1- Game Corp. started business in 2021 and uses the weighted average cost method. During 2021, it purchased 25,000 units of inventory at $60 each, and another 11,000 units of inventory at $63 each. What is the weighted average cost of inventories?

$

Answer

($XX.XX)

2 -ABC Pharmaceutical Inc. budgets $96 million for R&D in 2021. There are 3 projects P, Q, R, and the R&D budget will be shared by the proportions of 3:2:1 respectively.

What amount of budget does the project R receive?

$

Answer

Million

3- An analyst in EZ Toy company predicts the Christmas sales beased on 3 scenarios. There are 3 scenarios based on the economioc growth and the probabilities are assigned to each scenario as shown in the table.

Scenario	Probability	Sales ($ million)
Optimistic economic growth	25%	$98
Average economic growth	45%	$87
Pessimistic economic growth	30%	$81

Calculate the scenario weighted expected Christmas sales amount. $

Answer

million ($XX.XX)

4- You have $1,000 today in your savings account. How long must you wait for your savings to be worth $2,000 if you are earning 0.25 percent interest, compounded annually?

Answer

years (XXX.XX years)