BADM 51 -- Mrs. Rivera-Loudon -- Discuss -- Barstow College

Discussion Board Questions

Below are the discussion board questions for each lecture. You can type your answer to each question in a word processor, such as WordPad, Word, or WordPerfect, and then copy and paste your answer to the discussion board. Be sure you post your answer by the due date as well as your responses to two other students. Late postings will not receive credit. If you need instructions on how to copy and paste see our class section "Typical Student Questions".

Week One Discussions due Jan 16

Introduction Message: 5 points

Post an introductory message to our discussion board. As a guide you can talk about why you are taking this course, your educational goals, where you work, something about your family, or anything else you would like to share with myself and your fellow classmates. Make sure you post your answer in the appropriate area.

You are not required to post replies to your fellow students for this assignment.

Discussion Chapter One: 10 points

Questions are on page 21 of your textbook and on our class discussion board.

Determine which team you are on by going to the "Check Here to See Which Team You Are On" thread on our class discussion board. There are three parts to all of our class discussions.

Part One: Post your answer to the question that has been posed to your team. (3 points)

Part Two: Reply to the answers provided by two of your team mates. Each reply is worth 1.5 points. (3 points)

Part Three: Review the answers posted by the other class teams. This way you benefit from their answers and learn from each other. Reply to one member of each team. Each reply is worth 1 point. (4 points)

You will not receive credit for just saying you agree, for repeating what the other student has said, or simply repeating what your original posting said.

Week Two Discussions due Jan 23

Discussion Chapter Two: 10 points

Go to page 53 of your textbook. Solve and answer the question that corresponds to your team.

Question One: Team A

Question Two: Team B

Question Three: Team C

Question Seven: Team D

Question Four: Team E

Discussion Chapter Three: 10 points

Questions for this discussion are on page 78.

Question One: Team A

Question Two: Teams B and C

Question Three: Teams D and E

Week Three Discussions due Jan 30

Discussion Chapter Four: 10 points

The questions for this discussion are found on page 102 of your textbook.

Team A: Question One

Team B: Question Two

Team C: Question Three

Team D: Question Four

Team E:

Not in textbook. Provide a link for an completely online bank. Make sure you dont list a bank that has already been listed by another team member. List three pros and three cons to online banks.

Week Four Discussions due Feb 6

Discussion Chapter Five: 10 points

The team questions are listed below. Each team has its own Word Problem. You can each work out the solution and post it on your teams thread. Please explain the steps you took to reach your solution. Comment on any differences between your answer or your method of working the answer out as compared to your fellow team mates. There is more than one way to work out a problem and still reach the correct answer. Hopefully, you will learn some new techniques from your fellow team mates. Dont forget to comment on the other teams answers as well.

Team A

Michelle Riley budgets of her monthly salary for entertainment. If her entertainment bill for the month is $850, what is her monthly salary?

Team B

Jonathan sells 3 times as many computers as his friend Mark. If the difference in their sales is 28, how many computers did each sell?

Team C

Marika and Freddy sold 70 homes for Ron Realty. If Marika sold 2.5 times as many homes as Freddy, how many homes did each sell?

Team D

Ron Co. sold sweatshirts ($20) and baseball caps ($10). If total sales were $2,860 and people bought 6 times as many sweatshirts as caps, how many of each were sold? Check your answer.

Team E

Ron Co. sold sweatshirts for $20 and baseball caps for $10. A total of 154 sweatshirts and baseball caps were sold for total sales of $2,860. How many of each did Ron Co. sell? Check your answer.

Week Five Discussions due Feb 13

Discussion Chapter Six: 10 points

Team A

In a survey of 22,000 people, 14,300 responded that salary was the most important consideration in their ideal career. What percent of the people felt salary was not the most important consideration?

Team B

Pete Jones is adding a fireplace to his home in Boston at a cost of $3,350. Contractors tell him adding the fireplace will return him a 38 percent gain on his investment. By what amount should the value of his home increase?

Team C

The price of a Jeep dropped from $27,000 to $22,900. What was the percent decrease in price (round to nearest hundredth percent)?

Team D

49 percent of all people who buy running shoes dont run at all. Assuming 340,000 people buy running shoes, how many will use them to run in?

Team E

June Elloy makes a 22 percent down payment on a home in Rockford, Illinois. What is the purchase price of the home assuming her down payment is $35,200?

Discussion Chapter Seven: 10 points

The team problems are listed below.

Team A

An invoice dated September 9 in the amount of $50,000 is received by Ralph Corp. on September 12. The invoice carries terms of 3/10, n/30. On September 16, Ralph mails a check for $3,000 as partial payment on the invoice. What is the outstanding balance on the invoice? (Partial payments are allowed in his state.)

Team B

Jones Manufacturing offers chain discounts of 5/4/2 to many of its preferred customers. Rowly Dress Shop purchased 40 dresses that had a total list price of $1,400. What was the net price paid by Rowly? What was the amount of trade discount? Use the net price equivalent rate and single equivalent discount rate in your calculations. Round final answers to nearest cent.

Team C

This list price of a stereo is $900 with a trade discount of 30%. Find the amount of trade discount and net price of the stereo.

Team D

A bedroom set lists for $7,000 and carries a trade discount of 20 percent. Freight (FOB shipping point) of $120 is not part of the list price. Calculate the final price (also include cost of freight) of the bedroom set assuming terms of 2/10, n/30 ROG. The date of the invoice was July 10 with the goods being received August 11. The bill was paid on August 20.

Team E

Jones of New York sold a fax machine for $400 to Ron Stationery of Boston. Terms of the sale on July 29 are 2/10 EOM FOB New York. Jones agreed to prepay the freight of $25. Assume Ron pays on September 4. How much will it pay Jones?

Week Six Discussions due Feb 20

Discussion Chapter Eight: 10 points

Team A

Radio Shack sells a TV for $199.95 that costs $140.50. What was Radio Shacks percent markup based on a selling price? (Round to nearest percent.) Check your answer (will be slightly off due to rounding.)

Team B

At Ree Ski Center, the most people will pay for a neck warmer is $10. The manager of Ree Ski Center knows he needs a 30% markup based on cost. What is the most the manager can pay the suppliers for neck warmers and still keep the selling price at $10?

Team C

Jonathans Antiques purchased an old wooden sled at an auction for $210. Jonathan wants to mark up the sled 60% of the selling price. What would be the selling price of the sled?

Team D

Lester Corporation produces sweat shirts for a selling price of $19.99. Their variable unit cost $12.50. Assigning a fixed cost of 18,725 what is Lesters break even point?

Team E

Sears sells a sweater for $69 and has a 60% markup on the selling price. What is the cost of the sweater to Sears?

Week Seven Discussions due Feb 27

Discussion Chapter Nine: 10 points

Team A

Alice Hill is paid $5.80 per hour. Last week she worked 62 hours. Calculate Alices pay (she is entitled to time and a half).

Team B

Jones Co. pays its employees on a graduated commission scale: 2% on first $30,000; 3% on sales from $30,000 to $60,000; and 5% on sales greater than $60,000. If Rick Wise, an employee of Jones, had sales of $92,000, what commission did he earn?

Team C

Merry Soy, married, earns a weekly salary of $830 and claims one withholding allowance. By the percentage method, how much income tax will be withheld?

Team D

Jim Leary, sales rep for Roy Co., has weekly earnings subject to deductions for Social Security, Medicare, and FIT. Before this payroll, Jim is $500 below the maximum for Social Security. He earns $920 for the week, claims two withholdings, and is married. The FICA rate is 6.2% on $97,500 for Social Security and 1.45% for Medicare. Using the percentage method, calculate his net pay.

Team E

Roger Ratkin, owner of Rogers Subs, has three employees who earn $500, $550, and $700, respectively. How much does Roger owe for the first 12 weeks for SUTA and FUTA? Assume a SUTA rate of 5.3% and a FUTA rate of .8%.

Discussion Chapter Ten: 10 points

Team A

Jackie Rotter took out a loan of $20,000 to be repaid at end of 7 months in one payment with interest at 11 %. How much was the interest due? What is the total amount Jackie has to pay back at the end of the loan?

Team B

Marcia Rodger borrowed $3,500 from Valley Bank at a rate of 9 %. The date of the loan was October 10. Marcia hoped to repay the loan by February 10. Assume the loan is based on ordinary interest. What will the interest cost be? How much will Marcia repay on February 10? What would the payback be if exact interest was used?

Team C & D

Jerry Stevens wants to know how long it will take $1,100 to amount to $1,750 at a simple interest rate of 8 %. Could you help Jerry? Round time in years to nearest tenth.

Team E

James Co. borrowed $1,200 on a 90-day, 11% note. After 15 days, James paid $200 toward the note. James made an additional payment of $150, 40 days later. What is the final balance due and total interest for the U.S. Rule? Use ordinary interest.

Week Eight Discussions due March 6

Discussion Chapter 11: 10 points

Team A

Mike French borrowed $9,000 at 9% for 85 days. Calculate Mikes proceeds from this simple discount note. Assume ordinary interest. What is the effective rate of interest to nearest hundredth percent?

Team B

The face value of both a simple interest and a simple discount note are $6,000. If both notes have interest rates of 8% for 90 days, calculate:

a. Amount of interest charged for each type of note.

b. Amount each borrower would receive.

c. Amount payee would receive at maturity.

Team C

On March 4 Jay Miller accepted a $5,000 note in granting a time extension of a bill for goods purchased by Russ Sullivan. Terms of the note were 9% for 150 days. On June 8 Jay could no longer wait for the money and discounted the note at Ranger Bank at a discount rate of 9 1/2%. Calculate Jay Millers proceeds.

Team D

Ryan Furniture wants to buy new office equipment for $8,000 with a 5% cash discount. Ryan needs more cash to pay the bill and is considering discounting a 130-day note dated May 4 with a maturity value of $7,000 at Security Bank at a discount rate of 9% on July 8. Should Ryan discount the note?

Team E

Ron Jean buys a $10,000 Treasury bill at 8 1/2% discount for 13 weeks. Calculate purchase price and effective rate of interest to nearest hundredth percent.

Discussion Chapter 12: 10 points

Team A

Mark Ford deposits $11,800 into Role Bank, which pays 8% interest that is compounded quarterly. How much will Mark have in this account at the end of 4 years?

Team B

Roger Smith opened a new savings account. He deposited $35,000 at 6% compounded semiannually. At the start of the fourth year, Roger deposits an additional $40,000 that is also compounded semiannually at 6%. At the end of 6 years, what is the balance in Roger Smiths account?

Team C

Bill deposited $7,000 in Agree Bank at an interest rate of 8% compounded quarterly. What was the effective rate (APY)?

Team D

John Payer, owner of Payers Garage, estimates he will need $55,000 for new equipment in 8 years. John decided he would put aside the money now so that in 8 years the $55,000 will be available. His bank offers him 8% interest compounded semiannually. How much will John invest today so his account will have $55,000 in 8 years? Check your answer.

Team E

Suzy Sullivan invests $6,000 in Rancho Bank where interest is compounded daily. The rate of interest is 8 1/2%. What will Suzys interest grow to at the end of 5 years?

Final Exam Week Discussions due March 11

Farewell Posting

Post a farewell posting to your fellow students. Hope you have made some new friends in our class.

click here to go to the discussion group