Q1. 38,099 rounded to the nearest ten is: a. 39,000 b. 38,099 c. 38,090 d. 38,100 Q2. Find the total of the following list of numbers: 1,525; 2,681; 380; 215; 15,018 a. 19,819 b. 19,891 c. 19,882 d. 19,855 Q3. Estimate the difference between 941,601 and 566,189 by rounding each term to the nearest thousand before subtracting. a. 374,800 b. 374,600 c. 374,780 d. 376,000 e. none of the above Q4. If the answer in division does not come out evenly, the difference is called the: a. divisor b. remainder c. dividend d. quotient Q5. In the number 5,392 there are how many tens? a. 9 b. 5 c. 3 d. 2 Q6. The number 8,346 written in verbal form is: a. eight thousand, four hundred thirty six b. eight thousand, three hundred forty six c. eight thousand, three hundred six d. eight thousand and three hundred forty six Q7. If there were 138 people at a party and 414 finger sandwiches were eaten, on average, how many sandwiches did each person consume? a. 4 b. 3 c. 30 d. 7 e. none of the above Q8. 6,765 in verbal form would be: a. sixty-seven sixty-five b. six hundred seven thousand sixty-five c. six thousand, seven hundred sixty-five d. sixty-seven hundred sixty-five Q9. In the number 5,392 there are how many tens? a. 9 b. 5 c. 3 d. 2 e. all of the above Q10. The original amount, in a subtraction problem, is called the: a. minuend b. difference c. borrowing Q11. A fraction indicates what mathematical function? a. multiplication b. subtraction c. division d. addition e. all of the above Q12. There are 10-3/4 inches of wire available Mary requires 6-1/8 times that amount. How many inches of wire does she need? a. 126-27/32 b. 44-3/32 c. 4-2/49 d. 65-27/32 e. none of the above Q13. Find the difference between 9-1/3 and 3-5/12 a. 5-11/12 b. 5-1/2 c. 5-1/3 d. 5-3/4 e. 5-7/32 Q14. To reduce a fraction to its lowest terms: a. subtract the same number from the numerator and the denominator b. multiply the numerator and denominator by the same number c. divide the numerator and denominator by the same number d. add the same number to the numerator and the denominator Q15. Janice mixes her own bird seed. She recently purchased 7/8 pounds of sunflower seed, 7-1/2 pounds of cracked corn, and 6-5/8 pounds of millet. After mixing the seed, how many pounds of bird seed did she have? a. 15 b. 14-7/8 c. 147/8 d. 13-13/8 e. 14-15/16 Q16. The dividend or number being divided in a fraction is called the: a. denominator b. divisor c. GCD d. numerator Q17. A fraction indicates what mathematical function? a. multiplication b. subtraction c. division d. addition Q18. Change 9/32 into a fraction with a denominator of 4512. a. 108/4512 b. 122/4512 c. 1101/4512 d. 1269/4512 e. 1268/4512 Q19. The quickest way to reduce a fraction to its lowest terms is to divide the numerator and denominator by: a. GCD b. LCD c. NCD d. HCD Q20. The Least Common Denominator of 2/6 and 74/24 is: a. 12 b. 6 c. 4 d. 3 Q21. When the Burtons put in a new lawn, it took 60 square yards of sod. The total cost of the sod was $540.00. What was the cost per square yard? a. $68.00 b. $9.00 c. $6.00 d. $90.00 e. none of the above Q22. Round 0.99762 to the nearest hundredth. a. 1.00 b. 0.99 c. 0.998 d. 1.007 e. none of the above Q23. Rene has 354 ceramic bowls available for sale at $13.50 each. If Rene sells all of the bowls, how much money will she have? a. $4,797.00 b. $4,779.00 c. $47,779.00 d. $477.90 e. none of the above Q24. 58.0616 rounded to the nearest tenth is: a. 58.1 b. 58.00 c. 58.06 d. 58.062 Q25. Round 0.99762 to the nearest hundredth. a. 1.00 b. 0.99 c. 0.998 d. 1.007 Q26. Jesse borrowed $16,000.00 to purchase a new car. He borrowed the money for 30 months. If the interest charge was $2,917.10, what were his monthly payments? a. $630.57 b. $533.33 c. $663.00 d. $630.00 e. none of the above Q27. Jesse borrowed $16,000.00 to purchase a new car. He borrowed the money for 30 months. If the interest charge was $2,917.10, what were his monthly payments? a. $630.57 b. $533.33 c. $663.00 d. $630.00 Q28. The position of a digit in a decimal determines its: a. value b. place c. size d. location Q29. The monetary system of the United States is based on: a. Roman numerals b. whole numbers c. decimals d. fractions Q30. The addition and subtraction of decimals is very similar to: a. adding whole numbers only b. adding and subtracting whole numbers c. adding fractions only d. adding and subtracting fractions Q31. In the process of reconciliation which of the following should be deducted from the register balance? a. automatic paycheck deposit b. credit from the bank c. interest paid by the bank d. bank service charges e. none of the above Q32. A debit memorandum discovered during the reconciliation process should be: a. added to the bank statement balance of cash b. deducted from the bank statement balance of cash c. deducted from the book balance of cash d. added to the book balance of cash Q33. The checkbook balance of Sunfresh, Inc. is $6,917.63. The bank statement shows a balance of $8,737.35. The bank statement showed interest earned in the amount of $59.60, a service charge of $37.25, and an outstanding deposit of $2,848.89. Outstanding checks totaled $837.38. The bookkeeper noticed the collection of a note by the bank for $4,270.40. Sunfresh, Inc. forgot to deduct a check for $461.52. Their reconciled balance is: a. $10,784.86 b. $6,478.46 c. $10,748.68 d. $10,748.86 e. none of the above Q34. Which of the following, in a bank statement reconciliation, would be deducted from the bank statement balance? a. outstanding checks b. bank service charges c. outstanding deposits d. NSF charges e. all of the above Q35. On the bottom of the check, the checking account number is printed in: a. capitals b. magnetic tape c. script d. magnetic ink Q36. A credit memorandum, when received from the bank, should be: a. ignored b. added to the checkbook balance c. subtracted from the checkbook balance d. added to the bank balance Q37. The Price Co.’s books showed a cash balance of $3420.00 at the end of September. A comparison of the September 30 bank statement to the company’s check register revealed the following: checks in the amount of $516.88 were still outstanding, a deposit for $453.13 had not been credited, monthly service charges were $16.00, and a check in the amount of $104.65 had been returned NSF. What was the reconciled cash balance of Price Co.? a. $3,873.13 b. $3,299.53 c. $2,903.12 d. $3,299.35 Q38. In a bank statement reconciliation, which of the following should be added to the bank statement balance? a. bank service charge b. collection of a note by the bank c. outstanding deposits d. outstanding checks Q39. William received his bank statement from Trader’s Bank indicating an ending balance of $6,206.55. William’s checkbook showed a balance of $5,549.30. William noticed that $759.00 in checks were outstanding. The bank statement reflected an NSF charge in the amount of $86.75 and a monthly service charge of $15.00. The checkbook register balance that should have been shown was: a. $5,477.55 b. $5,447.55 c. $5,549.30 d. $6,206.55 e. none of the above Q40. Outstanding checks: a. have been presented to the bank and paid b. are the bank’s checks c. are the checks that are returned to the payor d. have not yet been received and processed by the bank