Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Accounting Basics Expert

1. During the great recession that began in January 2008, average weekly claims for unemployment were 420,000. The normal weekly average during full employment is 122,000. How many more people were filing for unemployment in January 2008?

A. 542,000

B. 400,000

C. 298,000

D. 288,000

2. Round all the way 2,689.

A. 2,680

B. 3,680

C. 2,790

D. 3,000

3. 750 is what percent of 900? (Round to nearest tenth of a percent.)

A. 83.3%

B. 16.66%

C. 16.6%

D. 83.33%

4. Abby is touring China for four days. The car rental is $38.15 per day plus 121 /2 cents per mile. If Abby drives 380.5 miles, how much does she owe the rental company?

A. $475.56

B. $152.60

C. $200.16

D. $201.16

5. Mel Company has a net income, before taxes, of $95,000. The treasurer of the company estimates 45% of net income will have to be paid for federal and state taxes. The tax for both federal and state is

A. $42,560.

B. $47,250.

C. $21,111.

D. $42,750.

6. On Tuesday, Pizza Hut sold 60 plain pizzas at $5 each; 20 meatball pizzas at $8 each; 25 Sicilian pizzas at $9 each; and 33 large crust supremes at $10 each. What were the total dollar sales for Pizza Hut on Tuesday?

A. $1,511

B. $790

C. $1,115

D. $1,015

7. In the percent increase or decrease problems, the portion is

A. 1 /2 the original price.

B. the new price.

C. the amount of increase or decrease.

D. the original price.

8. Which of the following is not a prime number?

A. 11

B. 5

C. 24

D. 19

9. Lane is 10 times Mel's age. If the difference in their age is 27, how old is Mel?

A. 26

B. 30

C. 3

D. 4

10. The price of a Panasonic 3D flat screen television decreased by 1 /5 . If the original price was $1,500, what is the price today?

A. $1,000

B. $1,200

C. $1,800

D. $1,500

11. At Best Buy a flat screen television with a regular price of $1,790 was reduced by $395. Assuming 800 customers purchased the television, what were the total sales to Best Buy?

A. $116,000

B. $1,161,000

C. $1,160

D. $1,116,000

12. Matt Kaminsky bought a Volvo that is 33 /4 times as expensive as the car his parents bought. If his parents paid $8,000 for theirs, what is the cost of Matt's car?

A. $28,000

B. $29,000

C. $30,000

D. $26,000

13. Jill traveled to Canada and bought a new lamp for $460 Canadian dollars. In U.S. dollars (to the nearest cent) this is equivalent to

A. $450.52

B. $480.66

C. $517.77

D. $577.25

14. The price of an iPod dropped from $299.99 to $180.55. What was the percent decrease in price? (Round to nearest hundredth percent.)

A. 39%

B. 39.81%

C. 39.82%

D. 39.80%

15. An LCD flat screen TV at Best Buy increased in price from $900 to $1,200. What was the percent of increase?

A. 371 /3%

B. 331 /3%

C. 391 /3%

D. 351 /3%

16. Ace Landscape buys 100 shovels for $15 each. Ace sells all 100 shovels at $29.99. What is his profit?

A. $1,499

B. $2,999

C. $1,500

D. $1,400

17. 47,000 × 400 equals

A. 18,000,800.

B. 800,000.

C. 18,800,000.

D. 18,000,000.

18. The bank statement of July 31 for Savon Co. showed a balance of $6,008.10, and the checkbook showed a balance of $1,900.40. The bookkeeper of Savon Co. noticed from the bank statement that the bank had collected a note for $666.66. There was a deposit in transit made on July 1 for $1,100.10 along with the outstanding checks of $4,580.54. Check charges were $39.40. What is the reconciled balance?

A. $5,227.66

B. $5,272.66

C. $2,572.66

D. $2,527.66

19. The cost of a regular price ticket to a Saint Louis Cardinal baseball game was $60. During the World Series, the price increased by 2 /5 . What did the fans pay?

A. $80

B. $65

C. $69

D. $84

20. If P + 77 = 101, then P equals

A. 22.

B. 178.

C. 42.

D. 24.

21. In a recent, local taste contest testing Coke against Pepsi, it was found that 3 /5 of all people surveyed preferred the taste of Coke. If 7,500 people were in the survey, how many chose Pepsi?

A. 4,500

B. 3,000

C. 3,500

D. 5,400

22. 97 × 100,000 equals

A. 9,700.

B. 970,000.

C. 97,000.

D. 9,700,000.

23. Facebook's initial IPO was $38 per share. Arianna purchased 616 shares. Assuming a cost of $7.00 to purchase the 616 shares, what was Arianna's total cost?

A. $23,408

B. $23,415

C. $20,000

D. $22,514

24. Subtracting 766 from 941 results in a difference of End of exam

A. 175.

B. 241.

C. 571.

D. 185.

25. Joe Jackson worked 8 hours on Monday, 41 /4 hours on Tuesday, 61 /8 hours on Wednesday, 71 /4 hours on Thursday, and 81 /8 hours on Friday. Calculate the total number of hours Joe worked for the week.

A. 331 /8

B. 323 /4

C. 333 /4

D. 35

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M91669676

Have any Question?


Related Questions in Accounting Basics

Assignment -in this assignment you are asked to provide a

Assignment - In this assignment, you are asked to provide a summary of recent developments relating to financial reporting and prepare financial statement reports in accordance with accounting standard requirements. As s ...

Question 1please answer each question in no more than 3-4

Question: 1. Please answer each question in no more than 3-4 sentences. a) What is the difference between an ordinary and a deferred annuity? Also provide an example of each. b) How can the future value of an annuity be ...

Question please respond to the followingfor this weeks

Question: Please respond to the following. For this week's collaborative activity, review Apple Inc.'s most recent financial statements. Apple's Financial Information. Based on your analysis of Apple's most recent financ ...

Scenario - terri has an annual contract with jackson

SCENARIO - Terri has an annual contract with Jackson Mortgage Brokers to provide property maintenance services; this includes lawn care, snow removal and parking lot maintenance. Terri spends, on average, 20 hours per we ...

Question -what does the statement of stockholders equity

Question - What does the statement of stockholders' equity report? How does the statement of stockholders' equity differ from the statement of retained earnings? What is the effect on the accounting equation when cash di ...

Question - texas roadhouse opened a new restaurant in

Question - Texas Roadhouse opened a new restaurant in October. During its first three months of operation, the restaurant sold gift cards in various amounts totaling $2,900. The cards are redeemable for meals within one ...

Assessment task individual reflective pieceindividual

Assessment task: Individual Reflective Piece Individual Responsible Leadership Model For your individual assignment, you are required to submit a reflective piece. In your write-up you should include the following requir ...

Question - given2018 pretax accounting income 4000002018

Question - Given 2018 Pretax Accounting Income: $400,000 2018 Municipal Bond Interest Income Included in Pretax Accounting Income: $20,000 2018 Warranty Expense of $70,000 for Accounting Purposes 2018 Actual Warranty Cos ...

Questions -question 1 - on 20 september 2005 louisa paid

Questions - Question 1 - On 20 September 2005 Louisa paid $500,000 for an investment property and incurred the following costs: In October 2005 stamp duty and legal costs on acquisition $25,000 In June 2010 Louisa added ...

Question -how much do i need to invest every month today in

Question - How much do I need to invest every month today in order to have a $1 million retirement fund in 35 years? Assume the interest rate of 5%, compounded daily. So you just won the lottery. What's a better deal $25 ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As