Solve the Problem. -During One Year, the Cheung's Real Estate Bill Included $200

question 267

Multiple Choice

Solve the problem.
-During one year, the Cheung's real estate bill included $200 for county services. Of this amount, $112 went to the highway department. What percent did the county highway department receive? (Round answer to two Decimal places.)

• A)56.00%
• B)44.00%
• C)11.20%
• D)55.50%

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Definitions:

Cash Payments

Transactions in which cash is used to settle debts, purchase goods, or services at the time of the purchase.

Cash Short

A situation where the amount of cash on hand is less than what is recorded on the books, often indicative of errors or theft.

Other Income

Refers to revenue generated from activities that are not part of a company's core business operations.

Income Statement

A financial document that shows a company's revenues, expenses, and net income over a specific period.