Convert from Decimal Degrees to DMS (Degree/minute/sec) Notation

question 98

Short Answer

Convert from decimal degrees to DMS (degree/minute/sec) notation. Round to the nearest second.
8.3503°

Calculate and interpret vital formulas within merchandising financial statements, including gross profit and net income calculations.

Appreciate the nuances of inventory systems and their effect on the financial position statement.

Classify companies as merchandising entities versus other business types based on their primary source of revenue.

Understand the terminology and principles of accounting inventory systems.

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Definitions:

Deliberate Inefficiency

Intentionally lowering productivity or efficiency for strategic reasons, such as reducing the risk of job cuts.

Work In Process

Inventory that includes goods in the middle of the manufacturing process but not yet completed.

Materials Used

The raw materials and components consumed in the manufacturing or production process to create a finished product.

Statistical Control Chart

A graphical tool used in quality control processes to analyze how a process changes over time, monitoring variability and detecting trends or shifts.