Solve the Formula for the Indicated Variable $\mathrm { A } = \mathrm { P } ( 1 + \mathrm { nr } )$

question 107

Multiple Choice

Solve the formula for the indicated variable.
- $\mathrm { A } = \mathrm { P } ( 1 + \mathrm { nr } )$ , for $\mathrm { r }$

• A) \(r = \frac { A } { n }\)
• B) \(r = \frac { P n } { A - P }\)
• C) \(\mathrm { r } = \frac { \mathrm { A } - \mathrm { P } } { \mathrm { Pn } }\)
• D) \(r = \frac { P - A } { P n }\)

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Definitions:

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Periodic Inventory System

An inventory system that updates inventory balance and cost of goods sold at the end of an accounting period, not continuously.

Economic Entity Assumption

An accounting principle that states a company and its owner(s) are separate entities for financial reporting purposes.

Expenses

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