Simplify Your Answer Should Be in Lowest Terms $\frac { 1 } { 4 } + \frac { 3 } { 20 }$

question 244

Multiple Choice

Simplify. Your answer should be in lowest terms.
- $\frac { 1 } { 4 } + \frac { 3 } { 20 }$

• A) \(\frac { 1 } { 6 }\)
• B) \(\frac { 2 } { 5 }\)
• C) 1
• D) \(\frac { 1 } { 5 }\)

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Definitions:

Estimated Warranty Costs

The projected expenses a company expects to incur for repairing or replacing products under warranty.

Warranty Contracts

Agreements that guarantee the repair or replacement of a product within a specified time period if it fails to meet outlined conditions.

Contingent Liability

A potential obligation that may arise in the future, dependent on the occurrence of a specific event.

Financial Statement

Documents that provide an overview of a company's financial condition, including balance sheets, income statements, and cash flow statements.