30 of the graduating class of North College received immediate job offers. If there were 650 graduating students, how many students received job offers? For the problem above, The unknown element is called the Portion. The formula for finding the portion is Portion = Rate X Base
Indicate whether the statement is true or false
Q. 2The After Five Boutique took in 825,200 in sales during May. They started the month with inventory worth 524,000 and spent 225,500 on new purchases during the month. Gross margin on sales was 30. Using the gross profit method, estimate the cost value of the inventory at the end of June.
A) 295,100
B) 345,625
C) 171,860
D) 454,250
Q. 3To change a fraction or mixed number to a percent, convert the mixed number to an improper fraction. Then divide the numerator by the denominator. Move the decimal point two places to the right and add a percent sign.
Indicate whether the statement is true or false
Q. 4The inventory valuation method which assumes that the cost of each unit of inventory is the average cost of all goods available for sale during the accounting period is called the ____________________ method.
Fill in the blank(s) with correct word
Q. 5To convert a percent to a fraction, write the percent number as the numerator and 1000 as the denominator.
Indicate whether the statement is true or false
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