmentcloud.com/QRB-501-NEW/QRB-501-Week-4-DQ-2

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QRB 501 Week 4 DQ 3 http://www.assignmentcloud.com/QRB-501-NEW/QRB-501-Week-4-DQ-3 Explain the process how an income statement is prepapred? What is the vertical analysis of the income statement? What is the horizontal analysis of the income statement? Explain.

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QRB 501 Week 4 DQ 4 What is the cash flow and how is it calculated? Why is it important for an organisation?

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QRB 501 Week 4 Learning Team Standard Deviation Abstract http://www.assignmentcloud.com/QRB-501-NEW/QRB-501-Week-4-Learning-Team-Standard-Deviation-Abstract The Learning Team assignment this week is a simple but helpful assignment. The assignment will consist of a cover sheet, abstract pages, and a reference page. Research, as a Learning Team, 1 peer-reviewed article per team member on the topic, "standard deviation use in the business world" in the University Library. Each Learning Team member must choose a different article. Write a basic abstract for each of your selected articles. Your abstracts must include the following: * The purpose of the study * The research question(s) * The hypothesis of the study * The main findings of the study Include APA-formatted references on the reference page. Format your assignment consistent with APA guidelines.

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QRB 501 Week 4 Summary http://www.assignmentcloud.com/QRB-501-NEW/QRB-501-Week-4-Summary Answer the following questions in 250-500 words: 1. What is the single most important concept you learned this week? Why? Describe those content areas from this week's learning that you would have preferred had more emphasis, and those areas which you had less emphasis. Why? 2. Describe your reaction to this week's learning material. Have any of your previous concepts or ideas about the topics covered this week been changed, altered, or reinforced? Explain. 3. What idea, concept, principle, or practice from this week's learning could have a practical application at your place of work or in your personal life? How?

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QRB 501 Week 5 DQ 1 http://www.assignmentcloud.com/QRB-501-NEW/QRB-501-Week-5-DQ-1 Why is the time value of money concept important? In what quantitative decisions might the time value of money be used?

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QRB 501 Week 5 DQ 2 http://www.assignmentcloud.com/QRB-501-NEW/QRB-501-Week-5-DQ-2 How do you apply the time value of money concept to make decisions in your personal life? How might you use the Time Value of Money concept as a quantitative reasoning tool in business?

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QRB 501 Week 5 DQ 3 http://www.assignmentcloud.com/QRB-501-NEW/QRB-501-Week-5-DQ-3 The formula to calculate the value of $1 put into savings today is fv = pv*((1+i)^n). The variables are fv = future value, pv = present value, i = interest rate per period, and n = the number of periods. In the formula, n is an exponent. What does the exponent in this case state that you need to do mathematically to the (1 + i) segment of the formula? Select an interest rate and number of periods—be sure your numbers are different from other students who already answered this question—to calculate the future value of $1. How much money would you have at the end of the period you determined if you invested $1 today (pv)?

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QRB 501 Week 5 DQ 4 http://www.assignmentcloud.com/QRB-501-NEW/QRB-501-Week-5-DQ-4 What is the Internal Rate of Return? How is it calculated? Explain.

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QRB 501 Week 5 Learning Team Case Studies http://www.assignmentcloud.com/QRB-501-NEW/QRB-501-Week-5-Learning-Team-Case-Studies Complete the following case studies from Ch. 21 of Business Math: * Case Study 21-1, p. 768 * Case Study 21-2, p. 769 Create your own Microst Excel worksheet and format it to answer your questions. Note. Show all work and calculations. (The use of Microsoft® Excel® software is required.) Click the Assignment Files tab to submit your assignment.

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QRB 501 Week 6 Learning Team Capital Budgeting Case Study http://www.assignmentcloud.com/QRB-501-NEW/QRB-501-Week-6-Learning-Team-Capital-Budgeting-Case-Study Complete the Capital Budgeting Case. The assignment instructions are available in the University Material: Capital Budgeting Case. Click the Assignment Files tab to submit your assignment.

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QRB 501 Week 5 Summary http://www.assignmentcloud.com/QRB-501-NEW/QRB-501-Week-5-Summary Answer the following questions in 250-500 words: 1. What is the single most important concept you learned this week? Why? Describe those content areas from this week's learning that you would have preferred had more emphasis, and those areas which you had less emphasis. Why? 2. Describe your reaction to this week's learning material. Have any of your previous concepts or ideas about the topics covered this week been changed, altered, or reinforced? Explain. 3. What idea, concept, principle, or practice from this week's learning could have a practical application at your place of work or in your personal life? How?

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QRB 501 Complete Class Flashcards

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