# First Quarter Exam

##### Citation preview

CUYAPO NATIONAL HIGH SCHOOL Senior High School Curriculum ACCOUNTANCY, BUSINESS AND MANAGEMENT First Semester – First Quarter Summative Examination ABM 11_BUSINESS MATHEMATICS First Quarter Examination-SY 2019-2020 Name: _________________________________________________ Grade & Section: _______________________________________

Date: _________________ Score: ________________

Part I. MULTIPLE CHOICE: Solve the following. Write your answer on the space provided. __________1. Which of the following lists three fractions in ascending order? a. 1/9,3/21,2/15 b. 2/15,3/21,1/9 c. 1/9,2/15,3/21 d. 3/21,1/9,2/15 ___________2. Which of the following fractions is the greatest? a. 3/4 b. 1/2 c. 5/6 d. 7/9 ___________3. Find the sum: ½+3/4+2/3 a. 6/9 b. 1 and 1/12 c. 1 and 11/12 d. 2 and 1/4 ___________4. Which of the following is not equal to 27/45? a. 9/15 b. 18/30 c. 3/5 d. 6/9 ___________5. Given: 40/480 = 3/N. What is the value of N? a. 34 b. 35 c. 36 d. 38 ___________6. Which of the following fractions converts into a repeating decimal? a. 3/4 b. 3/8 c. 1/5 d. 5/6 ___________7. What is the ratio of 9 inches to 2 feet? a. 8:3 b. 3:8 c. 2:9 d. 9:2 ___________8. Find the reciprocal of 3 2/5. a. 3 5/2 b. 5/17 c. 5 2/3 d. 17/5 ___________9. What is the GCF of 16 and 24? a. 2 b. 8 c. 48 d. 96 ___________10. If x is to 6 as 12 is to 15, then x equals to? a. 3.50 b. 4.8 c. 5.25 d. 5.50 ___________11. If 3 apples cost P 15, how much do 7 apples cost at the same rate? a. P 25 b. P 30 c. P 35 d. P 45 ___________12. If 3 babies are born per minute, how many babies are born in one hour? a. P 105 b. P 108 c. P 160 d. P 180 ___________13. How many times the ratio 2:3 is the ratio 6:1? a. 3 b. 5 c. 6 d. 9 ___________14. Three-fourth of what number is 18? a. 12 b. 16 c. 24 d. 30 ___________15. Which of the following is CLOSEST in value to the decimal 0.60? a. 2/3 b. 5/9 c. 3/8 d. 2/5 ___________16. It refers to that number of which a certain number of hundredths is taken a. Percentage b. Rate c. Base d. None of the above ___________17. It refers to the amount added to cost to arrive at the original selling price. Also called margin. a. Mark-on b. Markdown c. Markup cancellation d. Additional mark-up ___________18. It refers to the decrease in the new selling price that does not decrease it below the original Selling price. a. Mark-on b. Markdown c. Markup cancellation d. Additional mark-up ___________19. It refers to amounts added to the original selling price to arrive at a new selling price a. Mark-on b. Markdown c. Markup cancellation d. Additional mark-up ___________20. It refers to reduction in the original selling price. a. Mark-on b. Markdown c. Markup cancellation d. Additional mark-up ___________21. What remains on selling price (sales) after all cost and expenses have been deducted. Selling price is higher than the cost and expenses a. Profit b. Loss c. Break-even d. None of these ___________22. It occurs when the cost and expenses exceed the selling price or sales a. Loss b. Profit c. Break-even d. Margin ___________23. It is a reduction from list price granted to buyers. a. Trade discount b. Cash discount c. Break-even discount d. Loyalty discount

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___________24. These are recorded in the accounting records either as sales discounts in the books of the seller or purchases discounts on the part of the buyer. a. Trade discount b. Cash discount c. Break-even discount d. Loyalty discount ___________25. It is easy to calculate because we simply multiply the list price with the given trade discount. a. Series discount b. Single discount c. Purchase discount d. Sales discount II. BUYING AND SELLING A. Find the cash discount Net Invoice Price a. P 785 b. P 3,162 c. P 846 d. P 1,245 e. P, 2008

Discount Rate Aug. 1 Sept. 29 Oct. 18 May 21 Nov. 22

Terms of Payment 2/10,n/30 3/5, n/60 1/15, n/90 3/5,2/10,n/60 2/5,1/30,n/90

Payment Date Aug. 21 Oct. 2 Oct. 31 May 30 Dec. 7

Cash Discount

Net Amount Due

(26.)

(31.)

(27.)

(32.)

(28.)

(33.)

(29.)

(34.)

(30.)

(35.)

B. Complete the following table (Single Discount)

a. b. c. d. e.

List Price

Discount Rate

158.75 865.00 1,300.00 3,650.00 725.00

5% 12½ %

Discount (39.)

(42.)

(40.)

(43.)

104.00 803.00

(36.) (37.) (38.)

Net Invoice Price

(41.)

NIP Rate

(44.) (45.)

522.00

B. Break-even point in sales in units and in peso. 5 points  Find the break-even point in units and in peso given that the unit price of a certain commodity is 15.00; variable cost, P5.00; and total fixed cost, P 12,000.00. Show your solutions here:

“Striving for success without hard work is like trying to harvest where you haven’t planted”. David Bly Good luck!!!

Prepared by: RAUL S. CABANTING Teacher II

Checked by: LEONIDA H. ZAMORA ASP II

Noted by: ANGELITA L. DELA FUENTE School Principal

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