Convert to the Decimal Equivalent (Round to Hundredths If Necessary) $$14 \frac { 5 } { 8 }$$

question 27

Multiple Choice

Convert to the decimal equivalent (round to hundredths if necessary) : $$14 \frac { 5 } { 8 }$$

• A) 14.625
• B) 14.6
• C) 14.63
• D) 14.00

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Definitions:

Fair Value

A financial metric that represents the price at which an asset would be bought or sold in an orderly transaction between market participants at the measurement date.

Journal Entries

Journal entries are records in financial accounting that document transactions in chronological order, affecting at least two accounts.

Not-for-Profit

An organization that operates for purposes other than generating profit, focusing instead on serving a public or mutual benefit.

Five-step Progression

A sequential approach or methodology, often applied to processes requiring stages of development or evaluation.