Multiply or Divide as Indicated $\frac { 8 } { 9 } \cdot \frac { 5 } { 7 }$

question 54

Multiple Choice

Multiply or divide as indicated.
- $\frac { 8 } { 9 } \cdot \frac { 5 } { 7 }$

• A) \(\frac { 63 } { 40 }\)
• B) \(\frac { 40 } { 63 }\)
• C) \(\frac { 13 } { 16 }\)
• D) \(\frac { 45 } { 56 }\)

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Definitions:

Net Method

The Net Method is an accounting procedure that records the purchase of goods or services after deducting any discounts for early payment.

Internal Control

The process implemented by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.

Purchase Discounts

A reduction in the price of goods bought, usually for early payment or in bulk quantity.

Net Method

An accounting technique that reports invoice amounts and accounts payable after deducting any available discounts for early payment.