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Perform Financial Calculations

PRACTICAL APPLICATION 2

Cross balance the following, calculating the total stores for each of the following goods and
months.

GYPSUM. LAMINATE 25MM TEK
MONTHS SCREWS SCREWS SCREWS SANDPAPER TOTAL
May 305 414 290 125
June 296 328 285 306
July 137 39 24 209
August 127 287 294 139
September 104 175 124 109
GRAND TOTAL

Balance the following calculating the total number in stock as at 31/1/20XX

STOCK AS TOTAL IN STOCK
PRODUCT at 1/1/20xx SOLD RETURNED AS AT 31/1/20XX
Gypsum Screws 796 507 354
Laminate Screws 487 372 98
25 mm Tek Screws 847 586 308
Sandpaper 1077 973 164

Extend the following items and total the invoice.

PRODUCT QUANTITY AMOUNT PER METRE TOTAL PAYABLE
Gypsum Screws 16 kg $38.00
Laminate Screws 109 kg $27.00
25 mm Tek Screws 37 kg $34.00
Villaboard Screws 101 kg $56.00
Galvanised Clouts 116 kg $35.00

Calculate the unit price of the following goods.

PRODUCT QUANTITY TOTAL AMOUNT UNIT PRICE
(ie, Price for 1)
25 mm Tek Screws 15 $3.60
Plaster Cornice 120 $258.40
Nails 31 $6.75
Ceiling Tiles 8 $418.48

CONVERTING SIMPLE FRACTIONS

Convert the following fractions to decimals, correct to two decimal places.

PRACTICAL APPLICATION 1 PRACTICAL APPLICATION 2

1/2 __________________________ 2/3 ______________________________

1/3 __________________________ 6/8 ______________________________

Anne Bowden ©2019
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