The Central Connection purchased the following items for use in the business: QuickBooks software at $119.00, a box of computer paper at $19.75, a calculator at $49.95, and computer labels for $30.25. How much is owed, including 5% tax?
$181.95
$218.95
$229.90
$231.00
A salesperson at a well known ladies' apparel shop had the following sales on a particular day: $10, $22, $42, $15, $7, $31, and $65. What is the total amount that salesperson sold for that day?
$150
$182
$189
$192
The Jay Spot, a hip downtown restaurant accepts Visa, Discover, and MasterCard. At the end of the month the club must pay each credit card company for processing payments. This is called a/n:
Credit fee
Processing fee
Transaction fee
Utility fee
Sharon begins shopping for school clothes several months before school starts. She picks out the clothes and puts them on hold, paying a percentage of the total bill each week. Sharon is using which type of sales transaction?
Cash
Debit
Credit
Layaway
John is considering purchasing an Escalade. The salesperson allows John to take the car home for the weekend. The salesperson secures credit information beforehand. This is an example of which sales transaction?
Credit
Debit
Layaway
On approval
A customer bought two items at $28.99 each. There is a $4.00 delivery charge and a $3.00 wrapping charge to be added to the sale. What will be the customer's total, excluding tax?
$28.99
$35.99
$57.98
$64.98
The simplest type of transaction is?
Cash
Debit card
Layaway
Pay Pal
Doughnuts are priced at $3.95 per dozen or $0.35 individually. If Kerrie selected four doughnuts, how much would she be charged before tax?
$0.98
$1.31
$1.32
$1.40
Calculate the amount a customer would pay, excluding taxes, for three pairs of jeans which sold for $18.95 each and alteration charges of $1.50 each.
$56.85
$58.35
$60.35
$61.35
Which type of sales transaction allows a customer to select items, pay an initial deposit, and make payments over a specified period of time?
Cash
On approval
Layaway
Pay Pal
A customer purchased 4 items at $44.59 each, plus 4.5% sales tax. What was the amount of tax due?
$2.01
$8.03
$178.36
$186.40
The customer wants a cash refund for a hair dryer that costs $19.95. Sales tax is 5%. How much sales tax should you refund the customer?
$1.00
$1.05
$2.81
$2.86
A customer wants to buy merchandise worth $27.19 from your store. After adding 6% sales tax, how much would you charge the customer?
$27.79
$28.82
$28.92
$29.28
What would be the total amount due if a customer purchased four cans of oil at $1.29 each with a 5% sales tax?
$5.16
$5.32
$5.42
$5.52
Cheryl's customer gave her a check to pay for her purchase. Because Cheryl's customer is writing a check, Cheryl should ask for:
Approval
Coverage
Identification
Pay Pal
A written record of a sales transaction that includes all of the information regarding the sale is a sales:
Check
Document
Form
Invoice
People who do not carry large amounts of cash or a checkbook would take advantage of which sales transaction?
Cash
COD
Debit
Sales check
Which type of sales transaction allows regular customers to take merchandise home for further consideration?
Cash
Credit
Debit
On approval
Juan ordered a Dell Desktop PC for $349.95, a laser printer for $84.00, and a scanner for $4,472.95. What is Juan's total before taxes?
$4,472.95
$4,741.33
$4,906.90
$5,274.92
Which sales transaction is the least efficient?
Cash
COD
Debit
On approval
Deb ordered three tubes of lip gloss at $13 each. Assuming that sales tax is 7.5%, what is Deb's grand total?
$2.93
$7.50
$39.00
$41.93
What is the cost of 3 pairs of socks at $3.50 a pair?
$9.50
$10.00
$10.50
$11.00
Determine the amount of tax on a purchase of $56.85 with a tax rate of 6%.
$2.84
$3.41
$9.10
$34.11
Identify the correct answer: 5% tax on a $20.00 purchase.
$.10
$1.00
$1.10
$10.00
Which type of sales transaction requires the customer to enter their PIN number?
Cash
Debit
Layaway
On approval
What is the total of a sales check showing four items at $1.29 each excluding tax?
$0.32
$0.33
$5.00
$5.16
Debit card transactions are ideal for customers who: