Use McKay's Theorem to Find a Rational Number Between the Two

question 354

Short Answer

Use McKay's theorem to find a rational number between the two given rational numbers.
- $\frac { 1 } { 2 } \text { and } \frac { 3 } { 7 }$

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Definitions:

Honoring a Note

The act of paying off a note payable or bond at its maturity, fulfilling the issuer's obligation.

Note Receivable

A note receivable is a financial asset representing a written promise to receive a specific amount of money, with interest, from another party by a certain date.

Percent of Sales Method

A financial analysis tool used to forecast future expenses or accounts such as bad debts, based on a percentage of sales.

Bad Debts Expense

Represents the amount of accounts receivable a business does not expect to collect and charges off as a loss in its financial statements.