Answer the following questions by typing in \"T\" for TRUE and \"F\" for FALSE 1

Question

Answer the following questions by typing in "T" for TRUE and "F" for FALSE

1. ( 24X2.1) 1/4 = 56.4
2. 30/1.5 = 20
3 A deficit results when a large number is subtracted from a smaller number
4. A base is the same as the exponent
5. Both multiplication and addition are operations.
6. The variable in the expression 5t +7 is t.
7. The expression 5n + 2n-n has no similar terms.
8. 2 is to 3 as 6 is to 4.
9. A ratio is the same as a proportion
10. Every fraction is a rational number.
11. Percent means 10th
12. 1/3 = 33 percent
13. Every fraction can be written as a decimal
14. When converting an English sentence into a mathematic equation, the verb of the sentence becomes the equal sign in the equation.
15. 20 is 100% less than 40
16. The bank on which a check is written is called the Drawee.
17. The Bank on which a check is written is called the Payee.
18. A special endorsement names the person to whom a check has been transferred.
19. The drawee is the person who is writing the check.
20. The drawee of the check and the maker of the check are the same person.
21. The maker is the person who is writing the check.
22.   All adjustments made on the Bank Reconciliation to the Book or depositor’s balance are transfer to the ledger or journalized.
23.   After the preparation of the Bank reconciliation, the adjusting entries must be made if there are adjustments to the book balance.
24. The Bank Reconciliation is an integral part of the Company’s ledger.
25. A shortage occurs when the cash register slip total is greater than the actual cash count.
26. Reconciliation of a checkbook balance and a bank balance statement involve changes only in the check book balance.
27. If the cash register receipts total is $500 and the net cash receipt is $300, then the account is over by $200.
28. The change fund is the change in the cash drawer at the end of the day.
29. A salesperson who earns 11%, always earn more money than a Sales Person who is paid 8%.
30. The Federal Fair Labor Standard Act requires that all workers be paid time and a half wages for work beyond 40 hours.
31. All employees in a store must be paid a time and a half wages for work beyond 40 hours a week.
32. A consignee is an agent who sends a shipment to another agent who will sells it.
33. Net wages are wages earned by an employee after FICA, Income Tax or other deductions are withheld.
34. Overtime excess is the money that is left from overtime wages after subtraction for FICA, Income taxes, and other deductions.
35. A brokerage is a commission.
36 If a worker has a regular job during the week and a part time job on weekends, Social Security Taxes are collected by both employees.
37. Social Security taxes is collected on regular wages, but not on overtime pay.
38. FICA withholdings include withholding for Medicare.
39. There is a limit to the amount of Social Security taxes a person will have to pay in any one year.
40. There is no limit to the amount of Social Security taxes a person will have to pay in any one year.

Explanation / Answer

1. False,( 24X2.1) 1/4

=50.4 /4

=12.6 , According to BODMOS, first bracket open(multiply) , then divide

2. True , 30 /1.5

=300 /15

= 20, For removing decimal in Denominator 1.5, one extra 0 have to added in numerator

3.   True , for exmaple smallerst number = 7 and large number =10

Deifcit = 7 - 10

   = -3

4 False, for example 10^2 , here 2 is exponent is power on a number, that is how many times a base is going to multiply with itself ,And Base is 10

5 True , operation (addition , substraction , multiplying and dividing) are the functions among the digits resulting to show a one digit by calculating

6 True, The variable in the expression 5t +7 is t. and 7 is fixed , t can be any number which will be mutiplying with the 5 . t can be in higher or lower

8. False ,2 is to 3 as 6 is to 4.
2/3 = 6/4

0.67 = 1.5

9. False, Proportion is a equation showing the the two ratios are equal , For example

6:3 = 8:4

2 = 2

11 False, Percent means 100th (Dividind by 100)

12   True , for a percentage .mutilpying bty 100

   =1/3 *100

=33%

13 False, every number in decimal can be written as a decimal not every fraction

for example , we can write 10 as 10/1 (in fraction) , It is not possible to write 10/1 in decimal

But if we have , 0.10, we can write it as 10 / 100

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