Question

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? 

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.