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Divide and Reduce 712÷1216=\frac { 7 } { 12 } \div \frac { 12 } { 16 } =

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Divide and reduce: 712÷1216=\frac { 7 } { 12 } \div \frac { 12 } { 16 } =


Definitions:

Operating Expenses

Expenses incurred during the normal operation of a business, not including the cost of goods sold.

Supplies Expense

The cost incurred from using supplies during an accounting period, recognized as an expense.

Net Income

The total profit of a business after all expenses and taxes have been subtracted from total revenue.

Inventory

Items that are held by a company for the purpose of selling in the near future or the materials used to produce those goods.

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