Multiply the Fractions and Simplify to Lowest Terms

question 241

Short Answer

Multiply the fractions and simplify to lowest terms. Write the answer as an improper fraction when necessary.

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Definitions:

Journal Entry

A record of financial transactions entered in a journal, a fundamental part of the double-entry bookkeeping system.

Carrying Value

Carrying value, or book value, is the net amount at which an asset or liability is valued on a balance sheet, factoring in its original cost minus depreciation, amortization, or impairment costs.

Retirement

the point in time when an individual chooses to leave the workforce permanently.

Gain Or Loss

The positive or negative financial result obtained from an investment, sale of assets, or other transactions, compared to the original cost.