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Quizzes > High School Quizzes > Mathematics

Chapter 13 Accounting Practice Quiz

Ace your exam with engaging study review

Difficulty: Moderate
Grade: Grade 11
Study OutcomesCheat Sheet
Paper art promoting a Chapter 13 Mastery quiz for high school algebra students.

Solve the equation 2x + 5 = 15.
x = -5
x = 15
x = 5
x = 10
Subtract 5 from both sides to get 2x = 10, then divide by 2 to obtain x = 5. This straightforward process confirms the correct answer.
Simplify the expression 3(x + 4) - 2x.
5x + 4
5x + 12
x + 4
x + 12
By distributing 3, we obtain 3x + 12 and then subtracting 2x gives x + 12. This is a clear example of combining like terms.
If f(x) = 2x + 3, what is f(4)?
7
11
14
8
Substituting x = 4 into the function yields 2(4) + 3 = 8 + 3 = 11. This shows function evaluation at a given point.
Factor the expression 6x + 9.
2(3x + 4.5)
6(x + 1.5)
9(0.67x + 1)
3(2x + 3)
Both terms share a common factor of 3, so factoring it out gives 3(2x + 3). This technique simplifies expressions by identifying common factors.
Evaluate the expression 8 + 2 * 5 - 4.
18
14
16
20
Using the order of operations, multiply 2 and 5 to get 10, then add 8 and subtract 4 to arrive at 14. This problem reinforces the proper sequence of operations.
Solve for x: 3x - 7 = 2x + 1.
x = -8
x = 7
x = 1
x = 8
Isolating x by subtracting 2x from both sides gives x - 7 = 1, and then adding 7 results in x = 8. This demonstrates a basic method for solving linear equations.
Which expression is equivalent to (x² - 9)/(x + 3)?
x - 3
x² + 3
x + 3
x² - 3
The numerator is a difference of squares and factors into (x - 3)(x + 3); canceling (x + 3) in the fraction leaves x - 3. This reinforces factoring and simplification of rational expressions.
Which of the following lists the correct solutions to the equation x² - 5x + 6 = 0?
x = 1 and x = 6
x = -1 and x = -6
x = -2 and x = -3
x = 2 and x = 3
Factoring the quadratic equation yields (x - 2)(x - 3) = 0, so the solutions are x = 2 and x = 3. This question checks understanding of factoring quadratics.
Solve for y: (2/3)y = 8.
y = 16
y = 10
y = 8
y = 12
Multiplying both sides by 3/2 isolates y, resulting in y = 12. This problem illustrates solving equations that involve fractions.
Which inequality represents 'x is at least 5'?
x > 5
x ≤ 5
x < 5
x ≥ 5
The phrase 'at least' indicates that x can be equal to or greater than 5, which is represented by x ≥ 5. This clarifies the meaning of inequality symbols.
Find the solution to the system: x + y = 10 and x - y = 2.
(4, 6)
(5, 5)
(6, 4)
(2, 8)
Adding the equations eliminates y, yielding x = 6, and substituting back gives y = 4. This illustrates how to solve a system of simultaneous equations.
If a/b = 3/4 and a = 9, what is the value of b?
b = 9
b = 12
b = 4
b = 3
Using cross multiplication, 9*4 = 3b, which simplifies to b = 12. This tests the ability to work with proportions.
If an item's price increases by 20% to $36, what was its original price?
$32
$40
$30
$35
Dividing the final price by 1.20 accounts for the 20% increase, resulting in an original price of $30. This question combines percentage understanding with basic division.
Simplify the expression: 4(2x - 3) - 2(x - 5).
6x - 2
6x + 2
8x - 8
2x - 8
Expanding the brackets gives 8x - 12 and -2x + 10; combining like terms results in 6x - 2. This problem checks the ability to distribute and consolidate terms.
Solve for x: (x/2) + 3 = 7.
x = 10
x = 4
x = 8
x = 7
Subtracting 3 from both sides gives x/2 = 4, and multiplying both sides by 2 yields x = 8. This reinforces a straightforward method for solving linear equations.
Given the function f(x) = ax + b, and knowing that f(2) = 5 and f(5) = 11, what is the ordered pair (a, b)?
(2, 1)
(-2, 1)
(3, -1)
(1, 2)
Subtracting the equations f(2) and f(5) gives 3a = 6, so a = 2, and substituting back results in b = 1. This question tests the ability to determine the coefficients from given function values.
A revenue function is defined by R(x) = 50x - 0.5x², where x represents thousands of units sold. What is the maximum revenue?
1500
2000
1000
1250
The quadratic function reaches its maximum at the vertex. Calculating the vertex results in a maximum revenue of 1250, demonstrating an application of quadratic functions in revenue analysis.
Solve the equation √(2x + 7) = 5 for x.
x = 8
x = 9
x = 7
x = 10
Squaring both sides eliminates the square root, resulting in 2x + 7 = 25. Solving for x gives x = 9, reinforcing the method for solving radical equations.
Given f(x) = 2x + 3 and g(x) = x², what is the composition (f ∘ g)(x)?
x² + 3
x² + 2x + 3
2x² + 3
2x + 3x²
Composing the functions by substituting g(x) into f gives f(g(x)) = 2(x²) + 3 = 2x² + 3. This question assesses the understanding of function composition.
An investment follows the growth function P(t) = Pâ‚€ * (1.05)áµ - . If P(3) = 10000, what is the initial investment Pâ‚€?
Approximately $9000
Approximately $9500
Approximately $8638
Approximately $8000
Dividing 10000 by 1.05³ (which is approximately 1.157625) yields an initial investment of about $8638. This problem combines the concepts of exponential growth with reverse calculation.
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Study Outcomes

  1. Analyze algebraic expressions to identify underlying patterns.
  2. Simplify and solve linear equations and inequalities accurately.
  3. Apply problem-solving techniques to real-world algebraic scenarios.
  4. Evaluate solutions for consistency and correctness in various contexts.
  5. Develop strategies to identify and address knowledge gaps in algebraic concepts.

Chapter 13 Accounting Study Guide Cheat Sheet

  1. Business ownership forms - Dive into sole proprietorships, partnerships, and corporations to see how control, liability, and profit‑sharing change the game. Mastering these basics sets the stage for your entrepreneurial adventure! Partnerships & Corporations Notes
  2. Advantages & disadvantages of business structures - We break down the upsides and pitfalls of each ownership type, like limited liability and double taxation. You'll learn which structure shields your personal assets and which keeps your tax bill low! Structure Pros & Cons
  3. Mutual agency in partnerships - Discover why every partner can sign contracts that bind the whole team and how to keep communication crystal clear. Understanding this helps you avoid surprise obligations and strengthens trust among founding buddies. Mutual Agency Guide
  4. Accounting for bonds payable - From issuing at par, discount, or premium, we'll show you how to record these transactions and what they mean for your balance sheet. Get ready to see how market interest rates shake up bond values! Bonds Payable Overview
  5. Amortization of bond premiums & discounts - Use the effective‑interest method to spread out interest expenses like a pro. This approach gives you a realistic view of your bond's cost over its entire life and keeps your financial statements spot‑on! Effective‑Interest Method Summary
  6. Journal entries for bond lifecycle - Record the full journey of a bond, from issuance to periodic interest payments and final retirement. You'll master the debit and credit moves that make your ledgers balance with style. Journal Entry Checklist
  7. Present value concept - Learn to discount future cash flows so you can compare today's dollars with tomorrow's payoffs. This magic trick helps you decide if long‑term notes and bonds are worth the wait! Present Value Primer
  8. Types of corporations - Peek into private vs. public corporations to understand shareholder limits, share trading, and reporting perks. Knowing these differences will prep you for any boardroom discussion! Types of Corporations Cheat Sheet
  9. Limited liability in corporations - See how corporations keep shareholders' pockets safe by capping liability at their investment. This golden shield separates personal assets from business mishaps in a flash! Limited Liability Explained
  10. Issuing stock in corporations - Explore how selling shares boosts equity and funds your brilliant business ideas. You'll learn the journal entries and impacts on ownership percentage so you can raise capital like a champ! Stock Issuance Essentials
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