During the great recession that began in january 2008


1. During the great recession that began in January 2008, average weekly claims for unemployment were 420,000. The normal weekly average during full employment is 122,000. How many more people were filing for unemployment in January 2008?

A. 542,000

B. 400,000

C. 298,000

D. 288,000

2. Round all the way 2,689.

A. 2,680

B. 3,680

C. 2,790

D. 3,000

3. 750 is what percent of 900? (Round to nearest tenth of a percent.)

A. 83.3%

B. 16.66%

C. 16.6%

D. 83.33%

4. Abby is touring China for four days. The car rental is $38.15 per day plus 121 /2 cents per mile. If Abby drives 380.5 miles, how much does she owe the rental company?

A. $475.56

B. $152.60

C. $200.16

D. $201.16

5. Mel Company has a net income, before taxes, of $95,000. The treasurer of the company estimates 45% of net income will have to be paid for federal and state taxes. The tax for both federal and state is

A. $42,560.

B. $47,250.

C. $21,111.

D. $42,750.

6. On Tuesday, Pizza Hut sold 60 plain pizzas at $5 each; 20 meatball pizzas at $8 each; 25 Sicilian pizzas at $9 each; and 33 large crust supremes at $10 each. What were the total dollar sales for Pizza Hut on Tuesday?

A. $1,511

B. $790

C. $1,115

D. $1,015

7. In the percent increase or decrease problems, the portion is

A. 1 /2 the original price.

B. the new price.

C. the amount of increase or decrease.

D. the original price.

8. Which of the following is not a prime number?

A. 11

B. 5

C. 24

D. 19

9. Lane is 10 times Mel's age. If the difference in their age is 27, how old is Mel?

A. 26

B. 30

C. 3

D. 4

10. The price of a Panasonic 3D flat screen television decreased by 1 /5 . If the original price was $1,500, what is the price today?

A. $1,000

B. $1,200

C. $1,800

D. $1,500

11. At Best Buy a flat screen television with a regular price of $1,790 was reduced by $395. Assuming 800 customers purchased the television, what were the total sales to Best Buy?

A. $116,000

B. $1,161,000

C. $1,160

D. $1,116,000

12. Matt Kaminsky bought a Volvo that is 33 /4 times as expensive as the car his parents bought. If his parents paid $8,000 for theirs, what is the cost of Matt's car?

A. $28,000

B. $29,000

C. $30,000

D. $26,000

13. Jill traveled to Canada and bought a new lamp for $460 Canadian dollars. In U.S. dollars (to the nearest cent) this is equivalent to

A. $450.52

B. $480.66

C. $517.77

D. $577.25

14. The price of an iPod dropped from $299.99 to $180.55. What was the percent decrease in price? (Round to nearest hundredth percent.)

A. 39%

B. 39.81%

C. 39.82%

D. 39.80%

15. An LCD flat screen TV at Best Buy increased in price from $900 to $1,200. What was the percent of increase?

A. 371 /3%

B. 331 /3%

C. 391 /3%

D. 351 /3%

16. Ace Landscape buys 100 shovels for $15 each. Ace sells all 100 shovels at $29.99. What is his profit?

A. $1,499

B. $2,999

C. $1,500

D. $1,400

17. 47,000 × 400 equals

A. 18,000,800.

B. 800,000.

C. 18,800,000.

D. 18,000,000.

18. The bank statement of July 31 for Savon Co. showed a balance of $6,008.10, and the checkbook showed a balance of $1,900.40. The bookkeeper of Savon Co. noticed from the bank statement that the bank had collected a note for $666.66. There was a deposit in transit made on July 1 for $1,100.10 along with the outstanding checks of $4,580.54. Check charges were $39.40. What is the reconciled balance?

A. $5,227.66

B. $5,272.66

C. $2,572.66

D. $2,527.66

19. The cost of a regular price ticket to a Saint Louis Cardinal baseball game was $60. During the World Series, the price increased by 2 /5 . What did the fans pay?

A. $80

B. $65

C. $69

D. $84

20. If P + 77 = 101, then P equals

A. 22.

B. 178.

C. 42.

D. 24.

21. In a recent, local taste contest testing Coke against Pepsi, it was found that 3 /5 of all people surveyed preferred the taste of Coke. If 7,500 people were in the survey, how many chose Pepsi?

A. 4,500

B. 3,000

C. 3,500

D. 5,400

22. 97 × 100,000 equals

A. 9,700.

B. 970,000.

C. 97,000.

D. 9,700,000.

23. Facebook's initial IPO was $38 per share. Arianna purchased 616 shares. Assuming a cost of $7.00 to purchase the 616 shares, what was Arianna's total cost?

A. $23,408

B. $23,415

C. $20,000

D. $22,514

24. Subtracting 766 from 941 results in a difference of End of exam

A. 175.

B. 241.

C. 571.

D. 185.

25. Joe Jackson worked 8 hours on Monday, 41 /4 hours on Tuesday, 61 /8 hours on Wednesday, 71 /4 hours on Thursday, and 81 /8 hours on Friday. Calculate the total number of hours Joe worked for the week.

A. 331 /8

B. 323 /4

C. 333 /4

D. 35

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Accounting Basics: During the great recession that began in january 2008
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