MATH 837 Midterm 2

subject Type Homework Help
subject Pages 9
subject Words 961
subject Authors Anthony J. Strianese, Pamela P. Strianese

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page-pf1
The final answer of a division problem
Match the following chapter terms to their definition.
a. multiplication f. division
b. multiplicand g. dividend
c. multiplier h. divisor
d. product i. quotient
e. remainder
_____ is the changeable cost or expenses that will increase or decrease with the level of
sales volume.
a. Variable cost
b. A property tax
c. The inventory
d. Fixed cost
m
page-pf2
Match the following metric units with their abbreviation.
a. meter h. cubic centimeter
b. decimeter i. cubic meter
c. centimeter j. milliliter
d. millimeter k. liter
e. kilometer l. gram
f. hectometer m. kilogram
g. dekameter n. degrees Celsius
Instruments used in a business operation to let management know its exact financial
position
Match the following chapter terms with their definition.
a. withholding tax e. net pay
b. FICA f. commission
c. wages g. financial statements
d. deduction h. gross margin
page-pf3
A regular, periodical payment for official or professional services rendered
Match the following chapter terms with their definition.
a. gross wages e. depreciation
b. overtime f. balance sheet
c. salary g. net worth
d. cost of food sold h. capital
There are two major _____ that must be prepared and are essential to the operation of a
business: the profit and loss (income) statement, sometimes referred to as the P&L
sheet, and the balance sheet.
a. financial statements
b. tax forms
c. charge accounts
d. budgets
page-pf4
An operation that tells the difference between two numbers
Match the following chapter terms to their definition.
a. addition e. subtrahend
b. sum f. difference
c. subtraction g. trading
d. minuend
Press to clear an incorrect keyboard entry that has not been entered into memory
Match these calculator keys/abbreviations with their definition.
a. C e. CM
b. CE f. MRC
c. AC g. +/-
d. M+ h. RM
A list of food items issued from the storeroom upon the request of the production crew
Match the following chapter terms with their definition.
a. daily food cost report e. food cost percentage
page-pf5
b. storeroom requisition f. menu
c. direct purchases g. markup
d. customer count h. multiplier effect
Relation in size, number, amount, or degree of one thing compared to another
Match the following chapter terms with their definition.
a. standardized recipe d. ratio
b. working factor e. proportion
c. yield
The symbol used to separate a whole number and a decimal fraction is a _____.
a. x
b. @
c. %
d. . (decimal point)
page-pf6
Pay based on the amount of business done
Match the following chapter terms with their definition.
a. withholding tax e. net pay
b. FICA f. commission
c. wages g. financial statements
d. deduction h. gross margin
Your restaurant calls for cooking hamburgers to 165°F. What is the temperature in
degrees Celsius?
a. 165.0°C
b. 239.4°C
c. 329.0°C
d. 73.9°C
page-pf7
Excess value of resources over liabilities; also called net assets
Match the following chapter terms with their definition.
a. gross wages e. depreciation
b. overtime f. balance sheet
c. salary g. net worth
d. cost of food sold h. capital
Chain calculations involve:
a. a series of numbers and a variety of math operations
b. calculating like operations before continuing onto other operations
c. putting a chain on the calculator to prevent theft
d. testing the calculator
page-pf8
__________________are moneys spent to prepare any and all products used in an
individual recipe or an entire meal.
A(n) ____________________ ____________________ is a continuous or endless
inventory.
The ____________________ ____________________ ____________________
percent tells the food service operator what percentage of the total sales for that period
was used to purchase food for the operation.
An ____________________ is a written document listing goods sent to a purchaser by
a vendor with their prices, quantity, and charges.
page-pf9
How many glasses of wine can be obtained from a liter of wine if each guest were to
receive an 8 ounce glass of wine? _______________ glasses
The manager of the Kentucky Inn is paid a salary of $522 per week, plus 1
3/4% commission on the food and beverage business in excess of $12,500 per week.
During the second week of November, the business amounted to $22,600. Assuming
that the Social Security tax rate is 6.30%, how much tax was deducted from his
earnings for that week? $_______________
Gratuity / amount of tip = amount of check.

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