Table of contents

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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

Financial Accounting

4. Merchandising Operations

Net Sales

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Multiple Choice

Janet has \$40. She gives \$25 to Emma. What percentage of Janet's original money does Emma now have?

50\%

40\%

25\%

62.5\%

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Verified step by step guidance

Step 1: Identify Janet's original amount of money, which is $40.

Step 2: Determine the amount Janet gives to Emma, which is $25.

Step 3: Calculate the percentage of Janet's original money that Emma now has using the formula: $ \text{Percentage} = \frac{\text{Amount given to Emma}}{\text{Janet's original money}} \times 100 $.

Step 4: Substitute the values into the formula: $ \text{Percentage} = \frac{25}{40} \times 100 $.

Step 5: Simplify the fraction and multiply by 100 to find the percentage.