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Business
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Practical Business Math Procedures
Exam 1: Whole Number: How to Dissect and Solve Word Problems
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Question 41
True/False
Adding is always done from bottom to top.
Question 42
True/False
The opposite of addition is subtraction.
Question 43
True/False
The first step in rounding is to identify the place value of the digit to be rounded.
Question 44
Essay
Al's Hardware buys 200 lawn mowers for $50 each to stock the store for spring. If Al sells the 200 lawn mowers at $80 each, what is his profit? (sales - cost)
Question 45
Short Answer
Fill in missing number:
Question 46
True/False
The problem should be stated in the decision-making process.
Question 47
True/False
Numbers added together are called sums.
Question 48
Multiple Choice
At a General Electric Plant they produced 12,000 jet engines in May. General Electric was able to sell 11,000 of these engines. Calculate the total ending inventory cost assuming each engine cost $290,000.
Question 49
True/False
Zeros at the end of the multiplier and/or multiplicand are never attached to the product.
Question 50
Multiple Choice
Lee Co. carpeted its offices, requiring 310 square yards of commercial carpet. The total cost of the carpet at Home Depot was $10,230. How much did Lee pay per square yard?
Question 51
Multiple Choice
Sally Ray borrowed $38,000 to buy a new Chevy Volt. Assuming an interest charge of $4,100, what will be her monthly payment if she takes 25 months to repay the loan interest. Assume the loan is repaid in equal payments.
Question 52
Short Answer
Fill in the missing number: