1/5 of All Sales Were for Cash

question 74

Short Answer

1/5 of all sales were for cash. If cash sales were $4,000, what were total sales?

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Definitions:

Bequest

A gift of personal property by means of a will.

Beneficiaries

Individuals or entities entitled to benefits or proceeds from a will, insurance policy, trust, or other financial instruments.

Endowments

Funds or property donated as a source of income, where the principal is typically kept intact in perpetuity or for a defined time period.

Investment Income

Refers to the money earned from various investments, including dividends, interest, or capital gains from securities, real estate, and other assets.