STATS – Find the mean of the following numbers

1. Find the mean of the following numbers: 38, 18.05, 25, 26, and 46. Do not round your answer.A. 22B. 30.61C. 23D. 21.42. Calculate the mode from the following: 71, 3, 13, 33, 3, 71, 14, 33, 13, and 33.A. 33B. 71C. 13D. 33. Which one of the following statements is true of specific identification?A. Flow of goods and flow of cost are the same.B. Low-cost items aren’t used in this method.C. Ending inventory isn’t associated with specific purchase prices.D. The specific purchase invoice prices aren’t used.4. What are overhead expenses?A. They’re directly related to a specific product.B. They’re directly related to a specific department.C. They contribute directly to the running of a business.D. They contribute indirectly to the running of a business.5. Personal property items do not includeA. autos.B. furniture.C. jewelry.D. land.6. Which one of the following statements is true about reduced paid-up insurance?A. It means the original face amount is continued certain number of years.B. It buys protection with paying new premiums.C. It results in a face amount less than the original amount .D. It continues years.7. The tax rate of $.0984 in decimal can be expressed as how many mills?A. 9,840B. 98.4C. 9.84D. 90.848. Jim opened a new pizza shop. He insures his store for $90,000.00 . What is his premium if therate per $100.00 is $0.83?A. $747.00B. $74,700.00C. $74.70D. $700.009. With net sales of $40,000, beginning inventory at retail of $14,000, ending inventory at retail of $20,000,and cost of goods sold of $19,500, what is the inventory turnover at retail rounded to the nearesthundredth?A. 3.25B. 2.35C. 5.15D. 5.2310. An auto insurance premium may be partially based on theA. make of the car.B. expected life of the car.C. attitude of the driver.D. number of years one expects to drive a car.11. Bauer Supply had total cost of goods sold of $1,400 with 140 units available . What was theaverage cost per unit?A. $14B. $ 14.10C. $140D. $1012. If the total sales were $400,000 including a 6% sales tax, what were the actual sales yields?A. $37,537.58B. $42,800.00C. $377,358.49D. $48,200.0013. FIFO does not assume which one of the following?A. Sell the new inventory first.B. The recent cost is assigned to inventory that hasn’t been sold.C. Cost flow tends to follow physical flow.D. Sell the old inventory first.14. Which one of the following statements is true of term insurance?A. It builds up cash value.B. It pays more than the face amount.C. It’s more expensive than straight-life insurance.D. It provides temporary protection.15. Assume the mean useful life of a particular light bulb is 2,000 hours, and that it’s normally distributedwith a standard deviation of 300 hours. Calculate the useful life of light bulbs within two standarddeviations of the mean.A. Between 1,700 and 2,300 hoursB. Between 1,400 and 2,600 hoursC. Longer than 1,700 hoursD. Longer than 2,300 hours16. What is the median of the following numbers: 16, 9, 10, 5, 4?A. 4B. 9C. 10D. 517. What is the range of 35, 22, 43, 18, 22, 27, 48, 39, 31, and 16?A. 22B. 30C. 29D. 3218. Crestwood Paint Supply had a beginning inventory of 10 cans of paint at $25.00 per can. Theypurchased 20 cans during the month at $30.00 per can. They had an ending inventory valued at $500. Howmuch paint in dollars was used month?A. $250B. $1,350C. $350D. $85019. During inflation, the best method to use in inventory valuation that produces the smallest amount ofprofit isA. specific invoice.B. LIFO.C. FIFO.D. weighted average.20. The cost ratio in the retail method is found by the cost of goods available at cost divided by theA. cost of goods available at retail.B. net sales.C. net purchases at cost.D. ending inventory at retail.21. Calculate the optional bodily injury cost following:Class: 10Optional Bodily Injury: 100/300/50A. $144B. $187C. $94D. $10822. Which one of the following items is subject to sales tax in the District of Columbia?A. TomatoesB. MilkC. ShampooD. Roast beef23. The weighted-average method is best usedA. products.B. only .C. only .D. products.24. Suppose Department A is 8,000 square feet, Department B is 5,000 square feet, and Department C isEnd of exam6,000 square feet. What is the percent of overhead expense applied to Department C? (Round your answerto the nearest whole percent.)A. 68%B. 42%C. 26%D. 32%25. Determine the mode of the following numbers: 6, 6, 8, 9, 3, 9, 6, and 3.A. 6B. 3C. 9D.4