Find the Exact Value of Without Using a Calculator

question 33

Multiple Choice

Find the exact value of without using a calculator.

• A) 1.25
• B) 5
• C) 2
• D) 3
• E) 2.5

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Definitions:

Lock Box System

A banking service provided to companies for speeding up collection of payments by having those payments sent directly to a bank's PO box, rather than to the company.

Clearing Time

The period between the initiation of a transaction and its settlement, during which the transaction is processed and validated.

Working Capital

The difference between a company's current assets and current liabilities, indicating the short-term liquidity and operational efficiency of the business.

Working Capital

The difference between a company's current assets and current liabilities, indicating the short-term financial health and operational efficiency of a business.