Question 1

Extend each of the following and determine the total.

Accepted Answer

The answer of Extend each of the following and determine...

Question 2

A store located in Penticton,B.C.,sells a computer for $2975.00 plus HST.If the same model is sold at the same price in a store in Thunder Bay,Ontario,what is the difference in the prices paid by consumers in the two stores?

Accepted Answer

The answer of A store located in Penticton,B.C.,sells a computer...

Question 3

Tom is employed at an annual salary of $50 292.48.His regular workweek is 37.5 hours and he is paid semi-monthly.
a)What is Tom's gross pay per period?
b)What is his hourly rate of pay?
c)What is his gross pay for a period in which he worked 12 1/2 hours overtime at time and one-half regular pay?

Accepted Answer

The answer of Tom is employed at an annual salary...

Question 4

Phil works for a hydro company in a 35 hour work week schedule.His contract pays him $1345/week for working Monday to Friday,7 hours a day.If he spends more time than his usual time,he is entitled to "time and a half" on time worked in excess of 7 hours per day.If he works on Sundays or statutory holidays,he is entitled to twice the time.Calculate his gross earnings for the month of November 2013,if he worked straight time only.

Accepted Answer

A) $5380 
B) $4035 
C) $5649 
D) $8473.50 
E) $11 298

Question 5

Simplify: 8 + 6 ∗ 2

Accepted Answer

The answer of Simplify: 8 + 6 ∗ 2...

Question 6

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

Question 7

A salesperson receives a weekly base salary of $800.00 on a quota of $2900.On the next $2100,she receives a commission of 14%.On any additional sales,the commission rate is 19%.Find her gross earnings for a week in which her sales total $8455.

Accepted Answer

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

Question 8

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

The answer of On a trip,a motorist purchased gasoline as...

Question 9

S.Wall receives a yearly salary of $33 868.00.She is paid bi-weekly and her regular workweek is 37.5 hours.
a)What is the gross pay per pay period?
b)What is the hourly rate of pay?
c)What is the gross pay for a pay period in which she works 9 1/2 hours overtime at time and one-half regular pay?

Accepted Answer

The answer of S.Wall receives a yearly salary of $33...

Question 10

The following information is shown in your investment account for last year.The balance on January 1 was $6200.00.A withdrawal of $880.00 was made on March 1.A deposit of $1600.00 was made on May 1 and another deposit of $320.00 was made on September 1.What was the average monthly balance for the year in your account?

Accepted Answer

The answer of The following information is shown in your...

Question 11

Simplify: (14 + 7)/3

Accepted Answer

The answer of Simplify: (14 + 7)/3...

Question 12

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

Accepted Answer

The answer of Purchases of an inventory item during the...

Question 13

Mark's gross wages for a week were $711.20.His regular workweek is 40 hours and overtime is paid at time and one-half regular pay.What is Mark's regular hourly wage if he worked 45 1/2 hours?

Accepted Answer

The answer of Mark's gross wages for a week were...

Question 14

Evaluate: 400(1 + .10 ∗ 100/365)

Accepted Answer

The answer of Evaluate: 400(1 + .10 ∗ 100/365)...

Question 15

Two people living in different communities build houses of the same design on lots of equal size.If the person in Airdrie has his house and lot assessed at $165 000 with a mill rate of 22.051 mills,will his taxes be more or less than the person in Kimberly with an assessment of $145 000 and a mill rate of 25.124 mills?

Accepted Answer

The answer of Two people living in different communities build...

Question 16

September is paid on a weekly commission basis.She is paid a base salary of $370.00 on a weekly quota of $9500.00 and a commission of 5.75% on any sales in excess of the quota.
a)If September's sales for last week were $11 340.00,what were her gross earnings?
b)What are September's average hourly earnings if she worked 35 hours?

Accepted Answer

The answer of September is paid on a weekly commission...

Question 17

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

Question 18

Alicia Helm of Wawanesa,Manitoba,bought a ring for $5700.Since the jeweller is shipping the ring,Alicia must pay a shipping charge of $30.00.She must also pay PST and GST on the ring.Find the total purchase price of Alicia's ring.

Accepted Answer

The answer of Alicia Helm of Wawanesa,Manitoba,bought a ring for...

Question 19

Evaluate:

Accepted Answer

The answer of Evaluate: ...

Question 20

Jessica Hughes invested $40 000 on January 1 in a partnership.She withdrew $15 000 on June 1,withdrew a further $2000 on August 1,and reinvested $8 000 on November 1.What was her average monthly investment balance for the year?

Accepted Answer

The answer of Jessica Hughes invested $40 000 on January...

Exam 1: Review of Arithmetic