# Business and finance and statistics

1. Commissions charged on the trading of stock are

A. fixed.
B. charged only on sale of stock.
C. charged only on buying of stock.
D. charged on buying and selling of stock.

2. Clay’s Fishing Shop’s beginning inventory is \$70,000 and ending inventory is \$36,500. What was Clay’s
average inventory?

A. \$53,250
B. \$48,000
C. \$18,250
D. \$35,000

3. Jangles Co. earned \$1.80 per share. Assuming a closing price of \$40, what is the PE ratio? (Round your
answer to the nearest whole number.)

A. 20
B. 72
C. 7
D. 22

4. Determine the mode from the following numbers: 71, 3, 13, 33, 3, 71, 14, 33, 13, and 33.

A. 13
B. 33
C. 3
D. 71

5. Usually, assessed value is rounded to the nearest

A. dollar.
B. percent.
C. cent.
D. tenth.

6. With net sales of \$40,000, beginning inventory at retail of \$14,000, ending inventory at retail of \$20,000, and cost of goods sold of \$19,500, what is the inventory turnover at retail rounded to the nearest hundredth?

A. 2.35
B. 5.23
C. 3.25
D. 5.15

7. The tax rate of \$.6943 in decimal can be expressed per \$100 as
A. \$69.43.
B. \$6.943.
C. \$690.3.
D. \$69.43 mills.

8. Bauer Supply had total cost of goods sold of \$1,400 with 140 units available for sales. What was the
average cost per unit?

A. 14.10
B. \$10
C. \$140
D. \$14

9. What is the retail method?

A. It doesn’t require a cost ratio.
B. It aids a company in not having to calculate an inventory cost for each individual item.
C. It eliminates the need to take a physical inventory.
D. It’s not an estimate.

10. Which one of the following statements is true about reduced paid-up insurance?

B. It means the original face amount is continued for a certain number of years.
C. It continues for 20 years.
D. It results in a face amount less than the original amount

11. Crestwood Paint Supply had a beginning inventory of 10 cans of paint at \$25.00 per can. They
purchased 20 cans during the month at \$30.00 per can. They had an ending inventory valued at \$500. How much paint in dollars was used for the month?

A. \$350
B. \$1,350
C. \$850
D. \$250

12. The municipality of Waterloo needs \$915,000 from property tax to meet its budget. The total value of assessed property in Waterloo is \$14,000,000. What is the tax rate per dollar? (Round your answer to the nearest thousandth.)

A. \$.0655
B. \$.065
C. \$.07
D. \$.071

13. The cost ratio in the retail method is found by the cost of goods available for sale at cost divided by the

A. net purchases at cost.
B. ending inventory at retail.
C. net sales.
D. cost of goods available for sale at retail.

14. Bee Sting bought 400 shares of Google at \$399.75 per share. Assume a commission of 2% of the
purchase price. What is the total to Bee?

A. \$163,098
B. \$163,980
C. \$159,900
D. \$156,702

15. Suppose Department A is 8,000 square feet, Department B is 5,000 square feet, and Department C is
6,000 square feet. What is the percent of overhead expense applied to Department C? (Round your answer to the nearest whole percent.)

A. 42%
B. 32%
C. 26%
D. 68%

16. In terms of premium cost, the most expensive type of insurance is _______ insurance.

A. term
B. 20-payment life
C. 20-year endowment
D. straight-life

17. The weighted-average method is best used

A. for homogeneous products.
B. for heterogeneous products.
C. only for grains.
D. only for fuels.

18. Which one of the following statements is true of specific identification?

A. Low-cost items aren’t used in this method.
B. Flow of goods and flow of cost are the same.
C. Ending inventory isn’t associated with specific purchase prices.
D. The specific purchase invoice prices aren’t used.

19. Total sales of \$400,000 that included a 6% sales tax yields actual sales of

A. \$48,200.
B. \$377,358.49.
C. \$37,537.58.
D. \$42,800.

20. Stocks are always quoted in

A. quarter lots.
B. percents.
C. decimals.
D. quarters of a dollar.

21. Matt Miller, age 28, takes out \$50,000 of straight-life insurance. His annual premium is \$418.20. Using the tables in the Business Math Handbook that accompanies the course textbook, determine the cash value of his policy at the end of 20 years.

A. \$13,250
B. \$26,500
C. \$30,000
D. \$26,000

22. Which one of the following statements is true of preferred stock?

A. It never has a preference to dividends over common stockholders.
B. It never receives dividends in arrears.
C. It has equal rights to common stock.
D. It can be cumulative.

A. They contribute directly to the running of a business.
B. They’re directly related to a specific product.
C. They’re directly related to a specific department.
D. They contribute indirectly to the running of a business.

24. The building of Jim’s Hardware is assessed at \$109,000. The tax rate is \$86.95 per \$1,000 of assessed
valuation. The tax due is

A. \$8,695.45.
B. \$8,659.54.
C. \$9,477.55.
D. 94,698.23.
E. \$947.75.

25. Personal property items do not include

A. furniture.
B. jewelry.
C. land.
D. autos

Basic features
• Free title page and bibliography
• Unlimited revisions
• Plagiarism-free guarantee
• Money-back guarantee
On-demand options
• Writer’s samples
• Part-by-part delivery
• Overnight delivery
• Copies of used sources
Paper format
• 275 words per page
• 12 pt Arial/Times New Roman
• Double line spacing
• Any citation style (APA, MLA, Chicago/Turabian, Harvard)

# Our guarantees

We value our customers and so we ensure that what we do is 100% original..
With us you are guaranteed of quality work done by our qualified experts.Your information and everything that you do with us is kept completely confidential.

### Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

### Zero-plagiarism guarantee

The Product ordered is guaranteed to be original. Orders are checked by the most advanced anti-plagiarism software in the market to assure that the Product is 100% original. The Company has a zero tolerance policy for plagiarism.

### Free-revision policy

The Free Revision policy is a courtesy service that the Company provides to help ensure Customer’s total satisfaction with the completed Order. To receive free revision the Company requires that the Customer provide the request within fourteen (14) days from the first completion date and within a period of thirty (30) days for dissertations.

The Company is committed to protect the privacy of the Customer and it will never resell or share any of Customer’s personal information, including credit card data, with any third party. All the online transactions are processed through the secure and reliable online payment systems.

### Fair-cooperation guarantee

By placing an order with us, you agree to the service we provide. We will endear to do all that it takes to deliver a comprehensive paper as per your requirements. We also count on your cooperation to ensure that we deliver on this mandate.

## Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
\$26
The price is based on these factors: