PLEASE MATH HELP!! 1. T.J. bought fire insurance for his pizza shop for $200,000 at an annual rate per $100 of $.49. At the end of 10 months, T.J. canceled the policy since his pizza shop went out of

PLEASE MATH HELP!!

1. T.J. bought fire insurance for his pizza shop for $200,000 at an annual rate per $100 of $.49. At the end of 10 months, T.J. canceled the policy since his pizza shop went out of business. Using the tables found in the textbook, determine the refund to T.J.

A. $186.20 B. $127.40 C. $852.60 D. $980

2. In terms of premium cost, the most expensive type of insurance is _______ insurance.

A. straight-life B. 20-year endowment C. term D. 20-payment life

3. Which one of the following statements is true about reduced paid-up insurance?

A. It means the original face amount is continued for a certain number of years.

B. It results in a face amount less than the original amount.

C. It buys protection with paying new premiums.

D. It continues for 20 years.

4. Belle Co. has beginning inventory of 12 sets of paints at a cost of $1.50 each. During the year, the store purchased 7 at $3.00, 8 at $3.25, and 12 at $3.50. By the end of the year, 31 sets were sold. Using the LIFO method, the cost of ending inventory is

A. $21.00. B. $12.00. C. $28.00. D. $3.50.

5. Pedro opened a grilled cheese food cart. He insures his food cart for $90,000.00 for fire. What’s his premium if the rate per $100.00 is $0.83?

A. $74.70 B. $747.00 C. $700.00 D. $74,700.00

6. Usually, assessed value is rounded to the nearest

A. cent. B. dollar. C. tenth. D. percent.

7. Calculate the median from the following numbers: 16, 9, 10, 5, 4

A. 9 B. 4 C. 10 D. 5

8. The stock of Company X pays a dividend of $.88. The stock opened at $18.25 and closed at $18.33. The stock yield is

A. 4.9% B. 4.1% C. 4.8% D. 4.2%

9. Dividends in arrears means that

A. no past dividends have been omitted.

B. common stockholders have been paid but not preferred stockholders.

C. a specific amount of dividends hasn’t been paid.

D. common stockholders must receive additional dividends not paid.

10. The building of A-Boy Supply is assessed at $109,000. The tax rate is $86.95 per $1,000 of assessed valuation. The tax due is

A. $8,695.45. B. $947.75. C. $9,477.55. D. $8,659.54.

11. The tax rate of $.0984 in decimal form can be expressed as how many mills?

A. 98.4 B. 9.84 C. 9,840 D. 90.84

12. Judy Ring purchased a watch with a retail price of $8,000. She still has to pay a sales tax of 6% and an excise tax of 10%. Since the jeweler is shipping the watch, there’s an additional $20 shipping charge. The total purchase price of this watch for Judy is

A. $9,300. B. $8,496. C. $8,880. D. $9,516.

13. The cost ratio in the retail method is found by the cost of goods available for sale at cost divided by the

A. net purchases at cost. B. ending inventory at retail. C. cost of goods available for sale at retail. D. net sales.

14. A total sales amount of $400,000 that included a 6% sales tax yields actual sales of

A. $377,358.49. B. $37,537.58. C. $48,200. D. $42,800.

15. Commissions charged on the trading of stock are

A. charged only on the buying of stock. B. charged on the buying and selling of stock.

C. charged only on the sale of stock D. fixed.

16. Assume the mean useful life of a particular light bulb is 2,000 hours, which is normally distributed with a standard deviation of 300 hours. What is the range of the useful life of light bulbs within two standard deviations of the mean?

A. Longer than 2,300 hours B. Between 1,700 and 2,300 hours

C. Longer than 1,700 hours D. Between 1,400 and 2,600 hours

17. Today the price of a Jeep is $25,000. In 1970, the price was $5,000. What’s the price relative?

A. $166 B. $600 C. $550 D. $500

18. The tax rate of $.6943 in decimal form can be expressed per $100 as

A. $690.3. B. $69.43. C. $69.43 mills. D. $6.943.

19. Beehive Corporation earned $1.80 per share. Assuming a closing price of $40, what’s the PE ratio? (Round your answer to the nearest whole number.)

A. 72 B. 20 C. 7 D. 22

20. Which one of the following statements is true of specific identification?

A. Low-cost items aren’t used in this method. B. Flow of goods and flow of cost are the same.

C. The specific purchase invoice prices aren’t used. D. Ending inventory isn’t associated with specific purchase prices.

Calculate Your Essay Price
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more