1.
Award: 1.42 out of 3.00 points
Match the following terms with their definitions.
1. Variable commission scale
2. Straight commission
3. SUTA
4. Differential pay
5. FICA
6. FUTA
7. Override
8. Net pay
9. Semimonthly
10. FIT
11. Gross pay
12. Fair Labor
Match the following terms with their definitions.
1. Principal
2.
Ordinary interest
3. Simple interest formula
4. Interest
5. Principal and interest
6.
Adjusted balance
7.
U.S. Rule
8. Banker's rule
9. Maturity value
10. Exact interest
3
Correct: 3
Princi
Match the following terms with their definitions.
1. Promissory note
2. Maker
3. Bank discount
4. Face value
5. Proceeds
6. Line of credit
7. Interest-bearing note
8. Maturity value
9. Discount period
10. Maturity date
11. Simple discount note
12. Bank di
Match the following terms with their definitions.
1. Net income
2. Markdowns
3. Breakeven point
4. Contribution margin
5. Cost
6. Dollar markdown
7. Dollar markup
8. Markups
9. Percent markup on selling price
10. Gross profit
11. Percent markup on cost
12
Match the following terms with their definitions.
1. Cash discount
2. FOB destination
3. Chain discount
4. Terms of sale
5. Complement
6. Net price equivalent rate
7. Due dates
8. ROG
9. Credit period
10. Net price
11. Single equivalent discount rate
12.
Match the term with its definition.
1.
2
2.
Blueprints
3.
Formula
4.
Equations
5.
Constant
6.
G
7.
Variables
8.
Parenthesis
9.
Unknowns
5
Correct: 4
A match statement of equality
4
Correct: 3
I=PRT
7
Correct: 5
+3
9
Correct: 9
Attempting to solve for
6
Co
Match the following terms with their definitions.
1.
Portion
2.
Percent increase
3.
Base
4.
Less than 1%
5.
Fractional percent
6.
Hundredth %
7.
Rate
8.
Portion larger than base
9.
Percent decrease
10.
Base larger than portion
1
Correct: 4
.008
7
Correct:
Match the following terms with their definitions.
1. Check register
2. Net deposit
3. Nonsufficient funds
4. Outstanding checks
5. Bank statement
6. Electronic funds transfer
7. Full endorsements
8. Smartphone
9. Drawer
10. Deposits in transit
11. Restric
1. Rounding decimals.
2. Decimal equivalent.
3. Mixed decimal.
4. Decimal point.
5. Decimal.
6. Repeating decimal.
7. Hundredth.
8. Pure decimal.
7
Correct: 7
Two places to the right of decimal.
5
Correct: 5
Number written with a decimal point.
2
Correct:
Match the following terms with their definitions.
1. Improper fraction.
2. Greatest common divisor.
3. Higher terms.
4. Mixed numbers.
5. Proper fractions.
6. Denominator.
7. Numerator.
8. Least common denominator (LCD).
9. Prime numbers.
10. Cancellation
Match the following terms with their definitions.
1.
Multiplicand
2.
Difference
3.
Minuend
4.
Product
5.
Whole number
6.
Quotient
7.
Addend
8.
Remainder
9.
Dividend
10.
Multiplier
11.
Divisor
12.
Sum
13.
Subtrahend
12
Correct: 12
The total of the adding p
CHAPTER 5 & 6 FORMULA SHEET
Discrete probability distributions
Expected value
E(x) = =
Variance
2 =
x i P ( x)
2
( x i) P(x)
Standard deviation
= 2
Binomial distribution
P(x) =
n!
x ! ( nx ) !
px(1-p)n-x
Expected value
E(x) = = np
Variance
2 = = np(1-p)
Question 1
0 out of 1 points
Citizen Bank sent a bank statement to Bane Co. showing an ending
balance of $1,480. On the bank statement there was a service charge of
$20. The bookkeeper of Bane Co. noticed in the reconciliation process a
deposit in transi
Question 1
1 out of 1 points
Given interest of $1,632 with principal of $16,000 for 306 days (ordinary
interest), results in a rate of:
Selected
Answer:
Correct
Answer:
Response
Feedback:
12
percent
12
percent
$1,632/($16,000 x
(306/360) = 12%
Question 2
Question 1
1. Graduated payments result in the borrower paying:
More at beginning of
mortgage
Less at beginning of
mortgage
Less at end of mortgage
The mortgage at 1/2 the
standard rate
None of these
1 points
Question 2
1. Megan Mei is charged 2 points on
Question 1
1 out of 1 points
Cash discounts are:
Selected
Answer:
Correct
Answer:
Response
Feedback:
Never calculated on freight
and returns
Never calculated on freight
and returns
Review your notes on terminology and vocabulary
related to this material
Question 1
0 out of 1 points
The maturity value of a $16,000 non-interest-bearing, simple discount 6
percent, 60 days note is:
Selected
Answer:
Correct
Answer:
Response
Feedback:
$16,6
10
$16,0
00
$16,000, it is a non interestbearing note.
Question 2
1 o
Question 1
1 out of 1 points
Graduated payments result in the borrower paying:
Selected
Answer:
Correct
Answer:
Response
Feedback:
Less at beginning of
mortgage
Less at beginning of
mortgage
Graduated payments result in the borrower paying less
at beginn
Ch 5
Question 1
0 out of 1 points
Differential pay schedule is based on:
Selected
Answer:
Correct
Answer:
Response
Feedback:
FUTA
Different levels of
performance
Differential pay schedule is based on different levels of
performance.
Question 2
1 out of 1
Final Exam (10-16; 20, 22)
Student: _
1. At the beginning of each year, Bill Ross invests $1,400 semi-annually at 8 percent for 9 years. The cash value
of the annuity due at the end of the ninth year is: (Use the tables in the handbook)
A. $38,739.68
B. $
Question 1
1 out of 1 points
Most companies calculate the finance charge on credit card accounts as a
percentage of the:
Selected
Answer:
Correct
Answer:
Response
Feedback:
Average daily
balance
Average daily
balance
Most companies calculate the finance
Review Test Submission: Chapter 9
Content
User
Course
John Andrew Feagin
BUS 120 - Business
Math
Chapter 9
5/6/14 11:33 PM
5/6/14 11:41 PM
Completed
5 out of 10 points
7 minutes.
Test
Started
Submitted
Status
Attempt Score
Time Elapsed
Instructions
false
Review Test Submission: Chapter 20
Content
User
Course
John Andrew Feagin
BUS 120 - Business
Math
Chapter 20
5/12/14 1:16 AM
5/12/14 1:32 AM
Completed
8 out of 10 points
16 minutes.
Test
Started
Submitted
Status
Attempt Score
Time Elapsed
Instructions
fal
Jessica Clanin
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According to Louis (2011), animals have a much higher chance of being adopted
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The cat wondered around the room, cautiously (Jerry et al., 2005)
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