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1)Ginger over the course of an average work-week wanted to see how much she spent
on lunch daily. On Monday and Thursday, she spent $5.43 total. On Tuesday and
Wednesday, she spent $3.54 on each day. On Friday, she spent $7.89 on lunch. What
was her average daily cost?
$3.19
$3.75
$3.90
$4.08
$4.23
Answer: d

During a given week a programmer spend 1/4 of his time preparing charts,3/8 of his time for
coding,rest of his time for debugging the programs.If he had 48 hrs during the week how many
hours did he spend debugging the program

Answer: 18hrs
A 16 story building has 12000ft on each floor. Company A rents 7 floors and company B rents 4
floors. What is the number of square feet of unrented floor space?

Answer:
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60000 sqft

In a normal distribution, approximately what percentage of the cases, to the nearest whole number,
falls within 4 standard deviations of the mean:

Answer:
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1. 68%
2. 100%
3. 99%
4. 75%

Answer: B

Assuming a year in a dogs life is equivalent to 7 years of a humans life, what is 1 hour of a dogs life
approximately equivalent to in a humans life?

Answer:
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1. 3 hours
2. 7 hours
3. 5 hours
4. 4 days
Answer: B

2. Systematic random samp ling is to be used to select 5 addresses from an ordered list
containing 500 addresses. A 1- in-100 systematic sample is used to select the 5
addresses. What is the chance that any specific address will be chosen:

Answer:
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1. 1/5
2. 1/100
3. 5/100
4. 5
Answer: B

2. The financial statement that reports the revenues and expenses for a period of
time such as a year or a month is the
Balance Sheet
A Income Statement
Statement Of Cash Flows
3. 2.

The financial statement that reports the assets, liabilities, and stockholders' (owner's)
equity at a specific date is the
A Balance Sheet
Income Statement
Statement Of Cash Flows
4. 3.
Under the accrual basis of accounting, revenues are reported in the accounting period
when the
Cash Is Received
A Service Or Goods Have Been Delivered
5. 4.
Under the accrual basis of accounting, expenses are reported in the accounting period
when the
Cash Is Paid
A Expense Matches The Revenues Or Is Used Up.
Assets are usually reported on the balance sheet at which amount?
Cost
Current Market Value
Expected Selling Price
6. 8.Obligations (amounts owed) are reported on the balance sheet and are referred
to as
__________
.
7. 9.Liabilities often have the word
__________
in their account title.
8. 10.
Unearned Revenues is what type of account?
Asset
Liability

Stockholders' (Owner's) Equity

9. 11.
Accounting entries involve a minimum of how many accounts?
One
Two
Three
10. 12.The listing of all of the accounts available for use in a company's accounting
system is known as the
__________
.
11. 13.Assets minus liabilities equals
__________
.
12. 14.
Which term is associated with "left" or "left-side"?
Debit
Credit
13. 15.
Which term is associated with "right" or "right-side"?
Debit
Credit
14. 16.
When cash is received, the account Cash will be
Debited
Credited
15. 17.
When a company pays a bill, the account Cash will be
Debited
Credited
16. 18.
What will usually cause an asset account to increase?
Debit

Credit
17. 19.
What will usually cause the liability account Accounts Payable to increase?
Debit
Credit
18. 20.
Entries to expenses such as Rent Expense are usually
Debits
Credits
19. 21.
Entries to revenues accounts such as Service Revenues are usually
Debits
Credits