Table of contents

1. Introduction to Accounting1h 21m
2. Transaction Analysis1h 13m
3. Accrual Accounting Concepts2h 38m
4. Merchandising Operations2h 30m
5. Inventory1h 55m
6. Internal Controls and Reporting Cash1h 16m
7. Receivables and Investments3h 8m
8. Long Lived Assets5h 1m
9. Current Liabilities2h 19m
10. Time Value of Money1h 23m
- Time Value of Money Equations
  35m
- Using Time Value of Money Tables
  47m
11. Long Term Liabilities2h 45m
12. Stockholders' Equity2h 15m
13. Statement of Cash Flows2h 24m
14. Financial Statement Analysis5h 25m
15. GAAP vs IFRS56m

4. Merchandising Operations

Net Sales

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Multiple Choice

Anna pays $15 per class for yoga sessions. If she wants her total monthly cost for classes to equal $120, how many classes can she take in a month?

10 classes

12 classes

6 classes

8 classes

Verified step by step guidance

Step 1: Identify the cost per yoga class, which is $15, and the total monthly cost Anna wants to spend, which is $120.

Step 2: Set up an equation to represent the relationship between the number of classes (x) and the total cost: $ 15x = 120 $.

Step 3: Solve for x by dividing both sides of the equation by 15: $ x = \frac{120}{15} $.

Step 4: Simplify the division to determine the number of classes Anna can take: $ x = 8 $.

Step 5: Verify the solution by multiplying the number of classes (8) by the cost per class ($15) to ensure the total equals $120.

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