Accounting Supplemental Instruction

Math Worksheet Post-Test

1) Given the following formula:
Beginning Retained Earnings (Beg RE) + Net Income (NI) - Dividends (D) = Ending Retained Earnings (End RE)
Determine:
Beg RE = $43,500 NI = $17,400 End RE = $48,900
Dividends = ________________

2) Given:
Cash (C) + Accounts Receivable (A/R) + Inventory = Assets
Determine:
C = $19,000 A/R = $7,900 Assets = $30,100
Inventory = ________________

3) If the Cash is twice the size of the Accounts Receivable, and A/R is $14,100, Inventory is $9,000, determine the amount of Cash on hand, _____________ and the total Assets, ___________ .

4) Historically Apex loses 9% of its employees each year. If Apex has 4,312 employees on January 1, how many can the company expect to lose over the next year? _______________

5) Jones Manufacturing has 2400 employees of which 1% are managers. If the company offers stock options to its managers, what is the maximum number of people eligible for the program? ___________

6) Appletalkcompany took out a 12 month bank loan on January 1. On August 1, what percent of the payments still have to be made? ____________

7) On July 1, Fern Corporation offered its employees the chance to sign up for health insurance. The company required their employees to decide by December 1 whether they will enroll. On September 1 what percent of the enrollment time is left? _____________

Answers