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QOTD#15 Income expenditure at university in 2004
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30 Nov 2016, 15:44
30 Nov 2016, 15:44
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Question Stats:
57% (04:55) correct
42% (03:24) wrong based on 7 sessions
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Question 4 University F’s expenditures in which of the following categories were most nearly equal to $5.4 million in 2004?
A. Fine Arts
B. Facility Maintenance
C. Humanities
D. Athletics
E. Business
Question 5 In 2004, \(\frac{1}{2}\) of University F’s new construction expenditures, \(\frac{1}{4}\) of its facility maintenance expenditures, \(\frac{3}{5}\) and of both the athletics and admissions/scholarships expenditures went towards the construction of a new gymnasium. Approximately how many millions of dollars did University F spend on the new gymnasium in 2004?
A. $13 million
B. $18 million
C. $20 million
D. $24 million
E. $30 million
Question 6 At University F in 2004, what was the closest approximation to the percentage of athletics expenditures NOT covered by athletics income?
A. 32%
B. 36%
C. 42%
D. 56%
E. 64%
A. Fine Arts
B. Facility Maintenance
C. Humanities
D. Athletics
E. Business
Show: :: OA
A
Question 5 In 2004, \(\frac{1}{2}\) of University F’s new construction expenditures, \(\frac{1}{4}\) of its facility maintenance expenditures, \(\frac{3}{5}\) and of both the athletics and admissions/scholarships expenditures went towards the construction of a new gymnasium. Approximately how many millions of dollars did University F spend on the new gymnasium in 2004?
A. $13 million
B. $18 million
C. $20 million
D. $24 million
E. $30 million
Show: :: OA
D
Question 6 At University F in 2004, what was the closest approximation to the percentage of athletics expenditures NOT covered by athletics income?
A. 32%
B. 36%
C. 42%
D. 56%
E. 64%
Show: :: OA
B
Drill 2
Question: 4, 5, 6
Page: 462
Question: 4, 5, 6
Page: 462
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Re: QOTD#15 Income expenditure at university in 2004
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30 Nov 2016, 15:56
30 Nov 2016, 15:56
1
Expert Reply
Explanation
Question 4. Be sure to Ballpark this one: 10% of $120 million is $12 million, so 5% would be $6 million. Hence, we’re looking for something just less than 5%. Of the options given, Fine Arts comes closest.
Hence option A is correct.
Question 5. Ballpark this one: \(\frac{1}{2}\) of the university’s New Construction expenditures is about 3%, \(\frac{1}{4}\)of the Facility Maintenance expenditures is about 5%, and \(\frac{3}{5}\) of the Athletics and Admissions/Scholarships expenditures is about 12%. That’s a total of 3% + 5% + 12% = 20%, and 20% of $120 million is $24 million, so the answer is choice (D).
Question 6. Athletic expenditures were 9.5%, while income was 6.1%; the difference is 3.4%, and \(\frac{3.4}{9.5}\) can be ballparked to about \(\frac{3.5}{10}\), or about 35%.
Hence option B is correct.
Question 4. Be sure to Ballpark this one: 10% of $120 million is $12 million, so 5% would be $6 million. Hence, we’re looking for something just less than 5%. Of the options given, Fine Arts comes closest.
Hence option A is correct.
Question 5. Ballpark this one: \(\frac{1}{2}\) of the university’s New Construction expenditures is about 3%, \(\frac{1}{4}\)of the Facility Maintenance expenditures is about 5%, and \(\frac{3}{5}\) of the Athletics and Admissions/Scholarships expenditures is about 12%. That’s a total of 3% + 5% + 12% = 20%, and 20% of $120 million is $24 million, so the answer is choice (D).
Question 6. Athletic expenditures were 9.5%, while income was 6.1%; the difference is 3.4%, and \(\frac{3.4}{9.5}\) can be ballparked to about \(\frac{3.5}{10}\), or about 35%.
Hence option B is correct.
Re: QOTD#15 Income expenditure at university in 2004
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07 Sep 2024, 15:37
07 Sep 2024, 15:37
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Thanks to another GRE Prep Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).
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