Perform the Indicated Operation $$\frac { 7 } { 21 } - \frac { 3 } { 21 }$$

question 47

Multiple Choice

Perform the indicated operation. Where possible, reduce the answer to its lowest terms.
- $$\frac { 7 } { 21 } - \frac { 3 } { 21 }$$

• A) \(\frac { 1 } { 2 }\)
• B) \(\frac { 1 } { 3 }\)
• C) \(\frac { 4 } { 21 }\)
• D) \(\frac { 4 } { 7 }\)

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Definitions:

Sales On Account

Transactions where goods or services are sold on credit, with payment to be received at a later date.

Cost Of Goods Sold

Direct expenses incurred in the production of a company's goods, including the costs of labor and materials.

Inventory Turnover

A measure of how many times a company's inventory is sold and replaced over a period.

Dividends

Funds disbursed by a company to its stockholders, typically as a share of earnings.