Multiple Choice
Which of the following best describes how net sales are used to evaluate the actual weekly labor cost for a 13-person team compared to the target?
20
views
4. Merchandising Operations
Net Sales
Struggling with Financial Accounting?
Join thousands of students who trust us to help them ace their exams!Watch the first videoMultiple Choice
Clarence saved 19\% of the money he earned. If he earned \$90, how much did Clarence save?
A
\$21.00
B
\$71.10
C
\$17.10
D
\$19.00
Verified step by step guidance1
Step 1: Identify the percentage of money Clarence saved, which is 19%. This means he saved 19% of his earnings.
Step 2: Determine the total amount Clarence earned, which is $90.
Step 3: Use the formula to calculate the saved amount: Saved Amount = (Percentage Saved / 100) × Total Earnings. In MathML, this formula can be expressed as:
Step 4: Substitute the values into the formula: Saved Amount = (19 / 100) × 90.
Step 5: Perform the multiplication and division to find the saved amount. This will give you the final result.
9:04mWatch next
Master Net Sales:Sales Discounts (Gross Method) with a bite sized video explanation from Brian
Start learningRelated Videos
Related Practice
