Achieving Academic Excellence Exam 5

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School

Hillsborough Community College *

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Course

1005

Subject

Accounting

Date

Jan 9, 2024

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docx

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4

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[05] Lesson 5 Exam - Results Attempt 1 of 2 Written Jun 5, 2019 11:52 AM - Jun 5, 2019 12:10 PM mpt Score 90 / 100 - 90 % rall Grade (Highest Attempt) 90 / 100 - 90 % stion 1 10 / 10 points Understanding how a budget is created will help you develop good financial decision making skills. This is known as: Question options: Financial expertise Financial literacy Accounting Math on 0 / 1 poin Which of the following is an example of budgeting? Question options: Deciding to go to a cheaper restaurant rather than an expensive one Giving yourself a certain spending limit per month Calculating monthly expenses for rent, utilities and car payments before going on a trip All of the above are examples of budgeting on 10 / 1 points The following are examples of using math in your everyday life EXCEPT: Question options: Budgeting your time Baking a cake
Estimating your monthly budget All of the above are examples of using math everyday on 10 / 1 points Emma is buying several boxes of cake mix at the grocery store. Each box of cake mix is $2.50 and Emma wants to buy six boxes to stock her pantry. Emma's grocery budget is $40.00 for the week. What percentage of her grocery budget will be spent on cake mix? Round your final percentage to the nearest whole number. Question options: 6.25% 38% 21% 37% on 10 / 1 points When setting a budget, you should use the 50/20/30 rule. Question options: True False on 10 / 1 points Suppose that during this week you have spent $25.61 on gas for your car, $92.46 on groceries, $43.78 on a birthday gift for a friend and $19.33 on a new pair of pants. Round each purchase and create an estimate for your weekly expenses. Which of the following best reflects your estimated total weekly expenses? Question options: $180 $200 $220
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