11. Lorenzo has a checkbook balance of $118.00. He writes two checks, one for $9.00 and one for $84.25. He then deposits $95.00. Finally, he uses his calculator to determine his new balance. Which one of the following series represents the correct order in which he should press the keys on his calculator?

Question

A. 118 – 9 – 84.25 + 95
B. 118 – 95 + 84.25 – 9
C. .25 = 118 + 9 / 95
D. 95 – 118 + 9 – 84.25

My answer is A.
Am I right?

Answer 1

14.   A share of stock in the Bree Medical Supply Company is quoted at 35 1/4 . Suppose you hold 20 shares of that stock, which you bought at 31 1/2. If you sold your stock at 35 1/4, which of the following would be true? 

A. You made a profit of $75.00.
B. You suffered a loss of $630.00.
C. You made a profit of $705.00.
D. You suffered a loss of $75.00.

My answer is A.
Am I right?

Answer 2

Both answers are right.

Answer 3

17.   Which of the following devices imparts ownership in a corporation? 

A. Bond
B. Savings account
C. Stock
D. U.S. Treasury Bill

My answer is C.
Am I right?

Answer 4

C is right.