Perform the Indicated Operations and Simplify $\left( \frac { - 3 } { 8 } \right) \times \left( - 3 \frac { 1 } { 5 } \right)$

question 149

Multiple Choice

Perform the indicated operations and simplify. $\left( \frac { - 3 } { 8 } \right) \times \left( - 3 \frac { 1 } { 5 } \right)$

• A) \(1 \frac { 1 } { 5 }\)
• B) \(2 \frac { 1 } { 7 }\)
• C) \(3 \frac { 1 } { 5 }\)
• D) \(1 \frac { 1 } { 6 }\)
• E) \(1 \frac { 1 } { 7 }\)

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Definitions:

Allowance for Doubtful Accounts

A contra asset account on a company’s balance sheet that represents the amount of receivables it does not expect to collect.

Credit Sales

Sales transactions where the customer is allowed to pay at a later date, typically generating accounts receivable.

Bad Debt Expense

Represents the expense associated with accounts receivable that a company does not expect to collect.

Service Charge Expense

Costs charged to customers for services provided, including fees for maintenance, support, or other service-related activities.