SUBJECTS
|
BROWSE
|
CAREER CENTER
|
POPULAR
|
JOIN
|
LOGIN
Business Skills
|
Soft Skills
|
Basic Literacy
|
Certifications
About
|
Help
|
Privacy
|
Terms
|
Email
Search
Test your basic knowledge |
DSST Business Math
Start Test
Study First
Subjects
:
dsst
,
math
,
business-skills
,
business-math
,
bvat
Instructions:
Answer 50 questions in 15 minutes.
If you are not ready to take this test, you can
study here
.
Match each statement with the correct term.
Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.
This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. % of 90 days same as cash convert to payments.
62%
gross margin
78
underbought
2. (Retail - Cost)/ Retail
Margin %
underbought
41%
Dividing Fractions
3. What happens when your expenses - etc. are higher than your sales
loss
Markdown %
Stock to Sales Ratio
underbought
4. Original retail price - Lower retail price
EOM (in terms of invoice)
Inventory Turnover Rate
increase=credit
$ Markdown
5. current assets/ current liabilities
$ COST
25%
underbought
Current Ratio
6. Rose borrowed money to buy a ring priced at $420. When she repaid the loan at the end of 3 months - the interest charge was $31.50. What was the rate of interest?
Markdown %
Turnover
2.5% per month
When Dividing With Exponents
7. When refunds or retail price reductions are given to customers - these activities reduce the value of this (also known as initial sales). formula: GS = NS + RED; GS$ = NS$ X GS%
Stock to Sales Ratio
Break Even Point Formula
gross sales
installment loan
8. What happens when your sales are higher than your expenses - etc.
percent
profit
increase=debit
Retail
9. He availability of your money is called _.
stock turn
Mark Up %
ROG
Liquidity
10. $ Cost x (100 + Mark-up %) / 100
Inventory Turnover Rate
Current Assets
$ Retail
netprice with a 25/10/10 series discount
11. Convert 70/100 to a percent
Multiplying Fractions
Margin %
Break Even Point Formula
70%
12. Convert .4 to a percent
$ COST
Dividing Fractions
4%
cost of goods
13. Convert 65% to a decimal
.65
80/100
Cost
Means
14. The point at which you stop losing money.
Break Even Point
Cost
increase=debit
FOB destination
15. ($ Retail x 100 / COST) - 100
Effective annual rate of interest formula
per hundred
Mark Up %
shrinkage
16. Assets - cost of goods sold - expenses
Internal Rate of Return
types of liabilities
increase=debit
To decrease a number by a given percentage - e.g. decrease 16 by 25%
17. S=X(1+r1)^y(1+r
Compound interest formula with changing rates
book value
Extremes
$ Markdown
18. Loss of items due to damaged goods - stealing - etc.
$2 -127.66
shrinkage
Liquidity of Assets
steps in strategic planning
19. A value or an expression of how fast merchandise moves through the store; also called turn. formula: turn - NS$ / Average Stock$ (average stock$ = BOM$ + EOM$)/(#BOM + 1)
stock turn
Markdown %
.56
Break Even Point Formula
20. When sales plans are underestimated and the stock purchases result in a low inventory
loss
underbought
50/100
Current Assets
21. After 4 years - $5 -000 will grow to how much if it earns 10% interest?
Internal Rate of Return
$6 -655.50
installment loan
Margin %
22. Sales - cost of goods sold
Gross margin dollars
Multiplying Fractions
90.9%
80/100
23. The average car will lose _% of its value in the first 4 years.
Break Even Point
The sum of a Geometric Progression
60
physical inventory
24. Convert 56% to a decimal
Simple interest formula
.56
1.304
profit and loss statement
25. The average car payment is $_ per month for _ months.
net sales
378 63
90.9%
25
26. $ RETAIL X (100 - GM %) / 100
588 mph
$ COST
Average Daily Sales
Proportion
27. Total Net Sales / Total Number of Transactions
Liquidity
Retail
Sales per Transaction
80/100
28. total fixed costs/ selling price-variable cost
Break Even Point Formula
Gross Margin Return On Inventory Investment (GMROII)
EOM (in terms of invoice)
COD
29. The sum of the cost of doing business - except the cost of goods; they include such items as sales persons' salaries - bags - paper and pencils - and cleaning of carpets...
Average Collection Turnover
operating expenses
$ Retail
EOM (in terms of invoice)
30. Convert 41/100 to a percent
cost of goods sold formula (COGS)
41%
16-18
125%
31. Multiply the number by 1+the increase proportion - e.g. 16(1+0.25) = 161.25 = 20 - 20 is a 25% increase over 16
types of incomes
Effective annual rate of interest formula
types of liabilities
To increase a number by a given percentage - e.g. increase 16 by 25%
32. Convert 80% to a fraction
Subtracting Fractions
netprice with a 25/10/10 series discount
Current Assets
80/100
33. A team won 16 games and lost 9 games. What percent of games did the team lose?
Subtracting Fractions
Extremes
36%
Multiplying Fractions
34. (TY-LY)/ LY or (Plan-Actual)/
36%
4%
Simple interest formula
% increase or decrease
35. cash + receivables/ current liabilities.
ROG
4%
Average Collection Turnover
Quick Ratio
36. The recommended house payment should be no more than _% of your monthly take-home pay.
Proportion
25
Gross margin dollars
Adding Fractions
37. Planned Sales + Planned Markdowns + Planned EOM - Planned BOM
378 63
15
OTB (retail)
percent decrease
38. Date of invoice - the cash discount terms will have no dating within the discount statement; ex: 4/10 - n/30
Unit pricing
EOM (in terms of invoice)
To increase a number by a given percentage - e.g. increase 16 by 25%
DOI
39. Receipt of goods; the cash discount period and net period begin with the date of receipt of goods; ex: 8/10 ROG - n/30
Current Ratio
ROG
cost of goods
percent
40. Actual retail sales; the retail price at which one tiem is sold is combined with the retail prices of all the items that are sold to become the net sales amount.
net sales
Simple interest formula
Discounting Formula
Markup
41. Accounts receivable - buildings - cash - copyrights - equiptment - furniture and fixtures - land - tomor vehicles
types of assets
To find the number from which a percentage has been deducted to achieve it - e.g. of what number is 16 a 25% decrease?
ROG
Current Assets
42. Gross margin dollars/Net sales dollars (multiply by 100 to express as percentage) or (Selling price - cost) x 100 / Selling price
Average Collection Turnover
profit and loss statement
Means
Gross margin %
43. Wholesale cost
Markdown %
cost of goods
20%
types of capital
44. A formal document that is used for a variety of functions within a retail business; it provides a big picture look at the succinct expression of the sales - markup - and profit for a business
loss
ROG
41%
profit and loss statement
45. What is the product of 3.26 and 0.4?
1.304
90.9%
588 mph
25
46. A/b - c/b = a-c/b
shortage
$ Markdown
70%
Subtracting Fractions
47. Convert 10/11 to a percent
90.9%
Proportion
OTB (retail)
cost of goods
48. Convert 1.25 to a percent
gross sales
125%
36%
20%
49. Convert 20 to a percent
With cash discounts and calculating net price - when to add freight
shortage
20%
Gross margin %
50. Divide the result by 1+the increase proportion eg) X=16/(1+0.25) = 12.8 - 16 is a 25% increase over 12.8
Of what number 16 is a 25% increase
overbought
1.304
Quick Ratio
Sorry!:) No result found.
Can you answer 50 questions in 15 minutes?
Let me suggest you:
Browse all subjects
Browse all tests
Most popular tests
Major Subjects
Tests & Exams
AP
CLEP
DSST
GRE
SAT
GMAT
Certifications
CISSP go to https://www.isc2.org/
PMP
ITIL
RHCE
MCTS
More...
IT Skills
Android Programming
Data Modeling
Objective C Programming
Basic Python Programming
Adobe Illustrator
More...
Business Skills
Advertising Techniques
Business Accounting Basics
Business Strategy
Human Resource Management
Marketing Basics
More...
Soft Skills
Body Language
People Skills
Public Speaking
Persuasion
Job Hunting And Resumes
More...
Vocabulary
GRE Vocab
SAT Vocab
TOEFL Essential Vocab
Basic English Words For All
Global Words You Should Know
Business English
More...
Languages
AP German Vocab
AP Latin Vocab
SAT Subject Test: French
Italian Survival
Norwegian Survival
More...
Engineering
Audio Engineering
Computer Science Engineering
Aerospace Engineering
Chemical Engineering
Structural Engineering
More...
Health Sciences
Basic Nursing Skills
Health Science Language Fundamentals
Veterinary Technology Medical Language
Cardiology
Clinical Surgery
More...
English
Grammar Fundamentals
Literary And Rhetorical Vocab
Elements Of Style Vocab
Introduction To English Major
Complete Advanced Sentences
Literature
Homonyms
More...
Math
Algebra Formulas
Basic Arithmetic: Measurements
Metric Conversions
Geometric Properties
Important Math Facts
Number Sense Vocab
Business Math
More...
Other Major Subjects
Science
Economics
History
Law
Performing-arts
Cooking
Logic & Reasoning
Trivia
Browse all subjects
Browse all tests
Most popular tests