Test Bank for Mathematics for Business 10th Edition Salzman

Clendenen 0132898357 9780132898355

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0132898357-9780132898355/
Solution manual: https://testbankpack.com/p/solution-manual-for-mathematics-for-business-10th-edition-salzman-
clendenen-0132898357-9780132898355/
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question.

Use the table to find the monthly checking-account service charge for the account.

1) Dagmar's Sandwiches, 33 checks, average balance $969 1)

A) $14.10 B) $18.60 C) $11.60 D)
$8.30

2) Grand Optical, 67 checks, average balance $2977 2)

A) $11.70 B) $20.90 C) $5.00 D)
$18.40

3) DynaPro Golf, 24 checks, average balance $460 3)

A) $16.80 B) $12.30 C) $7.40 D)
$14.40

4) Ajax Lumber, 87 checks, average balance $7108 4)

A) $8.70 B) $0 C) $5.00 D)
$13.70

Find the balance forward for the check

stub. 5)
5)
Bal. Bro't.
Date To Amount For'd Deposits
Mar. 10 TWA Airlines $25.34 $2411.79 $552.69

Bal. Bro't. For'd.

Am't. Deposited
Total
Am't. this Check
Balance For'd.

A) $2989.82 B) $1884.44 C) $1833.76 D) $2939.14

6) D
at

1
e To Amount 6)
Bal. Bro't.
For'd
Deposits

Mar. 10 DynaPro Tech $1009.58 $1154.19 $58.59

Bal. Bro't. For'd.

Am't. Deposited
Total
Am't. this Check
Balance For'd.

A) $86.02 B) $2105.18 C) $203.20 D) $2222.36

2
 7) 7)
Bal. Bro't.
Date To Amount For'd Deposits
Dec. 7 DynaPro Tech $653.23 $1242.13

Bal. Bro't. For'd.

Am't. Deposited
Total
Am't. this Check
Balance For'd.

A) $1895.36 B) $1242.13 C) $653.23 D) $588.90

8) 8)
Bal. Bro't.
Date To For'd
Amount Deposits

Oct. 15 Don Bunch, CPA $67.79 $4567.72 $996.23

$302.79

Bal. Bro't. For'd.

Am't. Deposited
Total
Am't. this Check
Balance For'd.

A) $4802.72 B) $5798.95 C) $3942.07 D) $5496.16

Find the final balance in the check
register. 9)
9)

CHECK CHECK ISSUED TO AMOUNT AMOUNT OF BALAN

NO. OF CHECK DEPOSIT
BALANCE FORWARD → 1634.12
1799 TWA Airlines BROUGHT
498.06
1800 Dr. Morgan 258.64
Deposit 329.62

A) $2061.20 B) $1207.04 C) $547.80 D) $1465.68

10) 10)
CHECK CHECK ISSUED TO AMOUNT BALANC
NO. AMOUNT OF
OF DEPOSIT
CHECK

BALANCE BROUGHT FORWARD → 1655.77

1609 Grand Optical 246.38
1610 Dr. Morgan 397.17
Deposit 446.17
1611 Ajax Lumber 172.06

A) $1683.50 B) $2025.21 C) $1286.33 D) $1630.45

3
 11) 11)
CHECK CHECK ISSUED TO AMOUNT AMOUNT OF BALAN
NO. OF CHECK DEPOSIT
BALANCE FORWARD → 2928.03
1723 MCI Telephone BROUGHT
160.45
1724 Rita's Caterers 455.53
Deposit 141.45
1725 CES Utility 480.54
Deposit 467.88

A) $2440.84 B) $2896.37 C) $1972.96 D) $3415.22

12) 12)
CHECK CHECK ISSUED TO AMOUNT BALAN
NO. AMOUNT OF
OF DEPOSIT
CHECK

BALANCE BROUGHT FORWARD → 6955.33

1781 UPS Direct 856.48
1782 Midtown Electric 560.52
Deposit 564.57
1783 Georgia Power 570.77
Deposit 845.74

A) $6377.87 B) $7532.79 C) $6938.39 D) $5532.13

13) 13)
CHECK CHECK ISSUED TO AMOUNT BALAN
NO. AMOUNT OF
OF DEPOSIT
CHECK

BALANCE BROUGHT FORWARD → 6254.61

1560 UPS Direct 855.75
1561 Harper Group 969.29
Deposit 662.39
1562 AT&T Telephone 798.15
Deposit 768.84
1563 TRW Freight 605.35

A) $8051.92 B) $6031.94 C) $4457.30 D) $3688.46

From the following credit card transactions, find the gross deposit and the discount fee paid at the rate given.
14) Bob's Bicycle Shop pays a 4% discount fee on the gross 14)
deposit.

Sales Credits
$139.16 $186.33 $35.67
$75.24 $191.57 $28.88
$74.17 $166.73 $20.35
$111.49 $121.83

A) $971.62, $38.86 B) $1066.52, $42.66

C) $1151.42, $46.06 D) $981.62, $39.26
4
 15) Cross Town Florists pays a 2% discount fee on the gross 15)
deposit.

Sales Credits
$52.94 $165.97 $41.87
$177.54 $196.98 $23.55
$113.27 $163.44 $43.77
$69.17 $50.04

A) $989.35, $19.79 B) $880.16, $17.60

C) $870.16, $17.40 D) $1098.54, $21.97
16) Sara's Olde Curiosity Shop pays a 4% discount fee on the gross 16)
deposit.

Sales Credits
$199.56 $31.26 $17.85
$145.41 $196.63 $10.73
$26.41 $158.78 $20.35
$160.65 $177.79

A) $1145.42, $45.82 B) $1037.56, $41.50

C) $1096.49, $43.86 D) $1047.56, $41.90
17) Expressway Photo Developers pays a 4% discount fee on the gross 17)
deposit.

Sales Credits
$71.18 $66.92 $22.55
$13.14 $50.32 $18.45
$71.96 $64.98 $26.04
$15.38 $92.87

A) $446.75, $17.87 B) $513.79, $20.55 C) $379.71, $15.19 D) $369.71, $14.79

Reconcile the bank statement with the check register balance. Find the current
balance. 18)
18)
Balance from bank statement $2310.73
Checks outstanding $374.80
$151.14
$92.85
Deposits not yet recorded $419.79
Bank charge $9.24
Interest credit $3.25
Checkbook balance $2117.72
Current balance

A) $2105.74 B) $2111.73 C) $2117.72 D) $2304.74

5
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