To Convert an Improper Fraction into a Mixed Fraction, the First

question 7

Multiple Choice

To convert an improper fraction into a mixed fraction, the first step is to

• A) divide the denominator by the numerator
• B) divide the numerator by the denominator
• C) multiply the denominator and the numerator
• D) add the numerator and the denominator

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Definitions:

Periodic System

A method of inventory valuation for financial reporting purposes where a physical count of the inventory is performed at specific intervals to determine the ending inventory balance and the cost of goods sold.

Merchandise Inventory

Goods or products that a retail or wholesale company holds for the purpose of selling them to customers.

Goods On Consignment

Merchandise that is sent to a retailer by the vendor to be sold but remains the property of the vendor until sold.

Damaged Goods

Items that are broken, defective, or impaired in some way, which typically reduce their value or usefulness.