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31Elisa owns 28% of the Grudman Corporation. The rest of the shares are owned equally by the remaining six shareholders. What percent of the corporation does each of the other shareholders own?A) 28%Go to #7B) 72%Go to #2C) 12%Go to #8D) 15%Go to #42Joe, Thea, and Taylor invested in a partnership in the ratio 1:4:7 respectively. The partnership is worth $1.6 million. How much is Thea’s share of the business worth?A) $133,333Go to #7B) $533,333Go to #10C) $933,333Go to #8D) $1.6 millionGo to #93Ryan owns three-eighths of a florist shop worth $76,000. What is the value of Ryan’s share of the business?A) $28,500Go to #5B) $9500Go to #6C) $47,500Go to #7D) $76,000Go to #84Julie and Kristen are partners in a local sporting goods shop. They need $51,000 to start the business. They invested in a 5:12 ratio respectively. How much money did they each invest?A) Julie, $36,000; Kristen, $15,000Go to #1B) Julie, $3,000; Kristen, $48,000Go to #3C) Julie, $48,000; Kristen, $3,000Go to #6D) Julie, $15,000; Kristen, $36,000Go to #25Ten years ago, Lisa bought a hair salon for x dollars. She built up the business and it is now worth nine times what she paid for it. She decides to sell half of the business to a friend, and they become partners. Express the amount Lisa’s friend must pay Lisa to buy half the business.A) 2xGo to #3B) 9xGo to #4C) 9x/2Go to #9D) 2x/9Go to #763657600132080Write a formula that will convert the volume given in 1,000s for Intel Corp into a volume given in 100s.Write a formula that will convert the volume given in 1,000s for Intel Corp into a volume given in 100s.11557013652500A) H6=100*G6/1000Go to #4B) H6=1000*G6/100Go to #1C) H6=G6*1000Go to #5D) G6*100Go to #77342900017780Write a formula to determine the percent change for Apple Inc. Write a formula to determine the percent change for Apple Inc. A) C2 – F2Go to #8B) F2 – C2Go to #1C) (F2 – C2)/C2*100Go to #4D) (C2 – F2)/F2*100Go to #38At the end of the trading day on April 25, Texas Instruments Inc closed at $28.84, which was a +5.2% net change from the previous day’s close. What was the approximate close on the previous day?A) $27.41Go to #4B) $34.06Go to #5C) $23.62Go to #6D) $26.50Go to #79On April 25, Berkshire Hathaway Inc closed at $126,875 per share. One year earlier, one share closed at $108,750. What was an approximate one-year percent change?A) 17.6%Go to #2B) 16.7%Go to #6C) -17.6%Go to #4D) -16.7%Go to #810Determine the closing price for Texas Instruments Inc. on April 21 if the the “last” on April 22 was 28.85, and the net change was -1.74.A) $28.85Go to #2B) $30.00Go to #9C) $30.59Go to #7D) $27.11 Go to #6Problem Trail Answer Key1)C8)A4)D2)B10)C7)D3)A5)C9)B6)BProblem Trail Answer SheetName: ______________________ Period: _____Problem #___Problem #___Problem #___Problem #___Problem #___Problem #___Problem #___Problem #___Problem #___Problem #___ ................
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