Use Your Calculator to Evaluate the Following Expressions $\frac { 1 } { 5 } + \frac { 2 } { 3 } + \frac { 3 } { 15 }$

question 32

Multiple Choice

Use your calculator to evaluate the following expressions. If the value is
not exact, round your answer to four decimal places.
- $\frac { 1 } { 5 } + \frac { 2 } { 3 } + \frac { 3 } { 15 }$

• A) \(\frac { 16 } { 15 }\)
• B) \(\frac { 17 } { 12 }\)
• C) \(1 \frac { 1 } { 12 }\)
• D) \(\frac { 17 } { 15 }\)
• E) None of these

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Definitions:

QuickBooks

An accounting software package developed and marketed by Intuit, aimed primarily at small and medium-sized businesses.

Purchasing Cycle

The sequence of steps or processes involved in the acquisition of goods or services, from the identification of a need, through the procurement process, to the payment of the invoice.

Purchase Order

A formal document issued by a buyer to a seller, detailing the products or services ordered and the agreed-upon prices.

Inventory Account

An account in the general ledger that tracks the value of a company's products that are intended for sale.