FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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What is 60% as a fraction
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Fraction - A fraction is a small amount or number which is not a whole number, for example one forth, one fifth.
Whole Number - a whole number is a number without any fraction, it is a collection of positive integers. example 1,2,3,4
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- If Sales for the last year was Rs. 40,00,000 and variable cost ratio is 80%. What will be the new contribution if the sales increase by 20%? Oa.10,50,000 O b. 9,60,000 O c. 9,20,000 O d. 8,00,000arrow_forwardHow long will it take $300 to accumulate to $900 at j12 = 7% ? Assume that the practical method of accumulation is in effect. (Be sure to use linear interpolation.)arrow_forwardFind the percent markup based on selling price, if the percent markup based on the cost is 18%.arrow_forward
- A rate is made up of claims, retention and profit. If 80% of a rate is claims, and retention equates to 20% of claims, what percent is left over for profit?arrow_forwardWould I have to round to 700% since they said the nearest hundredth percent? Or would it still be 733.33%arrow_forwardSales revenue is $ 500000 , Variable costs are 30 % of sales revenue and fixed costs are $ 200000 , determine the net profit ( loss )arrow_forward
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- PV at 10% for the end year 2. How to use it on the financial calculator?arrow_forwardCalculate the breakeven revenue (see Ch 5 p 107) where Total fixed costs are $78,000 and Gross profit is $250,000 and net sales is $375,000arrow_forwardWhat is the effective annual yield of 8.7% com-pounded continuously?arrow_forward
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