Make-up Quiz 8 The Real World Panorama City

14 Questions | Total Attempts: 43

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Panorama City Quizzes & Trivia

This quiz is 15 questions to be done by yourself and with no notes. You may use a calculator. It is to be taken only once. It is similar but not the same to the practice test. You have until Sunday midnight to complete this. Good luck!


Questions and Answers
  • 1. 
    True or False: Your disposable income is what you use to pay your bills.
    • A. 

      True

    • B. 

      False

  • 2. 
    True or False: If you wanted to go to the movie theatres and watch a movie, that would be considered a fixed expense.  
    • A. 

      True

    • B. 

      False

  • 3. 
    In this project, how much do you get paid per paycheck?
    • A. 

      $230

    • B. 

      $250

    • C. 

      $350

    • D. 

      $500

  • 4. 
    In this project, how much is your allowance from your parents? (Hint: They don't know that you lost your job and only received 1 paycheck, so they are giving you what they expected you to make in a month)
    • A. 

      $250

    • B. 

      $500

    • C. 

      $750

    • D. 

      $100

  • 5. 
    In this project, you got paid only once, what is your total income (allowance + paycheck)?
    • A. 

      $250

    • B. 

      $500

    • C. 

      $750

    • D. 

      $1000

  • 6. 
    Your income is $750 and fixed expenses is $650. Your disposable income is $_____. Calculate 10% savings on your disposable income.
    • A. 

      $10

    • B. 

      $75

    • C. 

      $100

  • 7. 
    You're dating someone new and want to impress him/her by taking him/her out and paying for the date.You only have $50. What can that money realistically buy? Use your common sense.
    • A. 

      2 appetizers, 2 Prime Rib dinners, 2 drinks, & 2 desserts at an expensive steakhouse

    • B. 

      Dinner at Islands & Movies at AMC

    • C. 

      2 tickets to Disneyland and eating a McDonalds

  • 8. 
    You really like your new friend and have recently become boyfriend & girlfriend. It's your 1st month anniversary. You want to buy a nice present for him/her but you don't have enough disposable income. (For your girlfriend, you want to buy a Coach bag. For your boyfriend, a WII). Let's say it will cost you $350. Since you don't have the money, you open a credit card account in May. For the first 3 months, the interest (APR) is 0%. After that, the regular rate is 25%; and default rate (missed payment) is 40%.Question: What is your balance (the total of what you know) in June? 
    • A. 

      $0

    • B. 

      $87.50

    • C. 

      $350

    • D. 

      $387.50

  • 9. 
    You really like your new friend and have recently become boyfriend & girlfriend. It's your 1st month anniversary. You want to buy a nice present for him/her but you don't have enough disposable income. (For your girlfriend, you want to buy a Coach bag. For your boyfriend, a WII). Let's say it will cost you $350. Since you don't have the money, you open a credit card account in May. For the first 3 months, the interest (APR) is 0%. After that, the regular rate is 25%; and default rate (missed payment) is 40%.Question: When will your credit card company start charging the regular rate (APR)?  
    • A. 

      August

    • B. 

      April

    • C. 

      December

  • 10. 
    You really like your new friend and have recently become boyfriend & girlfriend. It's your 1st month anniversary. You want to buy a nice present for him/her but you don't have enough disposable income. (For your girlfriend, you want to buy a Coach bag. For your boyfriend, a WII). Let's say it will cost you $350. Since you don't have the money, you open a credit card account in May. For the first 3 months, the interest (APR) is 0%. After that, the regular rate is 25%; and default rate (missed payment) is 40%. Question: Your balance is $300 by September. How much do you owe in total (balance & regular interest rate)?
    • A. 

      $300

    • B. 

      $350

    • C. 

      $360

    • D. 

      $375

  • 11. 
    You really like your new friend and have recently become boyfriend & girlfriend. It's your 1st month anniversary. You want to buy a nice present for him/her but you don't have enough disposable income. (For your girlfriend, you want to buy a Coach bag. For your boyfriend, a WII). Let's say it will cost you $350. Since you don't have the money, you open a credit card account in May. For the first 3 months, the interest (APR) is 0%. After that, the regular rate is 25%; and default rate (missed payment) is 40%.Question: Let's say that you and your girlfriend/boyfriend broke up in October. Your balance is $300 by September. You were so distraught that you missed your payment. Now, you're being charged the default rate. How much do you owe (balance + default rate)?
    • A. 

      $300

    • B. 

      $375

    • C. 

      $400

    • D. 

      $420

  • 12. 
    A1=1; A2=3; A3=5; A4=6....Question: Recall Excel equations. What would the total be for this equation? =A1*A4
    • A. 

      1

    • B. 

      3

    • C. 

      5

    • D. 

      6

  • 13. 
    A1=1; A2=3; A3=5; A4=6. Question: Recall Excel equations. What would the total be for this equation? =sum(A1:A4)
    • A. 

      11

    • B. 

      12

    • C. 

      13

    • D. 

      14

    • E. 

      15

  • 14. 
    A1=1; A2=3; A3=5; A4=6, Question: Recall Excel equations. What would the total be for this equation?  =sum(A1:A4) + A2
    • A. 

      17

    • B. 

      18

    • C. 

      19

    • D. 

      20

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