Solve the Problem. -Jessie Has a Ribbon That Is 10.8 Yards Long. He

question 22

Multiple Choice

Solve the problem.
-Jessie has a ribbon that is 10.8 yards long. He wants to cut it into pieces that are 1.2 yards long. How many 1.2-yard pieces will he get from the ribbon?

• A)90 pieces
• B)9 pieces
• C)10 pieces
• D)8 pieces

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Definitions:

Employee Receivables

Amounts owed to a company by its employees, often due to overpayment or advancements.

Short-term Note Payable

A short-term note payable refers to a debt obligation that is due for repayment within a year or less.

Contingent Liability

A potential obligation that may arise depending on the outcome of a future event, not recognized on the balance sheet unless occurrence is probable and the amount can be reasonably estimated.

Estimated Liability

A potential financial obligation that may arise in the future, recognized in accounting based on probable expenditures.