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Multiple Choice Quiz
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1

The Maintain; Default Information, Employees window includes tabs for the following:
A)General.
B)Pay levels.
C)Employee fields.
D)Employer fields.
E)All of the above.
2

To print an employee paycheck, the following information must be entered on the Tasks; Payroll Entry window:
A)Employee ID.
B)Check No.
C)Date and pay period end date.
D)Hours worked (when applicable).
E)a., c., d. not b.
3

The Payroll Journal for Richard’s Sales & Service for January 2005 shows:
A)Wages expense.
B)Payroll withholdings.
C)Payroll tax expense.
D)Net Payroll deducted from the payroll account.
E)All of the above.
4

On the January 31, 2005 Balance Sheet for Richard’s Sales & Service, total current assets are:
A)$122,500.00.
B)$102,090.05.
C)$116,519.02.
D)$214,590.05.
E)$117,220.35.
5

If the ratio of Cost of sales to Sales = Cost of sales percentage for each inventory item sold, the inventory item(s) which result in the best gross profit for 2005 is/are:
A)Hardware.
B)Wall.
C)Floor.
D)Lights.
E)All items result in the same gross profit.





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