The Gross Profits for January at Tower Center for the Five

question 33

Short Answer

The gross profits for January at Tower Center for the five departments were:
Appliance Department, $20,000
Automotive Department, $10,000
Clothing Department, $56,000
Grocery Department, $260,000
Nursery Department, $14,000
Change each of the profit amounts to a percentage, rounded to the nearest tenth of a percent.
Appliances: __________ %
Automotive: __________ %
Clothing: __________ %
Grocery: __________ %
Nursery: __________ %

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Definitions:

Saver

An individual or entity that regularly saves money through traditional saving vehicles or investments, often with the goal of achieving financial security or accumulating wealth.

Financial Intermediary

Institutions that act as middlemen between savers and borrowers, including banks, investment funds, pension funds, and insurance companies.

Government's Expenditures

The total amount spent by a government on goods, services, and public projects within a specific period.

Market for Loanable Funds

A theoretical financial market where borrowers and lenders interact, with the loan interest rate being determined by supply and demand for funds.