Question 1

Simplify:

Accepted Answer

The answer of Simplify:  ...

Question 2

A pay stub shows gross earnings of $447.00 for 47 hours of work. What is the hourly rate of pay if the regular workweek is 40 hours and overtime is paid at time and one-half the regular rate of pay?

Accepted Answer

@#IMG-DLM& At time-and-a-half, overtime

Question 3

On a trip, a motorist purchased gasoline as follows: 66 litres at 69.0 cents per litre; 69 litres at 70.5 cents per litres; 80 litres at 71.5 cents per litre; and 57 litres at 74.5 cents per litre.
a) What was the average number of litres per purchase?
b) What was the average cost per litre?
c) If the motorist averaged 9.75 km per litre, what was her average cost of gasoline per kilometre?

Accepted Answer

a) 66 + 69 + 80 + 57 = 272
 @#IMG-DLM& b

Question 4

Change the following expression into a decimal: 166.67%

Accepted Answer

A)  166667 
B)  166.7 
C)  16667 
D)  1.6667 
E)  0.16667 
A)  166667 
B)  166.7 
C)  16667 
D)  1.6667 
E)  0.16667

Question 5

Change the following percent into a common fraction in lowest terms: 34%

Accepted Answer

The answer of Change the following percent into a common...

Question 6

A clothing salesperson receives a weekly base salary of $200.00 on a quota of $3 000. On the next $1000, he receives a commission of 25%. On any additional sales, the commission rate is 40%. Find her gross earnings for a week in which her sales total $6000.

Accepted Answer

The answer of A clothing salesperson receives a weekly base...

Question 7

Sean's residence is assessed by the local taxation department at $160 000. Calculate the property taxes paid on this property if the existing mill rate is 20.

Accepted Answer

160 000 ×

Question 8

While in Prince Edward Island, Charlotte goes to the barbershop, where she pays $24 for the haircut and $21 for the colour, both of which are subject to the 14% HST. She also tips the barber 17% of the combined cost of the haircut and colouring, excluding taxes. How much does Charlotte spend in total?

Accepted Answer

24 + 21 = 45 Tip = 17% of 45 =

Question 9

Scott Rae had gross earnings of $554.30 for last week. Scott earns a base salary of $350.00 on a weekly quota of $4 500.00. If his sales for the week were $6124.00, what is his commission rate?

Accepted Answer

@#IMG-DLM& Rate of c

Question 10

Simplify:

Accepted Answer

A)  1 
B)  0.24 
C)  6.11 
D)  10.49 
E)  0.58 
A)  1 
B)  0.24 
C)  6.11 
D)  10.49 
E)  0.58

Question 11

Calculate the weighted-average cost of the following inventory purchases:

Accepted Answer

A)  $12.76 
B)  $12.12 
C)  $22.11 
D)  $21.21 
E)  $22.22 
A)  $12.76 
B)  $12.12 
C)  $22.11 
D)  $21.21 
E)  $22.22

Question 12

A retail chain sells snowboards for $855.00 plus GST and PST. What is the price difference for consumers in London, Ontario, and Lethbridge, Alberta?

Accepted Answer

Total cost

Question 13

A retailer returned 300 defective items to the manufacturer and received a credit for the retail price of $0.75 less a discount of 1/3 of the retail price. What was the amount of the credit received by the retailer?

Accepted Answer

Retail value = 300($

Question 14

A computer store located in Oakville, Ont., sells a laptop for $1000.00 plus HST. If the same model is sold at the same price in a store in Victoria, B.C.., what is the difference in the prices paid by consumers in the two stores?

Accepted Answer

Amount paid in Oakville, Ont
= Retail Pr

Question 15

Extend and total the following invoice.

Accepted Answer

The answer of Extend and total the following invoice.
 ...

Question 16

An employee receives a gross pay of $750.73 for 47.25 hours of work. What is the hourly rate of pay if a regular work week is 37.5 hours and overtime is paid at time-and-a-half the regular rate of pay?

Accepted Answer

Let the regular rate of pay be

Question 17

You bought a new car in Ontario for $19 500 which included HST. What is the total amount of HST that you paid?

Accepted Answer

A)  $2535.00 
B)  $2243.36 
C)  $2913.79 
D)  $1197.37 
E)  $171.05 
A)  $2535.00 
B)  $2243.36 
C)  $2913.79 
D)  $1197.37 
E)  $171.05

Question 18

Purchases of an inventory item during the last accounting period were as follows:
   What was the weighted average price per item?

Accepted Answer

@#IMG-DLM& Average p

Question 19

Simplify: (14 + 7)/3

Accepted Answer

(14 + 7)/3

Question 20

Calculate the weighted-average cost of the following inventory purchases:

Accepted Answer

A)  $12.74 
B)  $12.75 
C)  $22.74 
D)  $22.75 
E)  $37.49 
A)  $12.74 
B)  $12.75 
C)  $22.74 
D)  $22.75 
E)  $37.49

Simplify:

A pay stub shows gross earnings of $447.00 for 47 hours of work. What is the hourly rate of pay if the regular workweek is 40 hours and overtime is paid at time and one-half the regular rate of pay?

Change the following expression into a decimal: 166.67%

Change the following percent into a common fraction in lowest terms: 34%

A clothing salesperson receives a weekly base salary of $200.00 on a quota of $3 000. On the next $1000, he receives a commission of 25%. On any additional sales, the commission rate is 40%. Find her gross earnings for a week in which her sales total $6000.

Sean's residence is assessed by the local taxation department at $160 000. Calculate the property taxes paid on this property if the existing mill rate is 20.

Scott Rae had gross earnings of $554.30 for last week. Scott earns a base salary of $350.00 on a weekly quota of $4 500.00. If his sales for the week were $6124.00, what is his commission rate?

Simplify:

Calculate the weighted-average cost of the following inventory purchases:

A retail chain sells snowboards for $855.00 plus GST and PST. What is the price difference for consumers in London, Ontario, and Lethbridge, Alberta?

A retailer returned 300 defective items to the manufacturer and received a credit for the retail price of $0.75 less a discount of 1/3 of the retail price. What was the amount of the credit received by the retailer?

A computer store located in Oakville, Ont., sells a laptop for $1000.00 plus HST. If the same model is sold at the same price in a store in Victoria, B.C.., what is the difference in the prices paid by consumers in the two stores?

Extend and total the following invoice.

An employee receives a gross pay of $750.73 for 47.25 hours of work. What is the hourly rate of pay if a regular work week is 37.5 hours and overtime is paid at time-and-a-half the regular rate of pay?

You bought a new car in Ontario for $19 500 which included HST. What is the total amount of HST that you paid?

Purchases of an inventory item during the last accounting period were as follows: What was the weighted average price per item?

Simplify: (14 + 7)/3

Calculate the weighted-average cost of the following inventory purchases:

Review of Basic Algebra

Ratio, Proportion, and Percent

Linear Systems

Cost-Volume-Profit Analysis and Break-Even

Trade Discounts, Cash Discounts, Markup, and Markdown

Simple Interest

Simple Interest Applications

Compound Interest - Future Value and Present Value

Compound Interest - Further Topics

Ordinary Simple Annuities

Ordinary General Annuities

Annuities Due, Deferred Annuities, and Perpetuities

Amortization of Loans, Residential Mortgages, and Sinking Funds

Bond Valuation

Investment Decision Applications

Filters

Exam 1: Review of Arithmetic

Simplify:

A pay stub shows gross earnings of $447.00 for 47 hours of work. What is the hourly rate of pay if the regular workweek is 40 hours and overtime is paid at time and one-half the regular rate of pay?

Change the following expression into a decimal: 166.67%

Change the following percent into a common fraction in lowest terms: 34%

A clothing salesperson receives a weekly base salary of $200.00 on a quota of $3 000. On the next $1000, he receives a commission of 25%. On any additional sales, the commission rate is 40%. Find her gross earnings for a week in which her sales total $6000.

Sean's residence is assessed by the local taxation department at $160 000. Calculate the property taxes paid on this property if the existing mill rate is 20.

Scott Rae had gross earnings of $554.30 for last week. Scott earns a base salary of $350.00 on a weekly quota of $4 500.00. If his sales for the week were $6124.00, what is his commission rate?

Simplify:

Calculate the weighted-average cost of the following inventory purchases:

A retail chain sells snowboards for $855.00 plus GST and PST. What is the price difference for consumers in London, Ontario, and Lethbridge, Alberta?

A retailer returned 300 defective items to the manufacturer and received a credit for the retail price of $0.75 less a discount of 1/3 of the retail price. What was the amount of the credit received by the retailer?

A computer store located in Oakville, Ont., sells a laptop for $1000.00 plus HST. If the same model is sold at the same price in a store in Victoria, B.C.., what is the difference in the prices paid by consumers in the two stores?

Extend and total the following invoice.

An employee receives a gross pay of $750.73 for 47.25 hours of work. What is the hourly rate of pay if a regular work week is 37.5 hours and overtime is paid at time-and-a-half the regular rate of pay?

You bought a new car in Ontario for $19 500 which included HST. What is the total amount of HST that you paid?

Purchases of an inventory item during the last accounting period were as follows: What was the weighted average price per item?

Simplify: (14 + 7)/3

Calculate the weighted-average cost of the following inventory purchases:

Review of Basic Algebra

Ratio, Proportion, and Percent

Linear Systems

Cost-Volume-Profit Analysis and Break-Even

Trade Discounts, Cash Discounts, Markup, and Markdown

Simple Interest

Simple Interest Applications

Compound Interest - Future Value and Present Value

Compound Interest - Further Topics

Ordinary Simple Annuities

Ordinary General Annuities

Annuities Due, Deferred Annuities, and Perpetuities

Amortization of Loans, Residential Mortgages, and Sinking Funds

Bond Valuation

Investment Decision Applications

Filters