QRB 501 (NEW)

**QRB 501 QUANTITATIVE REASONING FOR BUSINESS**

QRB 501 QUANTITATIVE REASONING FOR BUSINESS
NO QUIZ and NO LAB Work
QRB 501 Week 1 DQ 1
QRB 501 Week 1 DQ 2
QRB 501 Week 1 DQ 3
QRB 501 Week 1 Exercise 1
QRB 501 Week 1 Exercise 2
QRB 501 Week 1 Summary ..

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QRB 501 Week 1 DQ 1
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 o..

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QRB 501 Week 1 DQ 2
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
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
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 1 Exercise 2
Percent increase
Wrigley announced the first increase in 16 years in the price of a five-stick pack of gum. The price was raised by 5 cents to 30 cents. Find the percent of increase.
Round to the nearest percent.
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QRB 501 Week 1 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. ..

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QRB 501 Week 2 DQ 1
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
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
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
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
Markup = 70; cost = 83%
a) Find the cost
b) Find the selling price
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QRB 501 Week 2 Exercise 2
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
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
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
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
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 ..

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QRB 501 Week 2 Learning Team Reflection Issues and Successes
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QRB 501 Week 2 Summary
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 ..

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QRB 501 Week 3 DQ 1
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
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
Month Earnings
1 13
2 18
3 25
4 34
5 45
6 ..

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QRB 501 Week 3 Exercise 2
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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QRB 501 Week 3 Exercise 3
Statistics
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
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
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. Sho..

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QRB 501 Week 3 Learning Team Reflection Issues and Successes
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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..

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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
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.
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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
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 ..

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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 les..

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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
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
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 sta..

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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
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.
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