Use the first$-$in$,$ first$-$out method to find the cost of goods sold using the following table and the fact that the ending inventory is $500$ units:

Date of purchase

Number of Units purchased

Cost per unit

Begin Inv.

$221$

$$16$

April $15$

$328$

$$15$

May $12$

$167$

$$12$

June $5$

$201$

$$9$

Question $34$ options:

$$6476$

$$6463\mathrm{.}50$

$$6672$

Question $35(1$ point$)$

Write the percent as a decimal. $84\mathrm{.}6\%$

Question $35$ options:

$0\mathrm{.}846$

$84\mathrm{.}6$

$8\mathrm{.}46$

Question $36(1$ point$)$

Write the decimal as a percent. $0\mathrm{.}82$

Question $36$ options:

$82\%$

$\mathrm{.}82\%$

$8\mathrm{.}2\%$

Question $37(1$ point$)$

Derek Anderson plans to buy a house in four years. He will make an $$8,000$ down payment on the property. How much should he invest today at $6\%$ annual interest compounded quarterly to have the required amount in four years?

Question $37$ options:

$$6080$

$$6304\mathrm{.}24$

Question $38(1$ point$)$

A restaurant had a beginning inventory at retail of $$13,900$ and an ending inventory at retail of $$10,000.$ If the net sales were $$47,800,$ find the turnover rate at retail.

Question $38$ options:

$0\mathrm{.}25$ times

$4$ times

$2$ times

Question $39(1$ point$)$

Fran Coley earns $$1,896$ biweekly on a salaried and exempt$($No overtime$)$ job. If she works $89$ hours in one pay period, how much does she earn?

Question $39$ options:

$$948$

$$2054$

$$1896$

Question $40(1$ point$)$

Find the turnover rate at cost to the nearest tenth for Ole Tyme Pictures if it has a beginning inventory at cost of $$26,108$; an ending inventory at cost of $$5,892$; and the cost of goods sold is $$73,600.$

Question $40$ options:

$0\mathrm{.}28$ times

$4$ times

$4\mathrm{.}6$ times

Question $41(1$ point$)$

How much money should Bryan Trailer Sales set aside today to have $$15,000$ in one year to purchase a forklift if the interest rate is $2\mathrm{.}95\%$ compounded annually?

Question $41$ options:

$$14500$

$$14570\mathrm{.}18$

$$14557\mathrm{.}5$

Question $42(1$ point$)$

Find the compound interest on a loan of $$5,000$ for two years if the interest is compounded quarterly at $12\%.$

Question $42$ options:

$$600$

$$1333\mathrm{.}85$

$$1200$

Question $43(1$ point$)$

Saved

Use the first$-$in$,$ first$-$out method to find the cost of goods sold and the cost of ending inventory using the table below and the fact that the ending inventory is $96$ units.

Date of purchase

Units purchased

Cost per unit

Total Cost

Begin Inv.

$182$

$$21$

$$3822$

August $20$

$78$

$$27$

$$2106$

Sept. $12$

$39$

$$28$

$$1092$

Oct. $2$

$52$

$$21$

$$1092$

Question $43$ options:

$$2319$

$$2016$

Question $44(1$ point$)$

$51\mathrm{.}52$ is what percent of $2,576?$

Question $44$ options:

$2\%$

$\mathrm{.}2\%$

$\mathrm{.}02\%$

Question $45(1$ point$)$

Manually calculate the compound interest on a $13\%$ loan of $$1,600$ for three years if the interest is compounded annually.

Question $45$ options:

$$1808$

$$2308\mathrm{.}64$

$$708\mathrm{.}64$

Question $46(1$ point$)$

Find the cost of ending inventory using the following table showing a breakdown of unit costs for ending inventory:

Cost per unit

Units

$$18$

$17$

$$19$

$12$

$$20$

$7$

$$17$

$14$

Question $46$ options:

$$306$

$$238$

$$912$

Question $47(1$ point$)$

Find $106\%$ of $$1900$

Question $47$ options:

$$201\mathrm{.}4$

$$20\mathrm{.}14$

$$2014$

Question $48(1$ point$)$

A plant had an average inventory at cost of $$13,000$ and sales of $$26,000.$ Find the rate of turnover at cost$.$

Question $48$ options:

$2\mathrm{.}5$ times

$0\mathrm{.}5$ times

$2$ times

Question $49(1$ point$)$

Department $1$ had $$5,200$ in sales for the month, department $2$ had $$4,700,$ department $3$ had $$6,520,$ department $4$ had $$4,870,$ and department $5$ had $$2,010.$ The total overhead was $$10,000.$ Find out department $1\text{'}$s overhead based on sales.

Question $49$ options:

$$2017\mathrm{.}17$

$$2798\mathrm{.}28$

$$2231\mathrm{.}76$

Question $50(1$ point$)$

Dieter Tillman is paid $$2,000$ plus $5\%$ of the total sales volume. If he sold $$3,000$ in merchandise, find the gross earnings.

Question $50$ options:

$$150$

$$2150$

$$2100$