Rewrite as a Percent $\frac { 6 } { 7 }$

question 258

Multiple Choice

Rewrite as a percent.
- $\frac { 6 } { 7 }$

• A) \(85 \frac { 5 } { 7 } \%\)
• B) \(42 \frac { 6 } { 7 } \%\)
• C) \(17 \frac { 1 } { 7 } \%\)
• D) \(8 \frac { 4 } { 7 } \%\)

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Definitions:

Similar Asset

An asset that has comparable characteristics and functionality to another asset, often considered when evaluating replacements or equivalents.

Trade-In Allowance

The amount a seller allows a buyer for a fixed asset that is traded in for a similar asset.

Commercial Substance

Commercial substance is a concept in accounting that indicates a transaction significantly changes the economic situation of the parties involved.

Trade-In Allowance

The amount a seller credits to a buyer when the buyer returns a previously purchased item as part of the payment for a new item.