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Financial Management 4 (review)

Total questions: 10

Worksheet time: 6mins

Name
Class
Date
1.

You buy detergent for $11.98 for 64 ounces, what is the unit price?

a)

.20

b)

.17

c)

.19

d)

.195

2.

You buy 6 pairs of socks for $10.98, what is the unit price?

a)

$1.83

b)

$1.85

c)

$1.90

d)

$1.38

3.

Which is the better buy? Shampoo A is $4.59 for 32 ozs. and shampoo B is $8.86 for 46 ozs.?

a)

Shampoo A

b)

Shampoo B

c)

Both are equally good

d)

Neither A or B

4.

Eddie buys new ear buds for $107.36, he gives the store clerk $120.00, what change should he get back?

a)

$11.64

b)

$9.46

c)

$12.64

d)

$20.00

5.

How many months are in 4 years?

a)

36

b)

60

c)

24

d)

48

6.

You just rented a new apartment and you pay $950.00 every month, this is a

a)

Variable expense

b)

Periodic expense

c)

Fixed expense

d)

Random expense

7.

Caleb is buying a new surfboard for $670.00, he has only 5 months to save, what does he need to save each month?

a)

$143.00

b)

$128.00

c)

$134.00

d)

$138.00

8.

Joe works 50 hours and makes $12.50 an hour, what is his gross pay. (40 hrs. is a regular work week)

a)

$500.00

b)

$187.50

c)

$678.50

d)

$687.50

9.

Susan packages cotton candy at the fair. If she can package 400 packages in 8 hours, what is her hourly production rate?

a)

48

b)

50

c)

46

d)

52

10.

James worked 28 hours this week and is paid $9.50 per hour. What is his gross pay for the week?

a)

$622.00

b)

$270.00

c)

$266.00

d)

$265.00