Solve. -The Sum of One-Half a Number, One-Third of the Number

question 26

Multiple Choice

Solve.
-The sum of one-half a number, one-third of the number, and one-twelfth of the number is 44. Find the original number.

• A)53
• B)4
• C)48
• D)40

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Definitions:

Allowance Method

An accounting technique used to estimate and deduct bad debts from accounts receivable.

Accounts Receivable

Amounts owed to a business by its customers for goods or services delivered but not yet paid for.

Bankrupt

A legal status of a person or entity that cannot repay the debts it owes to creditors.

Allowance for Doubtful Accounts

A contra-asset account that represents the amount of accounts receivable that is expected to be uncollectible.