1) Define a Corporation and name five well-known corporations.
2) A farmer paid $75 each for two cows. He sold one at a gain of 15% and the other he sold at a loss of 20%. Did he gain or loose on the transaction, and how much?
3) A farmer delivered to a creamery 480 lbs. Of milk that tested 3.6% butterfat. He was paid $.32 per pound for butterfat. How much did he receive?
4) A rectangular bin 6 feet wide, 10 feet high, and 20 feet long is 2/3 filled with grain. How many bushels of grain are there? If is was wheat what would it weigh?
5) From the following data , write a promissory note.  Find the maturity, the interest and the amount, too.
	Date - July1, 1926 Face - $200.00 Rate ­ 10% Time - 6 months Maker ­ John Doe Payee ­ Fred Jones
6) Name five methods of sending money. What are the advantages of having a checking account at the bank and paying bills by check?
7) What is a board foot? Find the number of board feet in the following pieces of lumber.
	12 2x4šs 14 feet long 10 4x4šs 12 feet long 12 timbers 6 inches wide, 3 inches thick and 12 feet long
8) Name the standard time belts in the U.S. In which one do you live? How must you change your watch when traveling from Huron to Rapid City? Be exact.
9) Find the cubical contents of a cylindrical tank whose base is 8 feet in diameter and is 12 feet high. About how many gallons of water would it hold? (1 cu. ft. contains about 7 gallons.)