Solve the Following Proportion for the Unknown Quantity: 9: 7

question 129

Short Answer

Solve the following proportion for the unknown quantity: 9: 7 = 54: b, to one decimal place.

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Definitions:

Wages Expense

The total cost incurred by a company for paying its employees, often reflected as an operating expense on the income statement.

Rent Expense

The cost incurred by a business to utilize property or equipment for operations, which is recorded as an expense on the income statement.

Depreciation Expense

The portion of the cost of a fixed asset that is recorded as an expense each year of its useful life.

Working Capital

Current assets minus current liabilities, indicating the liquidity available to a business for day-to-day operations.