
PBMF Chapter 16/17 Exam
Business
9th - 10th Grade
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20 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
You are buying an item for $750 with a down payment of $75. If you pay $26 per month, how many months will you pay?
25.96 months
28.85 months
There is not enough information to answer this question
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The amount paid by a borrower for the use of credit is called:
Annual Percentage Rate
Lending Fee
Interest
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This statement reports assets, liabilities, and owner's equity:
Balance Sheet
Cash Flow
Income Statement
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
If Assets = $58,000 and Liabilities = $24,000, What is the Current Ratio?
2.42:1
41.38:1
There is not enough information to answer this question
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
You can buy a TV for $1000 cash or you can make a $100 down payment and $35 payments for 36 months. What is the installment price?
$1360
$1260
$360
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
If Net Income = $509,456 and Sales = $750,432, what is the Net Profit Ration?
3.78:1
.68:1
There is not enough information to answer this question
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The process of setting financial goals and developing plans to reach them is called:
Revenue
Sales
Financial Management
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