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NumericalReasoningTest8-Solutions_2025春招题库汇总_八大题库-1_04八大汇总_信永中和_专业题综合知识-参考_英文题_NumericalReasoningTests

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NumericalReasoningTest8-Solutions_2025春招题库汇总_八大题库-1_04八大汇总_信永中和_专业题综合知识-参考_英文题_NumericalReasoningTests
NumericalReasoningTest8-Solutions_2025春招题库汇总_八大题库-1_04八大汇总_信永中和_专业题综合知识-参考_英文题_NumericalReasoningTests
NumericalReasoningTest8-Solutions_2025春招题库汇总_八大题库-1_04八大汇总_信永中和_专业题综合知识-参考_英文题_NumericalReasoningTests
NumericalReasoningTest8-Solutions_2025春招题库汇总_八大题库-1_04八大汇总_信永中和_专业题综合知识-参考_英文题_NumericalReasoningTests
NumericalReasoningTest8-Solutions_2025春招题库汇总_八大题库-1_04八大汇总_信永中和_专业题综合知识-参考_英文题_NumericalReasoningTests
NumericalReasoningTest8-Solutions_2025春招题库汇总_八大题库-1_04八大汇总_信永中和_专业题综合知识-参考_英文题_NumericalReasoningTests
NumericalReasoningTest8-Solutions_2025春招题库汇总_八大题库-1_04八大汇总_信永中和_专业题综合知识-参考_英文题_NumericalReasoningTests
NumericalReasoningTest8-Solutions_2025春招题库汇总_八大题库-1_04八大汇总_信永中和_专业题综合知识-参考_英文题_NumericalReasoningTests
NumericalReasoningTest8-Solutions_2025春招题库汇总_八大题库-1_04八大汇总_信永中和_专业题综合知识-参考_英文题_NumericalReasoningTests
NumericalReasoningTest8-Solutions_2025春招题库汇总_八大题库-1_04八大汇总_信永中和_专业题综合知识-参考_英文题_NumericalReasoningTests
NumericalReasoningTest8-Solutions_2025春招题库汇总_八大题库-1_04八大汇总_信永中和_专业题综合知识-参考_英文题_NumericalReasoningTests
NumericalReasoningTest8-Solutions_2025春招题库汇总_八大题库-1_04八大汇总_信永中和_专业题综合知识-参考_英文题_NumericalReasoningTests
NumericalReasoningTest8-Solutions_2025春招题库汇总_八大题库-1_04八大汇总_信永中和_专业题综合知识-参考_英文题_NumericalReasoningTests
NumericalReasoningTest8-Solutions_2025春招题库汇总_八大题库-1_04八大汇总_信永中和_专业题综合知识-参考_英文题_NumericalReasoningTests
NumericalReasoningTest8-Solutions_2025春招题库汇总_八大题库-1_04八大汇总_信永中和_专业题综合知识-参考_英文题_NumericalReasoningTests
NumericalReasoningTest8-Solutions_2025春招题库汇总_八大题库-1_04八大汇总_信永中和_专业题综合知识-参考_英文题_NumericalReasoningTests
NumericalReasoningTest8-Solutions_2025春招题库汇总_八大题库-1_04八大汇总_信永中和_专业题综合知识-参考_英文题_NumericalReasoningTests
NumericalReasoningTest8-Solutions_2025春招题库汇总_八大题库-1_04八大汇总_信永中和_专业题综合知识-参考_英文题_NumericalReasoningTests
NumericalReasoningTest8-Solutions_2025春招题库汇总_八大题库-1_04八大汇总_信永中和_专业题综合知识-参考_英文题_NumericalReasoningTests
NumericalReasoningTest8-Solutions_2025春招题库汇总_八大题库-1_04八大汇总_信永中和_专业题综合知识-参考_英文题_NumericalReasoningTests
NumericalReasoningTest8-Solutions_2025春招题库汇总_八大题库-1_04八大汇总_信永中和_专业题综合知识-参考_英文题_NumericalReasoningTests
NumericalReasoningTest8-Solutions_2025春招题库汇总_八大题库-1_04八大汇总_信永中和_专业题综合知识-参考_英文题_NumericalReasoningTests
NumericalReasoningTest8-Solutions_2025春招题库汇总_八大题库-1_04八大汇总_信永中和_专业题综合知识-参考_英文题_NumericalReasoningTests
NumericalReasoningTest8-Solutions_2025春招题库汇总_八大题库-1_04八大汇总_信永中和_专业题综合知识-参考_英文题_NumericalReasoningTests
NumericalReasoningTest8-Solutions_2025春招题库汇总_八大题库-1_04八大汇总_信永中和_专业题综合知识-参考_英文题_NumericalReasoningTests
NumericalReasoningTest8-Solutions_2025春招题库汇总_八大题库-1_04八大汇总_信永中和_专业题综合知识-参考_英文题_NumericalReasoningTests
NumericalReasoningTest8-Solutions_2025春招题库汇总_八大题库-1_04八大汇总_信永中和_专业题综合知识-参考_英文题_NumericalReasoningTests

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Numerical Test 8 Solutions Booklet Instructions This numerical reasoning test comprises 30 questions, and you will have 30 minutes in which to correctly answer as many as you can. Calculators are permitted for this test, and it is recommended you have some rough paper to work on. You will have to work quickly and accurately to perform well in this test. If you don't know the answer to a question, leave it and come back to it if you have time. Each question will have five possible answers, one of which is correct. You may click Back and Next during the test to review or skip questions. You can submit your test at any time. If the time limit is up before you click submit the test will automatically be submitted with the answers you have selected. It is recommended to keep working until the time limit is up. Try to find a time and place where you will not be interrupted during the test. The test will begin on the next page. AssessmentDay Practice Aptitude TestsQ1 What was a Japanese Yen worth in Euros in Week 3? (A) €0.01 (B) €0.05 (C) €0.10 (D) €0.15 (E) €1.00 Step 1 – Convert from Yen in to £ 1 = 1/134.8 = £0.00742 Step 2 – Convert from £ in to Euro 0.00742 x 1.3 = €0.01 Thus the correct answer is (A), €0.01 Q2 How much is 5,000 South African Rand worth in Week 4 in US $? (A) $199.81 (B) $367.65 (C) $476.65 (D) $599.18 (E) $676.48 Step 1 – Convert from Rand in to £ 5,000 / 13.6 = 367.65 Step 2 – Convert from £ in to US $ 367.65 x 1.84 = $676.48 Thus the correct answer is (E), $676.48 For personal use only. Unauthorised copying or Page 2 AssessmentDay distribution in printed, electronic, or any other form in whole or in part, is prohibited without Document last updated 10-04-2014 www.assessmentday.co.uk prior written permission from AssessmentDay.Q3 In Week two 10,000 Japanese Yen is converted into £. In Week 5 this is converted into what value in Euros? (A) €110.00 (B) €104.82 (C) €99.53 (D) €77.76 (E) €60.75 Step 1 – Convert into £ (using Week 2 figures) 10,000 / 128.6 = £77.76 Step 2 – Convert into Euros (using Week 5 figures) £77.76 x 1.28 = €99.53 Thus the correct answer is (C), €99.53 For personal use only. Unauthorised copying or Page 3 AssessmentDay distribution in printed, electronic, or any other form in whole or in part, is prohibited without Document last updated 10-04-2014 www.assessmentday.co.uk prior written permission from AssessmentDay.Q4 During Week 1 a traveller splits £2,100 equally into US $, Japanese Yen and South African Rand. How many £ does the traveller have on Week 3 if all the currencies are converted back into £ and he is charged a 5% fee for each transaction from one currency into another (to the nearest £100)? (A) £1,700 (B) £1,800 (C) £1,900 (D) £2,000 (E) £2,100 Step 1 - splits £2,100 equally into US $, Japanese Yen and South African Rand £2,100 / 3 = £700 Step 2 – Calculate the amount of US $, Japanese Yen and South African Rand (Week 1) US $: £700 x 1.64 = $1,148 Japanese Yen: £700 x 123.2 = 86,240 Yen South African Rand: £700 x 13.4 = 9,380 Rand Step 3 – Deduct a 5% charge for each currency $1,148 x .95 = $1,090.6 86,240 Yen x .95 = 81,928 Yen 9,380 Rand x .95 = 8,911 Rand Step 4 – Convert back into £ (Week 3) $1,090.6 / 1.74 = £626.78 81928 Yen / 134.8 = £607.77 8911 Rand / 13.2 = £675.08 Total = £1,909.626. Deduct a second 5% for the transaction fee. £1,909.63 x 0.95 = £1,814 = £1,800 (to the nearest £100) Thus the correct answer is (B), £1,800 For personal use only. Unauthorised copying or Page 4 AssessmentDay distribution in printed, electronic, or any other form in whole or in part, is prohibited without Document last updated 10-04-2014 www.assessmentday.co.uk prior written permission from AssessmentDay.Q5 Which currency has shown the greatest proportionate change in value between Weeks 1 and 4? (A) Euro (B) US $ (C) Japanese Yen (D) South African Rand (E) Can’t tell from data Step 1 – Calculate the % change in value for each currency between Weeks 1 and 4 Euro: (1.34 – 1.20) / 1.20 = 0.117. Note: some people find it quicker to calculate 1.34 / 1.2 but both methods produce the percentage. US $: (1.84 – 1.64) / 1.64 = 0.122 Japanese Yen: (135.0 – 123.2) / 123.2 = 0.096 South African Rand: (13.6 – 13.4) / 13.4 = 0.015 Thus the correct answer is (B), US $ For personal use only. Unauthorised copying or Page 5 AssessmentDay distribution in printed, electronic, or any other form in whole or in part, is prohibited without Document last updated 10-04-2014 www.assessmentday.co.uk prior written permission from AssessmentDay.Q6 Next Year’s turnover projection for Consultancies A-E combined represents what proportional change on Year 4’s turnover for Consultancies A-E? (A) 3.6% (B) 4.2% (C) 4.6% (D) 5.2% (E) 5.6% Step 1 – Calculate Year 4’s total 24 + 35 + 24 + 22 + 26 = 131 Step 2 – Calculate Next Year’s Projected total turnover 22 + 26 + 35 + 24 + 30 = 137 Step 3 – Calculate the % increase 6 / 131 = 4.6% So the correct answer is (C) 4.6% For personal use only. Unauthorised copying or Page 6 AssessmentDay distribution in printed, electronic, or any other form in whole or in part, is prohibited without Document last updated 10-04-2014 www.assessmentday.co.uk prior written permission from AssessmentDay.Q7 If, in Year 3, Consultancies A to E represent 60% of the marketplace by value of sales, what is the value of the marketplace excluding Consultancies A-E? (A) €8.5 million (B) €8.6 million (C) €8.7 million (D) €8.8 million (E) Can’t tell from the data Step 1 – Calculate the total sales for Consultancies A to D in Year 3 26 + 28 + 30 + 18 + 27= 129 Step 2 – Calculate the part of the market that excludes Consultancies A-E We are told that 129 = 60% So 100% = 129/60 x 100 = 215 Now 215 – (26 + 28 + 30 + 18 + 27) = €86 (100,000s) = €8.6 million Thus the correct answer is (B), €8.6 million For personal use only. Unauthorised copying or Page 7 AssessmentDay distribution in printed, electronic, or any other form in whole or in part, is prohibited without Document last updated 10-04-2014 www.assessmentday.co.uk prior written permission from AssessmentDay.Q8 The turnover target for Consultancy B over the 5 year period shown is €16.5 million. By how much does turnover need to exceed Next Year’s Projected turnover in order for the target to be met? (A) €1.0 million (B) €1.1 million (C) €1.2 million (D) €1.3 million (E) None of these Step 1 - Calculate the total Consultancy B turnover over the 5 year period 30 + 33 + 28 + 35 + 26 = 152 Step 2 – Calculate the total discrepancy with the target figure €16.5 million - €15.2 million = €1.3 million So the correct answer is (D), €1.3 million For personal use only. Unauthorised copying or Page 8 AssessmentDay distribution in printed, electronic, or any other form in whole or in part, is prohibited without Document last updated 10-04-2014 www.assessmentday.co.uk prior written permission from AssessmentDay.Q9 Next year, which company is projecting the smallest percentage change in its turnover? (A) Consultancy A (B) Consultancy B (C) Consultancy C (D) Consultancy D (E) Consultancy E Step 1 – Calculate the % change in turnover projected for each company Consultancy A: 2 / 24 x 100% = 8.3% Consultancy B: 9 / 35 x 100% = 25.7% Consultancy C: 11 / 24 x 100% = 45.8% Consultancy D: 2 / 22 x 100% = 9% Consultancy E: 4 / 26 x 100% = 15.4% Tip: just by inspecting the data you could probably see that the answer is going to be either Consultancy A or D, so you could save time by calculating just these. Thus the correct answer is (A), Consultancy A Q10 What is the ratio of Year 3’s Consultancy C’s turnover to Consultancy E’s turnover? (A) 2 : 5 (B) 4 : 7 (C) 5 : 7 (D) 10 : 9 (E) 5 : 2 Consultancy C : Consultancy E = 30 : 27 = 10 : 9 Thus the correct answer is (D), 10 : 9 For personal use only. Unauthorised copying or Page 9 AssessmentDay distribution in printed, electronic, or any other form in whole or in part, is prohibited without Document last updated 10-04-2014 www.assessmentday.co.uk prior written permission from AssessmentDay.Q11 What % of total plasma TV sales are made online? (A) 25% (B) 28% (C) 30% (D) 38% (E) 42% Step 1 – Calculate the total sales for plasma TVs using both the table and the graph. £325,000 + £456,000 + (£250,000 x 30%) = £856,000 Step 2 – Calculate the % of sales that are made online £325,000 / £856,000 = 38% Thus the correct answer is (D), 38% Note: 42% is deliberately used as a distractor because some people will miss the graph and calculate 325,000 ÷ (325,000 + 456,000) For personal use only. Unauthorised copying or Page 10 AssessmentDay distribution in printed, electronic, or any other form in whole or in part, is prohibited without Document last updated 10-04-2014 www.assessmentday.co.uk prior written permission from AssessmentDay.Q12 What is the difference in value between total sales for IPods compared to cameras? (A) £912,000 (B) £812,000 (C) £712,000 (D) £612,000 (E) £512,000 Step 1 – Calculate the total sales for IPods £852,000 + £644,000 + (18% x £250,000) = £1,541,000 Step 2 – Calculate the total sales for cameras £336,000 + £553,000 + (16% x £250,000) = £929,000 Step 3 – Calculate the difference £1,541,000 - £929,000 = £612,000 Thus the correct answer is (D), £612,000 For personal use only. Unauthorised copying or Page 11 AssessmentDay distribution in printed, electronic, or any other form in whole or in part, is prohibited without Document last updated 10-04-2014 www.assessmentday.co.uk prior written permission from AssessmentDay.Q13 If the High Street and Catalogue sales of DVD Players had been made online, what % of total Online sales would DVD Players represent? (A) 28% (B) 30% (C) 32% (D) 34% (E) 36% Step 1 – Calculate the value of catalogue sales of DVDs £250,000 x 12% = £30,000 Step 2 – Sum the High Street and catalogue sales of DVD players £30,000 + £483,000 = £513,000 Step 3 – Calculate the % of DVD player sales that are online £808,000 + £513,000 / (£852,000 + £808,000 + £513,000 + £553,000 + £325,000 + £575,000) = £1,321,000 / £3,626,000 Thus the correct answer is (E), 36% For personal use only. Unauthorised copying or Page 12 AssessmentDay distribution in printed, electronic, or any other form in whole or in part, is prohibited without Document last updated 10-04-2014 www.assessmentday.co.uk prior written permission from AssessmentDay.Q14 In 2012 total Catalogue sales are forecast to increase by 1/4, total Online sales to increase by a 1/5th, and High Street sales to decrease by 12%. What will be the 2012 sales for Catalogue, Online and High Street combined (to the nearest £1,000)? (A) £5,597,000 (B) £6,285,000 (C) £6,333,000 (D) £6,433,000 (E) £6,613,000 Step 1 – Calculate the total 2011 sales (Online and for the High Street) Online: £852,000 + £808,000 + £553,000 + £325,000 + £575,000 = £3,113,000 High Street: £644,000 + £483,000 + £336,000 + £456,000 + £678,000 = £2,597,000 Step 2 – Calculate the total 2012 sales (Online and for the High Street) Online: £3,113,000 x 1.2 = £3,735,600 High Street: £2,597,000 x 88% = £2,285,360 Step 3 – Calculate the total 2012 sales (Catalogue) £250,000 x 1.25 = £312,500 Step 4 – Sum the total January sales (Online, Catalogue and High Street) £3,735,600 + £2,285,360 + £312,500 = £6,333,460 = £6,333,000 (to the nearest £1,000) Thus the correct answer is (C), £6,333,000 For personal use only. Unauthorised copying or Page 13 AssessmentDay distribution in printed, electronic, or any other form in whole or in part, is prohibited without Document last updated 10-04-2014 www.assessmentday.co.uk prior written permission from AssessmentDay.Q15 The profit made from selling cameras online compared to the High Street is in the ratio 9:7, and 15% of online camera sales is profit. What is the 2011 profit for High Street camera sales? (A) £36,291 (B) £64,517 (C) £66,980 (D) £72,428 (E) £82,950 Step 1 – Calculate the profit for online camera sales 15% x £553,000 = £82,950 Step 2 – Calculate the profit for High Street camera sales £82,950 x 7 / 9 = £64,517 Thus the correct answer is (B), £64,517 Tip: don’t fall for the trap of answering A) £36,291. The wording of the question is important. If the question had said something like “the sales were split between High Street and Online in the ratio 9:7” then you would be correct to multiply £82,950 by 7/(9+7). But the ratio is given as one number in relation to another, so it is simply a case of multiplying by 7/9. For personal use only. Unauthorised copying or Page 14 AssessmentDay distribution in printed, electronic, or any other form in whole or in part, is prohibited without Document last updated 10-04-2014 www.assessmentday.co.uk prior written permission from AssessmentDay.Q16 Which Department has the highest expense budget per member of staff? (A) HR (B) Marketing (C) Sales (D) IT (E) Finance Step 1 – Have a quick look at the data to see if this can be seen by inspection. In this case, it is unlikely you can ‘see’ the answer before doing some number-crunching. Calculate the expense budget per member of staff for each department. 6,500 / 3 = £2,167 16,000 / 6 = £2,667 22,500 / 12 = £1,875 4,500 / 5 = £900 20,000 / 7 = £2,857 Thus the correct answer is (E), Finance For personal use only. Unauthorised copying or Page 15 AssessmentDay distribution in printed, electronic, or any other form in whole or in part, is prohibited without Document last updated 10-04-2014 www.assessmentday.co.uk prior written permission from AssessmentDay.Q17 If the annual expense budget was evenly allocated for each Quarter, which Department is under budget by the highest amount in Quarter 4? (A) HR (B) Marketing (C) Sales (D) Finance (E) R&D Step 1 – Calculate the quarterly expense budgets for each Department (excluding IT which is not shown in the answer options) HR: 6,500 / 4 = 1,625 Marketing: 16,000 / 4 = 4,000 Sales: 22,500 / 4 = 5,625 Finance: 20,000 / 4 = 5,000 R&D: 6,000 / 4 = 1,500 Step 2 – Compare to the Quarter 4 figures for each Dept. HR: 1,625 – 1,346 = £279 Marketing is over budget Sales: 5,625 – 5,245 = £380 Finance: 5,000 – 4,463 = £537 R&D is over budget Thus the correct answer is (D), Finance For personal use only. Unauthorised copying or Page 16 AssessmentDay distribution in printed, electronic, or any other form in whole or in part, is prohibited without Document last updated 10-04-2014 www.assessmentday.co.uk prior written permission from AssessmentDay.Q18 60% of the Sales Department’s budgets for Quarters 1 and 4 was for attending a Sales Conference. The remainder of the budget was split equally between accommodation and travel costs. What were the Sales Department’s travel costs for Quarters 1 and 4 combined? (A) £2,414 (B) £2,500 (C) £3,500 (D) £4,828 (E) Can’t tell from the data Step 1 – Although the annual expense budget is provided, we are not told what the quarterly expense budget is. The table provides data for the annual expense budget and the quarterly expenses, without any mention of what the quarterly expense budget may be, since it cannot be assumed that the annual budget is spread equally over each quarter. Therefore we cannot accurately ascertain 60% of the quarterly budget based on the data provided. Thus the correct answer is (E), Can’t tell from the data Q19 The Finance Department has receipts for £14,476 of its annual expenses. What percentage of the Finance Department’s annual expenses do not have receipts? (A) 5% (B) 10% (C) 15% (D) 20% (E) 25% Step 1 – Total the Finance Department’s expenses for all 4 quarters 4,257 + 4,830 + 4,545 + 4,463 = 18,095 Step 2 – Calculate the % for which there are receipts 14,476 / 18,095 = 80% Step 3 - Calculate the % for which there are no receipts 100 – 20 = 20% For personal use only. Unauthorised copying or Page 17 AssessmentDay distribution in printed, electronic, or any other form in whole or in part, is prohibited without Document last updated 10-04-2014 www.assessmentday.co.uk prior written permission from AssessmentDay.Thus the correct answer is (D), 20% Q20 If the percentage changes in expenses that each Department exhibited between Quarters 3-4 continued into the first quarter of the next year, what would be that quarter’s total expenses (to the nearest £100)? (A) £17,100 (B) £19,100 (C) £19,600 (D) £20,600 (E) None of these Step 1 – Calculate the % change by Department between Quarters 3-4 HR: (1,346 – 1,305) / 1,305 = 3.14%. Note: some people find it quicker to calculate 1,346 ÷ 1,305 = 1.0314 Marketing: (4,309 – 3,652) / 4,309 = 17.99% Sales: (5,245 – 5,091) / 5,245 = 3.02% IT: (956 – 938) / 956 = 1.92% Finance: (4,463 – 4,545) / 4,463 = - 1.80% R&D: (1,821 – 1,755) / 1,821 = 3.76% Step 2 – Calculate the next quarter’s expenses for each department HR: 103.14% x 1,346 = 1,1388 Marketing: 4,309 x 117.99% = 5,084 Sales: 5,245 x 103.02% = 5,403.7 IT: 956 x 101.92% = 974 Finance: 4,463 x 98.2% = 4,383 R&D: 1,821 x 103.76% = 1,889 Step 3 - Calculate the next quarter’s total expenses 1,388 + 5,084 + 5,404 + 974 + 4,383 + 1,889 = £19,122 Thus the correct answer is (B), £19,100 For personal use only. Unauthorised copying or Page 18 AssessmentDay distribution in printed, electronic, or any other form in whole or in part, is prohibited without Document last updated 10-04-2014 www.assessmentday.co.uk prior written permission from AssessmentDay.Q21 What was Year 2’s decrease in the amount invested in North American and European Equities compared to Year 1? (A) $10,000 (B) $100,000 (C) $110,000 (D) $111,000 (E) $111,100 Step 1 – Calculate Year 2’s investments in North American and European Equities North American: $4.5million x 8% = $360,000 European: $4.5million x 12% = $540,000 Step 2 - Calculate Year 2’s decrease compared to Year 1 North American change + European change = ($400,000 - $360,000) + ($600,000 - $540,000) = $100,000 Thus the correct answer is (B), $100,000 For personal use only. Unauthorised copying or Page 19 AssessmentDay distribution in printed, electronic, or any other form in whole or in part, is prohibited without Document last updated 10-04-2014 www.assessmentday.co.uk prior written permission from AssessmentDay.Q22 Which type of investment shows the largest difference between Year 1 and Year 2 in the proportion it contributed to the total Growth Fund? (A) Gilts (B) Fixed interest (C) North American Equities (D) UK Equities (E) Pacific Rim Equities Step 1 – calculate the proportion of the fund that each investment made up in Year 1 Gilts = 0.2 / 4.8 = 4.17% Fixed Interest = 0.8 / 4.8 = 16.67% North American Equities = 0.4 / 4.8 = 8.33% European Equities = 0.6 / 4.8 = 12.5% UK Eequities = 1.6 / 4.8 = 33.33% Pacific Rim Equities = 1.2 / 4.8 = 25% Step 2 – compare these figures to the % figures shown in Year 2’s pie-chart Gilts = 4.17% vs. 4% Fixed Interest = 16.67% vs. 14% North American Equities = 8.33% vs. 8% European Equities = 12.5% vs. 12% UK Equities = 33.33% vs. 40% Pacific Rim Equities = 25% vs. 22% Thus the correct answer is (D), UK Equities For personal use only. Unauthorised copying or Page 20 AssessmentDay distribution in printed, electronic, or any other form in whole or in part, is prohibited without Document last updated 10-04-2014 www.assessmentday.co.uk prior written permission from AssessmentDay.Q23 If the proportional change in the Growth Fund between Year 1 and Year 2 continued over subsequent years, what would be the projected Growth Fund value in Year 6? (A) $3.48 million (B) $3.51 million (C) $3.71 million (D) $5.73 million (E) $5.95 million Step 1 – Calculate the proportional change in the Growth Fund between Year 1 and 2 (4.8 – 4.5) / 4.8 = - 6.25% Step 2 – Apply this % to calculate the growth Fund value each year up to Year 6 Year 3: 93.75% x 4.5 = 4.2188 Year 4: 93.75% x 4.2188 = 3.955 Year 5: 93.75% x 3.955 = 3.708 Year 6: 93.75% x 3.708 = $3.476 million Thus the correct answer is (A), $3.48 million For personal use only. Unauthorised copying or Page 21 AssessmentDay distribution in printed, electronic, or any other form in whole or in part, is prohibited without Document last updated 10-04-2014 www.assessmentday.co.uk prior written permission from AssessmentDay.Q24 If in Year 2 the amount invested in Year 1’s Fixed Interest fund had been sold and converted into European Equity funds, what is the value of European Equity funds in Year 2? (Assume no charges are incurred). (A) $540,000 (B) $700,000 (C) $800,000 (D) $1.24 million (E) $1.34 million Step 1 – Calculate the Year 2 amount of European Equity funds European Equity: 12% x $4.5 million = $540,000 Step 2 - Sum the Year 1 Fixed Interest and Year 2 European Equity investments $800,000 + $540,000 = $1,340,000 Thus the correct answer is (E), $1.34 million For personal use only. Unauthorised copying or Page 22 AssessmentDay distribution in printed, electronic, or any other form in whole or in part, is prohibited without Document last updated 10-04-2014 www.assessmentday.co.uk prior written permission from AssessmentDay.Q25 In Year 3 the percentage of the Growth Fund held in each investment type is the same as in Year 1. The total value of the Growth Fund increases by 14% of the Year 2 value. What is the value of Year 3’s holding in UK Equities? (A) $1,530,000 (B) $1,170,000 (C) $1,710,000 (D) $2,040,000 (E) $2,030,000 Step 1 – Calculate the percentage holding in UK Equities 1.6 / 4.8 = 33.33% Step 2 – Calculate the increased Growth Fund value $4.5 million x 114% = $5,130,000 Step 3 – Calculate the value of the holding in UK Equities $5,130,000 x 33.33% = $1,710,000 Thus the correct answer is (C), $1,710,000 For personal use only. Unauthorised copying or Page 23 AssessmentDay distribution in printed, electronic, or any other form in whole or in part, is prohibited without Document last updated 10-04-2014 www.assessmentday.co.uk prior written permission from AssessmentDay.Q26 Which month has the lowest asset turnover value? (Use the formula Asset Turnover = Total Sales / Fixed Assets) (A) January (B) February (C) March (D) April (E) May Calculate Asset Turnover = Total Sales / Fixed Assets for each month Jan: 136,000 / 38,000 = 3.58 Feb: 135,000 / 34,000 = 3.97 March: 136,500 / 32,000 = 4.27 April: 156,000 / 45,000 = 3.47 May: 145,000 / 40,000 = 3.63 Thus the correct answer is (D), April For personal use only. Unauthorised copying or Page 24 AssessmentDay distribution in printed, electronic, or any other form in whole or in part, is prohibited without Document last updated 10-04-2014 www.assessmentday.co.uk prior written permission from AssessmentDay.Q27 Compared to May’s figures, Total sales for June show an increase of 8% and Operating expenses show a decrease of 7%. What is June’s Income? (A) £105,450 (B) £95,450 (C) £85,450 (D) £75,450 (E) Can’t tell from the data Step 1 – The table shows that Income = Total sales – Operating expenses Step 2 – Calculate June’s values for Total sales and Operating expenses Total sales = 145,000 x 108% = 156,600 Operating expenses = 55,000 x 93% = 51,150 Step 3 – Apply the formula Income = Total sales – Operating expenses Income = 156,600 - 51,150 = £105,450 Thus the correct answer is (A), £105,450 For personal use only. Unauthorised copying or Page 25 AssessmentDay distribution in printed, electronic, or any other form in whole or in part, is prohibited without Document last updated 10-04-2014 www.assessmentday.co.uk prior written permission from AssessmentDay.Q28 Which month has the highest Working capital to Total assets ratio? (A) January (B) February (C) March (D) April (E) May Step 1 – Use the equation provided to calculate the working capital for each month Working Capital to Total Assets ratio = (Current Assets – Liabilities) / Total Assets January: (66,500 – 34,400) / 140,500 = 0.23 February: (63,000 – 35,600) / 132,500 = 0.21 March: (65,000 – 33,000) / 133,000 = 0.24 April: (68,000 – 35,000) / 151,000 = 0.22 May: (66,000 – 33,500) / 142,500 = 0.23 Thus the correct answer is (C), March Q29 If the average value of Total assets between the months of April to June is £150,000, what is the value of Total assets in June? (A) £154,500 (B) £155,000 (C) £155,500 (D) £156,000 (E) £156,500 Enter the Total assets figures for April to June into an equation, where z = Total assets in June. 151,000 + 142,500 + z = 150,000 x 3 z = 450,000 – 151,000 – 142,500 = 156,500 Thus the correct answer is (E), £156,500 For personal use only. Unauthorised copying or Page 26 AssessmentDay distribution in printed, electronic, or any other form in whole or in part, is prohibited without Document last updated 10-04-2014 www.assessmentday.co.uk prior written permission from AssessmentDay.Q30 If the average monthly sales for the first five months of the year was the same for the months of June to December, what was the total annual sales? (A) £1,500,400 (B) £1,600,400 (C) £1,700,400 (D) £1,800,400 (E) £1,900,400 Step 1 – Calculate the total sales for Jan – May 136,000 + 135,000 + 136,500 + 156,000 + 145,000 = 708,500 Step 2 – Since the monthly average is the same, multiply this figure by 12 / 5 708,500 x 12 / 5 = £1,700,400 Thus the correct answer is (C), £1,700,400 -- End of Test -- For personal use only. Unauthorised copying or Page 27 AssessmentDay distribution in printed, electronic, or any other form in whole or in part, is prohibited without Document last updated 10-04-2014 www.assessmentday.co.uk prior written permission from AssessmentDay.