Find the Ratio. Simplify, If Possible

question 84

Multiple Choice

Find the ratio. Simplify, if possible.
-David's paycheck for a week at the video store was $122.09. If he worked 29 hours that week, what was his pay rate?

• A) $4.21/hour
• B) $4.36/hour
• C) $3.92/hour
• D) $4.17/hour

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Definitions:

Bond Maturity

The date on which a bond's principal amount is paid back to bondholders, also marking the end of the bond's interest payments.

Bond Discount

The difference between the face value of a bond and its selling price when the bond is sold for less than its face value.

Impairment Loss

The amount by which the carrying value of an asset exceeds its recoverable amount, leading to a reduction in the asset's value on the balance sheet.

Realized Profit

Earnings that are generated and recorded when assets are sold for a price higher than their purchase cost.