Point of Sale Transactions PBMF 3.2.8/3.2.9

What term refers to a set amount of money kept in the cash register to make change with?

• Standard cash stock

• Cash float

• Cash drop

• Excess cash

What form of payment displays the customer's routing number and account number?

• check

• cash

• credit card

• debit card

A customer wants to buy two pairs of jeans at $30 each. The sales tax is 6%. He has a gift certificate for $50 and a $20 bill in his wallet. Which of the following represents the correct amount of change the customer should receive?

• One $5 bill, one $1 bill, 1 quarter, and 1 dime

• Two $5 bills

• One $10 bill, three $1 bills, 2 quarters, and 1 dime

• One $5 bill, one $1 bill, and 4 dimes

A customer has a total purchase of $84.75. She hands the person at the register four $20 bills, three $1 bills, six quarters, one dime, one nickel, and five pennies. Which of the following is true?

• The customer has paid the exact correct amount.

• The customer has overpaid by $0.05.

• The customer still owes $0.05.

• The customer still owes $0.25.

What register task requires the sales associate to inspect the item before accepting it?

• Making a cash drop

• Applying a discount

• Processing a return

• Accepting a gift certificate

Where does a point of sale transaction take place?

• At a cash register

• In a window display

• At a bank

• In a dressing room

A cash register that usually holds about $150 currently has $500 in it. What would be a good idea?

• Cash freeze

• Cash drop

• Make change

• Make change

Alice is buying a hammer for $20 and a box of nails for $4. She has a coupon for 10% off. After the discount is applied, the sales tax on the purchase amount is 5%. What is the total Alice must pay?

• $23.10

• $21.60

• $21.60

• $22.68

What form of payment is directly tied to a customer's bank account?

• Debit card

• Credit card

• Cash

• Gift certificate

Which of the following is an appropriate way to establish a cash float of $50?

• Two $20 bills and one $10 bill

• Two $20 bills, one $5 bill, three $1 bills, and 8 quarters

• One $10 bills, five $5 bills, twelve $1 bills, 8 quarters, 6 dimes, 6 nickels, and 10 pennies

• One $50 bill