Set Up an Equation That Can Be Used to Solve

question 17

Multiple Choice

Set up an equation that can be used to solve the problem. Solve the equation and answer the question asked.
-Melita Zuba made a $600,000 cash contribution to two charities, the American Brain Tumor Association and the National Brain Tumor Foundation. The amount received by the National Brain Tumor Foundation was 20%
Greater than the amount received by the American Brain Tumor Association. How much did the American
Brain Tumor Association receive?

• A) $327,272.73
• B) $600,000
• C) $272,727.27
• D) $500,000.00

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Definitions:

High-Low Method

A technique used in accounting and finance to estimate fixed and variable costs based on the highest and lowest levels of activity.

Factory Machine Hours

A measure of production time, indicating the total hours that machinery is operated in the manufacturing process.

Power Costs

The expenses incurred by a company for the electricity or energy used in its operations.

Sales Price

The amount of money for which a product or service is sold to the customer.