Solve the Problem. Round to the Nearest Hundredth

question 180

Multiple Choice

Solve the problem. Round to the nearest hundredth.
-$521.81 is what percent of $59.31?

• A) 11.37%
• B) 1.10%
• C) 879.80%
• D) 8798.00%

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Definitions:

Accounting Equation

The fundamental equation of double-entry bookkeeping: Assets = Liabilities + Equity, representing the relationship between an entity’s resources and how those resources are financed.

Cash Dividends

Payments made by a corporation to its shareholder members, usually derived from the company’s profits.

Purchase

The act of obtaining goods or services in exchange for money, which can be recorded as an asset or expense depending on its use.

Account

A record in financial accounting that tracks the increase and decrease of financial values, such as assets, liabilities, revenues, and expenses.