Description
Contemporary Mathematics for Business and Consumers 6th Edition Robert Brechner George Bergeman- Test Bank
Sample Questions
Instant Download With Answers
Chapter_02-Test
- A mathematical way of expressing a part of a whole thing is called a(n) .
ANSWER: fraction
- The number on the bottom of the division line of a fraction is called the .
ANSWER: denominator
- A fraction in which the numerator is smaller than the denominator is called a(n) .
ANSWER: common fraction
proper fraction
- The number on the top of the division line of a fraction is called the .
ANSWER: numerator
- A(n) combines a whole number with a proper fraction.
ANSWER: mixed number
- The least common denominator is the , and therefore most efficient, common denominator in addition or subtraction of fractions.
ANSWER: smallest
- A whole number divisible only by itself and l is called a(n) .
ANSWER: prime number
- Proper fractions that have the same denominator in addition or subtraction are called fractions.
ANSWER: like
- Inverted numbers are known as of each other.
ANSWER: reciprocals
- In division of fractions, the is inverted.
ANSWER: divisor
- A useful shortcut which simplifies the multiplication of fractions is called .
ANSWER: cancellation
- Identify the type of fraction and write it in word form:
- proper fraction, ten-thirds
- improper fraction, ten-thirds
- improper fraction, ten-threes
- proper fraction, ten-threes
ANSWER: b
- Identify the type of fraction and write it in word form:
- proper fraction, twenty-four and nineteen-twentieths
- improper fraction, twenty-four and nineteen-twentieths
- mixed number, twenty-four and nineteen-twentieths
- mixed number, twenty-four and nineteen-twenties
ANSWER: c
- Identify the type of fraction and write it in word form:
- proper fraction; seven-thirtieths
- mixed number; seven-thirtieths
- improper fraction; seven-thirtieths
- proper fraction; seven thirty
ANSWER: a
- Identify the type of fraction and write it in word form:
- improper fraction; forty-three ten
- proper fraction; forty-three-tenths
- improper fraction; forty-three-tenths
- mixed number; forty-three-tenths
ANSWER: c
- Convert the following improper fraction to a whole number or a mixed number:
- 8
c.
d.
ANSWER: b
- Convert the following improper fraction to a whole number or a mixed number:
a.
- 77
- 100
- 10
ANSWER: d
- Convert the following improper fraction to a whole number or a mixed number:
a.
- 6.83
c.
- 7
ANSWER: a
- Convert the following mixed number to an improper fraction:
ANSWER: c
- Convert the following mixed number to an improper fraction:
ANSWER: b
- Convert the following mixed number to an improper fraction:
ANSWER: d
- Convert the fraction to higher terms. Enter the value of the missing denominator:
- 21
- 28
- 42
- 78
ANSWER: a
- Reduce the fraction to lowest terms:
ANSWER: b
- Reduce the following fraction to lowest terms:
ANSWER: d
- Convert the following improper fraction to a whole number or a mixed number:
- 13
ANSWER: a
- Convert the fraction to higher terms. Enter the value of the missing numerator:
- 6
- 15
- 30
- 11
ANSWER: c
- Convert the fraction to higher terms. Enter the value of the missing numerator:
- 9
- 3
- 18
- 27
ANSWER: c
- Convert the fraction to higher terms. Enter the value of the missing numerator:
- 14
- 21
- 42
- 84
ANSWER: b
- Find the least common denominator of the fractions:
- 32,256
- 1,008
- 18
- 288
ANSWER: b
- Find the least common denominator of the fractions:
- 154
- 18
- 144
- 27,648
ANSWER: c
- Find the least common denominator of the fractions:
- 49
- 18
- 8
- 504
ANSWER: d
- Find the least common denominator of the fractions:
- 504
- 280
- 39
- 560
ANSWER: b
- Add and show as reduced mixed number or proper fraction:
ANSWER: b
- Verna shipped three packages to Chicago. If the packages weighed pounds, what was the total weight?
- pounds
- pounds
- pounds
- pounds
ANSWER: a
- Lee shipped three packages to New York. If the packages weighed pounds, what was the total weight?
- pounds
- 73 pounds
- pounds
- pounds
ANSWER: c
- Subtract and reduce:
ANSWER: c
- Multiply and reduce the following:
ANSWER: a
- Multiply and reduce the following:
ANSWER: d
- A panel measures yards long by yards wide. What is the area of the panel? (Multiply length times width.)
ANSWER: a
- Multiply and reduce:
ANSWER: c
- Divide the following fractions and reduce to lowest terms:
ANSWER: b
- Divide the following fractions and reduce to lowest terms:
- 4
ANSWER: a
- Divide and reduce:
ANSWER: b
- Divide and reduce:
ANSWER: d
- Convert the following improper fraction to a whole number or a mixed number:
- 11
ANSWER: d
- Reduce the fraction:
ANSWER: c
- Reduce the following fraction to lowest terms:
ANSWER: d
- Convert the fraction to a higher term, as indicated: to thousands
ANSWER: b
- Add and reduce:
ANSWER: d
- Subtract and reduce the following:
- 1
ANSWER: b
- Identify the type of fraction and write it in word form:
- improper fraction; thirty-three ten
- proper fraction; thirty-three-tenths
- improper fraction; five and ten-thirty-thirds
- mixed number; five and thirty-three-tenths
ANSWER: d
- Convert the following mixed number to an improper fraction:
ANSWER: b
- Divide the following fractions and reduce to lowest terms:
- 1
ANSWER: a
- Identify the type of fraction and write it in word form:
ANSWER: mixed number; thirty-three and three-eighths
- Identify the type of fraction and write it in word form:
ANSWER: proper fraction; five-seventeenths
- Identify the type of fraction and write it in word form:
ANSWER: improper fraction; twelve-twelfths
- Convert the improper fraction to a whole or mixed number:
ANSWER:
- Convert the improper fraction to a whole or mixed number:
ANSWER:
- Convert the improper fraction to a whole or mixed number:
ANSWER:
- Convert the improper fraction to a whole or mixed number:
ANSWER:
- Convert the mixed number to an improper fraction:
ANSWER:
- Convert the mixed number to an improper fraction:
ANSWER:
- Convert the mixed number to an improper fraction:
ANSWER:
- Convert the mixed number to an improper fraction:
ANSWER:
- Reduce the fraction to lowest terms:
ANSWER:
- Reduce the fraction to lowest terms:
ANSWER:
- Reduce the fraction to lowest terms:
ANSWER:
- Convert the fraction to a higher term as indicated: to forty-ninths
ANSWER:
- Convert the fraction to a higher term as indicated: to thirty-sixths
ANSWER:
- Convert the fraction to a higher term as indicated: to hundreds
ANSWER:
- Convert the fraction to a higher term as indicated: to eighths
ANSWER:
- Convert the fraction to a higher term as indicated:
ANSWER:
- Convert the fraction to a higher term as indicated:
ANSWER:
- Convert the improper fraction to a whole or mixed number:
ANSWER:
- Convert the fraction to a higher term as indicated:
ANSWER:
- Find the least common denominator for the fractions:
ANSWER: 15
- Find the least common denominator for the fractions:
ANSWER: 252
- Find the least common denominator for the fractions:
ANSWER: 300
- Add the fractions and reduce to lowest terms:
ANSWER:
- Add the fractions and reduce to lowest terms:
ANSWER:
- Add the fractions and reduce to lowest terms:
ANSWER:
- Add the fractions and reduce to lowest terms:
ANSWER:
- Add the fractions and reduce to lowest terms:
ANSWER:
- Add the fractions and reduce to lowest terms:
ANSWER:
- Subtract the fractions and reduce to lowest terms:
ANSWER:
- Subtract the fractions and reduce to lowest terms:
ANSWER:
- Subtract the fractions and reduce to lowest terms:
ANSWER:
- Subtract the fractions and reduce to lowest terms:
ANSWER:
- Subtract the fractions and reduce to lowest terms:
ANSWER:
- Multiply the fractions and reduce to lowest terms:
ANSWER:
- Multiply the fractions and reduce to lowest terms:
ANSWER:
- Multiply the fractions and reduce to lowest terms:
ANSWER:
- Multiply the fractions and reduce to lowest terms:
ANSWER:
- Multiply the fractions and reduce to lowest terms:
ANSWER:
- Multiply the fractions and reduce to lowest terms:
ANSWER:
- Divide the fractions and reduce to lowest terms:
ANSWER:
- Divide the fractions and reduce to lowest terms:
ANSWER:
- Divide the fractions and reduce to lowest terms:
ANSWER:
- Divide the fractions and reduce to lowest terms:
ANSWER:
- Divide the fractions and reduce to lowest terms:
ANSWER:
- Divide the fractions and reduce to lowest terms:
ANSWER:
- After a party, Duncan noticed that of a pizza was left over. What fractional part of the pizza was eaten?
ANSWER:
- Convert the improper fraction to a whole or mixed number:
ANSWER: mixed number;
- Convert the fraction to a higher terms as indicated: to sixty-thirds
ANSWER:
- Convert the mixed number to an improper fraction:
ANSWER:
- What type of fraction is ? How would you write this fraction in word form?
ANSWER: improper fraction, forty-thirteenths
- Convert to a whole or mixed number and write it in words.
ANSWER: , six and one half
- Steph is following a recipe that calls for pounds of chicken. She would like to increase the serving size and willhave to change all the measurements. Before Steph can change the measurements, she must convert the mixed number to an improper fraction. What should be the improper fraction for the chicken measurement?
ANSWER:
- At the end of the semester, 25 of the 32 students who started an accounting course remained. What fraction represents the total number of students who dropped the course?
ANSWER:
- Rennata shipped three packages to West Virginia. If the packages weighed pounds, what wasthe total weight of Rennata’s shipment?
ANSWER:
- A plumber cut pieces of pipe with the following measurements:
Find the least common denominator.
ANSWER: 144
- Price is working at the local Jiffy Lube and during his shift, he used the following cases of oil on his jobs:
How many cases in total did Price use?
ANSWER:
- Adolia Hunter walked miles on Monday, miles on Wednesday, and miles on Friday. How many total miles did she walk?
ANSWER:
- A good planting soil is made up of pounds of dirt and pounds of cow manure. How much will the mixture weigh afterwards?
ANSWER:
- Ruby and her friends are on a road trip that will take a total of miles. If Ruby and her friends have already traveled miles, how many miles are left?
ANSWER:
- Peter Williams sold acres of his acre ranch. How many acres does Peter have left?
ANSWER:
- Moriah bought pounds of fertilizer but only used pounds in her garden. How much fertilizer does she have left?
ANSWER:
- Turner Morris weighs times as much as his sister. If his sister weighs 84 pounds, how much does Turner weigh?
ANSWER: 147 pounds
- A foundation requires truckloads of concrete. If the concrete truck holds cubic yards of concrete, how many total cubic yards of concrete are used for the foundation?
ANSWER: 8 cubic yards
- Four surveys taken to assess HD television viewers buying patterns has the following results: , , , . In order to find a grand total, these results must be multiplied. What is the grand total of the survey taken?
ANSWER:
- How many feet pieces of wire can be cut from a piece 68 feet long?
ANSWER:
- Jeremiag Thompson owns acres of undeveloped land. If the property is divided into acre pieces, how many homesites can be developed?
ANSWER: 95 homesites
- A novelty shop buys beads in bulk from the manufacturer and packages them into pound boxes. How many boxes can be filled from 828 pounds of beads?
ANSWER: 460 boxes
- Eastern Mining Co. mines tons of coal on Monday, tons on Tuesday, and tons on Wednesday. If their goal is to mine 40 tons this week, how many more tons must be mined?
ANSWER:
- Cicely Bosley borrowed $21,600 from the bank. She has repaid of the loan. What is the remaining balance owed to the bank?
ANSWER: $7,200
- A recent poll showed that 60 of the 540 people interviewed preferred decaffeinated coffee over regular. What fraction of the people preferred regular coffee?
ANSWER:
- Chris Spencer increased his earnings by from last year. If he made $36,480 last year, how much did he make this year?
ANSWER: $60,800
- Sunny can assemble circuit boards in one hour. Astrid can assemble in one hour. In an 8-hour shift, how many more circuit boards does Astrid assemble than Sunny?
ANSWER:
- Three heirs share an estate of $340,000. Jordan receives , Danielle receives , and Samuel receives the balance. How much does Samuel receive?
ANSWER: $76,500
- A recipe for a meat casserole calls for tablespoons of minced garlic. If this recipe serves 8 people, recalculate the amount of garlic needed to serve 6 people.
ANSWER:
- Cosmos Company uses square yards of material to make a slip cover for a chair. The material comes in 1,100 square yard rolls that cost $10,150 each.
- How many slip covers can be made from each roll?
- What is the cost of each slip cover?
ANSWER: a. 350 slip covers
- $29
- A building has a total area of 20,880 square feet. At the present time, the assembly area occupies of the space, the storage area occupies of the area, and the office occupies the balance of the space.
- How many square feet of space does the office occupy?
- If the company wants to increase the size of the assembly area by , how many square feet will the assembly area have?
ANSWER: a. 9,048 square feet
- 11,136 square feet
- A roll of material is 257 yards long. Janet Barnett cut yards from the roll.
- How much material did Janet cut from the roll?
- How much material was left on the roll?
ANSWER: a. 56 yards
- 201 yards
- Jasmine Jackson sold acres of her acre ranch. How many acres does Jasmine have left?
ANSWER:
- Rod Harris earns $180 per day. On Monday, he only worked of a day. How much did Rod earn?
ANSWER: $157.50
- If a stone cutter has of an ounce of a precious stone and it takes ounce of that stone to make one ring. How many rings can the stone cutter make from the precious stone that he has?
ANSWER: 6
- A recent poll showed that 54 of the 620 people interviewed preferred non-alcoholic beer over regular. What fraction of the people preferred regular beer?
ANSWER:
- During the week, Ivey earned and of her monthly bonus on two sales transactions. If those bonuses amounted to $840.00, how much was her monthly bonus?
ANSWER: $1,440.00
- A tailor needs yards of cloth in order to make a jacket. He needs yards in order to make the slacks to complete the suit. If he makes four suits, how much cloth will he need?
ANSWER:
- A board is feet in length. A carpenter intends to cut blocks from that board of feet in length. How many full sizes pieces can be cut from that board of wood?
ANSWER: 6
- At the end of the semester, 14 of the 29 students who started a Physics course remained. What fraction represents the total number of students who dropped the course?
ANSWER:
Chapter_04-Test
- The process of adjusting the bank and checkbook balances to reflect the actual current balance of the checking account is called the bank statement .
ANSWER: reconciliation
- An endorsement used when the payee wants to deposit a check into his or her account is called a(n)____________________
ANSWER: restrictive
- banking is a faster and convenient alternative to traditional banking.
ANSWER: Online
- A fee charged by the bank when a check is written without sufficient funds in the account to cover the amount of that check is called a(n) ____________________ fee.
ANSWER: nonsufficient fund
- Funds added to a checking account are called .
ANSWER: deposits
- The person or business named on the check to receive the money is called the .
ANSWER: payee
- The signature and instructions on the back of a check instructing the bank on what to do with that check is called a(n)
ANSWER: endorsement
- checks are checks that have been written, but have not yet reached the bank.
ANSWER: Outstanding
- Deposits made which do not clear in time to appear on the current bank statement are called
____________________.
ANSWER: deposits in transit
- A(n) endorsement is used when the payee wants to transfer a check to another party.
ANSWER: full
- Jorge is writing a check for $65.39. What should he write for the word form of this amount on the check?
- sixty-five, 29/100
- sixty-five + 29 cents
- sixty-five and 39/100
- sixty-five and .29
ANSWER: c
- You write a check to cover a bill of $966.79. How would you write the word form of this amount on a check?
- nine hundred and 79/100
- nine hundred sixty-six and 79/100
- nine hundred sixty-six, + 75 cents
- nine hundred sixty-six and 75 cents
ANSWER: b
- Rick makes several purchases totaling $44.28. How would he write the word form of this amount on a check?
- 28/100
- forty-four and .28/100
- forty-four and eighty-two hundredths
- forty-four and 28/100
ANSWER: d
- You write a check to cover a bill of $7,653.47. How would you write the word form of this amount on a check?
- seven thousand six hundred fifty-three and 47/100
- 47/100
- seven thousand six hundred fifty-three and 47
- seven thousand six hundred fifty-three and forty-seven hundredths
ANSWER: a
- Robb makes several purchases totaling $89.98. How would he write the word form of this amount on a check?
- eighty nine dollars and ninety-eight cents
- eighty-nine and ninety-eight cents
- eighty nine dollars and 98/100
- eighty-nine and 98/100
ANSWER: d
- Raul is writing a check for $305.28. What should he write for the word form of this amount on the check?
- three hundred-five, 28/100
- three hundred-five + 28 cents
- three hundred-five and 28/100
- three hundred-five and .28
ANSWER: c
- You write a check to cover a bill of $9,421.82. How would you write the word form of this amount on a check?
- nine thousand, four hundred twenty-one, 82/100
- 82/100
- nine thousand, four hundred twenty-one and 82/100
- nine thousand, four hundred twenty-one and eighty-two hundredths
ANSWER: c
- Samuel is writing a check for $99.99.What should he write for the word form of this amount on the check?
- ninety-nine, 99/100
- ninety-nine + 99 cents
- ninety-nine and 99/100
- ninety-nine and .99
ANSWER: c
- Ella makes several purchases totaling $7,489.22. How would she write the word form of this amount on a check?
- seven thousand four hundred eighty-nine and 22 hundredths
- seven thousand eighty-nine and 22/100
- seven thousand four-hundred eighty-nine, + 22 cents
- seven thousand four hundred eighty-nine and 22/100
ANSWER: d
- What type of endorsement is illustrated by the following example:
Pay to the order of
Mike Lopez
Isis Love
1681-77-75-4
- Restrictive endorsement
- Full endorsement
- Blank endorsement
- Signature endorsement
ANSWER: b
- What type of endorsement is illustrated by the following example:
For deposit only
Ray Spark
2425-92-16-6
- Restrictive endorsement
- Full endorsement
- Blank endorsement
- Signature endorsement
ANSWER: a
- What type of endorsement is illustrated by the following example:
Tom Ash
7609-25-26-3
- Restrictive endorsement
- Full endorsement
- Blank endorsement
- Signature endorsement
ANSWER: c
- What type of endorsement is illustrated by the following example:
Pay to the order of
Jim Medley
Tom Spooker
3345-26-37-3
- business endorsement
- blank endorsement
- full endorsement
- restrictive endorsement
ANSWER: c
- For what purpose would a payee use an endorsement as shown in the following example:
For deposit only
- Berry’s
6639-88-83-9
- when depositing a check into his or her account
- when paying a check
- when transferring the check to another party
- when cashing a check
ANSWER: a
- Ola wishes to make a deposit. She has these bills: 9 ones, 3 fives, 2 tens, and 4 twenties. She has 32 nickels, 4 dimes, and 10 quarters. Ola has checks for $32.75 and $41.50. Ola wants to receive $30 in cash. What should she enter on the CURRENCY line?
- $154.25
- $36.25
- $124.00
- $4.80
ANSWER: c
- Shannon wishes to make a deposit. She has these bills: 4 ones, 2 fives, 3 tens, and 2 twenties. She has 6 nickels, 10 dimes, and 12 quarters. Shannon has checks for $22.50 and $79.00. Shannon wants to receive $20.00 in cash. What should she enter on the NET DEPOSIT line?
- $164.00
- $123.45
- $187.45
- $169.80
ANSWER: d
- Lenny wishes to make a deposit. He has these bills: 12 ones, 3 fives, 2 tens, and 3 twenties. He has 5 nickels, 17 dimes, and 18 quarters. Lenny has checks for $29.25 and $34.75. Lenny wants to receive $20 in cash. What should he enter on the TOTAL line?
- $64.00
- $113.45
- $177.45
- $157.45
ANSWER: c
- You wish to make a deposit and have these bills: 11 ones, 4 fives, 4 tens, and 4 twenties. You also have 6 nickels, 12 dimes, and 15 quarters and checks for $72.50 and $65.25. You wish to receive $30 in cash. What will you enter on the NET DEPOSIT line?
- $294.00
- $264.00
- $137.75
- $156.25
ANSWER: b
- Miguel wishes to make a deposit. He has these bills: 5 ones, 4 fives, 2 tens, and 2 twenties. He has 4 nickels, 17 dimes, and 13 quarters. Miguel has checks for $35.75 and $64.75. Miguel wants to receive $40 in cash. What would he enter on the CURRENCY line?
- 90.15
- 85.00
- 190.65
- 150.65
ANSWER: b
- Juno wishes to make a deposit. She has these bills: 41 ones, 7 fives, 3 tens, and 2 twenties. She has 8 nickels, 7 dimes, and 22 quarters. Juno has checks for $51.25 and $14.75. Juno wants to receive $50 in cash. What should she enter on the TOTAL line?
- $50.00
- $218.60
- $168.60
- $208.60
ANSWER: b
- You wish to make a deposit and have these bills: 15 ones, 6 fives, 3 tens, and 5 twenties. You also have 3 nickels, 15 dimes, and 12 quarters and checks for $86.75 and $35.50. You wish to receive $50 in cash. What will you enter on the NET DEPOSIT line?
- 251.90
- 301.90
- 179.65
- 266.44
ANSWER: a
- Find the amount of the balance forward that would result following these transactions:
Starting balance: $2,463.73
February 9; check #944; to Stewart Software; amount of $183.70
Deposit: February 17; amount of $678.57
February 22; check #945; to Great Video; amount of $35.06
- $1,566.40
- $2,003.92
- $2,923.54
- $2,923.18
ANSWER: c
- Find the amount of the new “balance forward” given the information on this check stub:
#1884 | $248.98 | ||
June 4 | |||
To Paws and Claws Pet Supply | |||
BAL. FWD. | 1,168 | 30 | |
DEPOSIT | 358 | 88 | |
TOTAL | |||
THIS ITEM | 248 | 98 | |
BAL. FWD. |
- $1,278.20
- $1,058.40
- $1,527.18
- $1,776.16
ANSWER: a
- Find the amount of the balance forward that would result following these transactions:
Starting balance: $2,959.55
March 9; check #701; to Liu Printing; amount of $188.30
Deposit: March 19; amount of $850.51
March 20; check #702; to Dreamscape Gardens; amount of $315.89
- $3,305.87
- $3,621.76
- $2,771.25
- $2,959.55
ANSWER: a
- Find the amount of the balance forward that would result following these transactions:
Starting balance: $1,369.51
April 7; check #741; to Toys or Else; amount of $357.44
Deposit: April 17; amount of $216.68
April 26; check #742; to Seller’s Auto Body; amount of $58.11
- $1,012.17
- $1,228.75
- $1,170.64
- $1,604.00
ANSWER: c
- On December 10, you receive your bank statement showing a balance of $2,979.94. Your checkbook shows a balance of $2,778.88. Outstanding checks are $381.83 and $171.57. The account earned $126.83. Deposits in transit amount to $472.17, and there is a service charge of $7.00. Calculate the reconciled balance
- $2,697.65
- $3,099.77
- $201.06
- $2,898.71
ANSWER: d
- Adela received her bank statement on March 7, showing a balance of $2,668.02. The balance shown in her checkbook was $2,256.20. Deposits in transit amounted to $646.53 and there was a service charge of $7.00. Outstanding checks were $276.69, $380.00, $35.00, and $282.68, and the interest earned was $90.98. Find the reconciled balance.
- $1,963.01
- $2,340.18
- $2,717.35
- $3,279.90
ANSWER: b
- Moon Lee received her bank statement on September 8, showing a balance of $2,009.32. The balance shown in her checkbook was $2,469.31. Deposits in transit amounted to $1,197.87 and there was a service charge of $6.00. Outstanding checks were $310.18 and $324.50, and the interest earned was $109.20. Find the reconciled balance.
- $2,363.31
- $2,572.51
- $2,474.51
- $1,247.18
ANSWER: b
- Lorena received her bank statement on March 8, showing a balance of $3,296.14. The balance shown in her checkbook was $2,796.69. Deposits in transit amounted to $348.11 and there was a service charge of $6.00. Outstanding checks were $280.35, $283.66, and $161.93, and the interest earned was $127.62. Find the reconciled balance.
- $2,790.69
- $3,296.14
- $2,570.20
- $2,918.31
ANSWER: d
- Mia received her bank statement on March 6, showing a balance of $1,729.73. The balance shown in her checkbook was $1,427.58. Deposits in transit amounted to $538.52 and there was a service charge of $6.00. Outstanding checks were $155.44, $291.26, and $342.03, and the interest earned was $57.94. Find the reconciled balance.
- $1,421.58
- $1,941.00
- $1,479.52
- $1,729.73
ANSWER: c
- On September 4, you received your bank statement showing a balance of $1,253.18. Your checkbook shows a balance of $1,424.34. Outstanding checks are $115.50 and $258.10. The account earned $68.51. Deposits in transit amount to $605.27, and there is a service charge of $8.00. Calculate the reconciled balance.
- $1,484.85
- $1,416.34
- $879.58
- $1,253.18
ANSWER: a
- On May 27, you received your bank statement showing a balance of $1,011.18. Your checkbook shows a balance of$1,024.34. Outstanding checks are $225.50 and $388.10. The account earned $88.51. Deposits in transit amount to$705.27, and there is a service charge of $10.00. Calculate the reconciled balance.
- $1,384.85
- $1,102.85
- $859.58
- $1,453.18
ANSWER: b
- On December 15, you received your bank statement showing a balance of $2,263.28. Your checkbook shows a balance of $2,434.44. Outstanding checks are $215.50 and $358.10. The account earned $78.51. Deposits in transit amount to $805.27, and there is a service charge of $18.00. Calculate the reconciled balance.
- $2,484.85
- $2,494.95
- $874.85
- $1,222.29
ANSWER: b
- Alice makes several purchases totaling $68.37. How would she write the word form of this amount on a check?
ANSWER: sixty-eight and 37/100
- You have just received a check. Your account number is # 5391-2165. Write the endorsement and identify what type it is, allowing you to cash the check.
ANSWER: Blank endorsement Signature
5391-2165
- You have just received a check. Your account number is # 4891-7665. Write the endorsement and identify what type it is, allowing you to cash the check.
ANSWER: Blank endorsement Signature
4891-7665
- You have just received a check. Your account number is # 5391-2165. Write the endorsement and identify what type it is, allowing you to deposit the check in your checking account.
ANSWER: Restrictive endorsement
for deposit only
Signature
5391-2165
- You have just received a check. Your account number is # 5391-2165. Write the endorsement and identify what type it is, allowing the check to be transferred to your partner John Jones.
ANSWER: Full endorsement
pay to the order of John Jones
Signature
5391-2165
- What type of endorsement is illustrated by the following:
Pay to the order of
Tom Kairys
Mario Speckman
2968-73-23-2
ANSWER: Full endorsement
- Based on the following information what is the amount of the NET DEPOSIT line?
Date: May 10, 20xx
$658.00 in currency
$4.22 in coins
Two checks, one for $518.17 and another for $278.95
ANSWER: $1,459.34
- You wish to make a deposit and have these bills: 22 ones, 8 fives, 11 tens, and 3 twenties. You also have 8 nickels, 12 dimes, and 18 quarters. What will you enter on the CURRENCY LINE of the deposit slip?
ANSWER: $232.00
- Based on the following information what is the amount of the NET DEPOSIT line?
Date: June 20, 20xx
$558.00 in currency
$7.22 in coins
Two checks, one payroll check for $218.17 and a personal check for $478.95
ANSWER: $1,262.34
- You wish to make a deposit and have these bills: 9 ones, 5 fives, 2 tens, and 5 twenties. You also have 2 nickels, 18 dimes, and 15 quarters. What will you enter on the CURRENCY LINE of the deposit slip?
ANSWER: $154.00
- From the information below, what would be the balance forward that would result from these transactions?
Starting balance: $1,115.75
June 15, 20xx, check #439 issued to Griscom Hardware for supplies in the amount of $98.72 June 16, 20xx, deposit of $529.86
June 19, 20xx, check #440 issued to Bell Telephone Co. for telephone bill, in the amount of $126.59
ANSWER: $1,420.30
- On December 3, you received your bank statement showing a balance of $5,055.06. Your checkbook shows a balance of $5,221.98.Outstanding checks are $934.22, $1,579.99, and $1,112.45. The account earned interest of$146.05. Deposits in transit amount to $3,931.63, and there is a service charge of $8.00. Calculate the reconciled balance.
CHECKBOOK BALANCE | ___________ | STATEMENT BALANCE | ___________ | |
Add: | Add: | |||
Interest Earned & Other | Deposits in Transit | ___________ | ||
Credits | ___________ | |||
SUBTOTAL | ___________ | SUBTOTAL | ___________ | |
Deduct: | Deduct | |||
Services Charges & | Outstanding Checks | ___________ | ||
Other Debits | ___________ | |||
ADJUSTED CHECKBOOK | ADJUSTED STATEMENT | |||
BALANCE | ___________ | BALANCE | ___________ | |
ANSWER:
CHECKBOOK BALANCE | $5,221.98 | STATEMENT BALANCE | $5,055.06 | |
Add: | Add: | |||
Interest Earned & Other | Deposits in Transit | 3,931.63 | ||
Credits | 146.05 | |||
SUBTOTAL | 5,368.03 | SUBTOTAL | 8,986.69 | |
Deduct: | Deduct | |||
Services Charges & | Outstanding Checks | 3,626.66 | ||
Other Debits | 8.00 | |||
ADJUSTED CHECKBOOK | ADJUSTED STATEMENT | |||
BALANCE | $5,360.03 | BALANCE | $5,360.03 | |
- Tony received his bank statement on March 7, showing a balance of $1,669.93. The balance shown in his checkbook was $1,451.06. Deposits in transit amounted to $514.37 and there was a service charge of $10.00. Outstanding checks were $249.10, $78.13, and $352.63, and the interest earned was $63.38. Find the reconciled balance.
CHECKBOOK BALANCE | ___________ | STATEMENT BALANCE | ___________ | |
Add: | Add: | |||
Interest Earned & Other | Deposits in Transit | ___________ | ||
Credits | ___________ | |||
SUBTOTAL | ___________ | SUBTOTAL | ___________ | |
Deduct: | Deduct | |||
Services Charges & | Outstanding Checks | ___________ | ||
Other Debits | ___________ | |||
ADJUSTED CHECKBOOK | ADJUSTED STATEMENT | |||
BALANCE | ___________ | BALANCE | ___________ | |
ANSWER:
CHECKBOOK BALANCE | $1,451.06 | STATEMENT BALANCE | $1,669.93 | |
Add: | Add: | |||
Interest Earned & Other | Deposits in Transit | 514.37 | ||
Credits | 63.38 | |||
SUBTOTAL | 1,514.44 | SUBTOTAL | 2,184.30 | |
Deduct: | Deduct | |||
Services Charges & | Outstanding Checks | 679.86 | ||
Other Debits | 10.00 | |||
ADJUSTED CHECKBOOK | ADJUSTED STATEMENT | |||
BALANCE | $1,504.44 | BALANCE | $1,504.44 | |
- Martina received her bank statement on October 8, showing a balance of $1,845.13. The balance shown in her checkbook was $2,120.15. Deposits in transit amounted to $845.32 and there was a service charge of $7.00. Outstanding checks were $31.17, $126.97, and $322.77, and the interest earned was $96.39. Find the reconciled balance.
CHECKBOOK BALANCE | ___________ | STATEMENT BALANCE | ___________ | |
Add: | Add: | |||
Interest Earned & Other | Deposits in Transit | ___________ | ||
Credits | ___________ | |||
SUBTOTAL | ___________ | SUBTOTAL | ___________ | |
Deduct: | Deduct | |||
Services Charges & | Outstanding Checks | ___________ | ||
Other Debits | ___________ | |||
ADJUSTED CHECKBOOK | ADJUSTED STATEMENT | |||
BALANCE | ___________ | BALANCE | ___________ | |
ANSWER:
CHECKBOOK BALANCE | $2,120.15 | STATEMENT BALANCE | $1,845.13 | |
Add: | Add: | |||
Interest Earned & Other | Deposits in Transit | 845.32 | ||
Credits | 96.39 | |||
SUBTOTAL | 2,216.54 | SUBTOTAL | 2,690.45 | |
Deduct: | Deduct | |||
Services Charges & | Outstanding Checks | 480.91 | ||
Other Debits | 7.00 | |||
ADJUSTED CHECKBOOK | ADJUSTED STATEMENT | |||
BALANCE | $2,209.54 | BALANCE | $2,209.54 | |
- On March 8, you receive your bank statement showing a balance of $2,154.01. Your checkbook shows a balance of$1,998.03. Outstanding checks are $153.95 and $258.12. The account earned interest of $80.48. Deposits in transit amount to $327.57, and there is a service charge of $9.00. Calculate the reconciled balance.
CHECKBOOK BALANCE | ___________ | STATEMENT BALANCE | ___________ | |
Add: | Add: | |||
Interest Earned & Other | Deposits in Transit | ___________ | ||
Credits | ___________ | |||
SUBTOTAL | ___________ | SUBTOTAL | ___________ | |
Deduct: | Deduct | |||
Services Charges & | Outstanding Checks | ___________ | ||
Other Debits | ___________ | |||
ADJUSTED CHECKBOOK | ADJUSTED STATEMENT | |||
BALANCE | ___________ | BALANCE | ___________ | |
ANSWER:
CHECKBOOK BALANCE | $1,998.03 | STATEMENT BALANCE | $2,154.01 | |
Add: | Add: | |||
Interest Earned & Other | Deposits in Transit | 327.57 | ||
Credits | 80.48 | |||
SUBTOTAL | 2,078.51 | SUBTOTAL | 2,481.58 | |
Deduct: | Deduct | |||
Services Charges & | Outstanding Checks | 412.07 | ||
Other Debits | 9.00 | |||
ADJUSTED CHECKBOOK | ADJUSTED STATEMENT | |||
BALANCE | $2,069.51 | BALANCE | $2,069.51 | |
- Mary received her bank statement on November 9, showing a balance of $1,426.85. The balance shown in her checkbook was $1,795.51. Deposits in transit amount to $876.99, and there was a service charge of $8.00. Outstanding checks were $129.60, $141.67, and $154.13, and the interest earned was $90.93. Find the reconciled balance.
CHECKBOOK BALANCE | ___________ | STATEMENT BALANCE | ___________ | |
Add: | Add: | |||
Interest Earned & Other | Deposits in Transit | ___________ | ||
Credits | ___________ | |||
SUBTOTAL | ___________ | SUBTOTAL | ___________ | |
Deduct: | Deduct | |||
Services Charges & | Outstanding Checks | ___________ | ||
Other Debits | ___________ | |||
ADJUSTED CHECKBOOK | ADJUSTED STATEMENT | |||
BALANCE | ___________ | BALANCE | ___________ | |
ANSWER:
CHECKBOOK BALANCE | $1,795.51 | STATEMENT BALANCE | $1,426.85 | |
Add: | Add: | |||
Interest Earned & Other | Deposits in Transit | 876.99 | ||
Credits | 90.93 | |||
SUBTOTAL | 1,886.44 | SUBTOTAL | 2,303.84 | |
Deduct: | Deduct | |||
Services Charges & | Outstanding Checks | 425.40 | ||
Other Debits | 8.00 | |||
ADJUSTED CHECKBOOK | ADJUSTED STATEMENT | |||
BALANCE | $1,878.44 | BALANCE | $1,878.44 | |
- On September 3, you received your bank statement showing a balance of $3,047.62. Your checkbook shows a balance of $2,822.20. Outstanding checks are $382.29 and $97.83. The account earned interest of $113.08. Deposits in transit amount to $357.78, and there is a service charge of $10.00. Calculate the reconciled balance.
CHECKBOOK BALANCE | ___________ | STATEMENT BALANCE | ___________ | |
Add: | Add: | |||
Interest Earned & Other | Deposits in Transit | ___________ | ||
Credits | ___________ | |||
SUBTOTAL | ___________ | SUBTOTAL | ___________ | |
Deduct: | Deduct | |||
Services Charges & | Outstanding Checks | ___________ | ||
Other Debits | ___________ | |||
ADJUSTED CHECKBOOK | ADJUSTED STATEMENT | |||
BALANCE | ___________ | BALANCE | ___________ | |
ANSWER:
CHECKBOOK BALANCE | $2,822.20 | STATEMENT BALANCE | $3,047.62 | |
Add: | Add: | |||
Interest Earned & Other | Deposits in Transit | 357.78 | ||
Credits | 113.08 | |||
SUBTOTAL | 2,935.28 | SUBTOTAL | 3,405.40 | |
Deduct: | Deduct | |||
Services Charges & | Outstanding Checks | 480.12 | ||
Other Debits | 10.00 | |||
ADJUSTED CHECKBOOK | ADJUSTED STATEMENT | |||
BALANCE | $2,925.28 | BALANCE | $2,925.28 | |
- Lillian has made several transactions in the past few days and wants to know her current balance. Find the amount of the balance forward that would result following these transactions:
Starting balance: $2,128.40
June 2; check #542; to JAB Consulting; amount of $263.96
Deposit; June 19; amount of $844.96
June 24; check #543; to Vu Video; amount of $83.44
ANSWER: $2,625.96
- Mirian has made several transactions in the past few days and wants to know her current balance. Find the amount of the balance forward that would result following these transactions:
Starting balance: $2,258.20
June 4; check #442; to Quick Foods; amount of $63.96
Deposit; June 14; amount of $159.22
June 20; check #443; to Roy’s Pizza; amount of $33.44
June 22; check #444; to Pet King; amount $40.54
ANSWER: $2,279.48
- On May 2, you receive your bank statement showing a balance of $1,641.18. Your checkbook shows a balance of$1,427.15. Outstanding checks are $167.31, $245.66, and $302.56. The account earned $62.11. Deposit in transit amount to $555.61, and there is a service charge of $8.00. Calculate the reconciled balance.
CHECKBOOK BALANCE | ___________ | STATEMENT BALANCE | ___________ | |
Add: | Add: | |||
Interest Earned & Other | Deposits in Transit | ___________ | ||
Credits | ___________ | |||
SUBTOTAL | ___________ | SUBTOTAL | ___________ | |
Deduct: | Deduct | |||
Services Charges & | Outstanding Checks | ___________ | ||
Other Debits | ___________ | |||
ADJUSTED CHECKBOOK | ADJUSTED STATEMENT | |||
BALANCE | ___________ | BALANCE | ___________ | |
ANSWER:
CHECKBOOK BALANCE | $1,427.15 | STATEMENT BALANCE | $1,641.18 | |
Add: | Add: | |||
Interest Earned & Other | Deposits in Transit | 555.61 | ||
Credits | 62.11 | |||
SUBTOTAL | 1,489.26 | SUBTOTAL | 2,196.79 | |
Deduct: | Deduct | |||
Services Charges & | Outstanding Checks | 715.53 | ||
Other Debits | 8.00 | |||
ADJUSTED CHECKBOOK | ADJUSTED STATEMENT | |||
BALANCE | $1,481.26 | BALANCE | $1,481.26 | |
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