Classify the fractions as proper or improper.
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1
REVIEW OF WHOLE NUMBERS AND INTEGERS
1-1
PLACE VALUE AND OUR NUMBER SYSTEM
1-2
OPERATIONS WITH WHOLE NUMBERS AND INTEGERS
2
REVIEW OF FRACTIONS
2-1
FRACTIONS
2-2
ADDING AND SUBTRACTING FRACTIONS
2-3
MULTIPLYING AND DIVIDING FRACTIONS
3
DECIMALS
3-1
DECIMALS AND THE PLACE-VALUE SYSTEM
3-2
OPERATIONS WITH DECIMALS
3-3
DECIMAL AND FRACTION CONVERSIONS
4
BANKING
4-1
CHECKING ACCOUNT TRANSACTIONS
4-2
BANK STATEMENTS
5
EQUATIONS
5-1
EQUATIONS
5-2
USING EQUATIONS TO SOLVE PROBLEMS
5-3
FORMULAS
6
PERCENTS
6-1
PERCENT EQUIVALENTS
6-2
SOLVING PERCENTAGE PROBLEMS
6-3
INCREASES AND DECREASES
7
BUSINESS STATISTICS
7-1
GRAPHS AND CHARTS
7-2
MEASURES OF CENTRAL TENDENCY
7-3
MEASURES OF DISPERSION
8
TRADE AND CASH DISCOUNTS
8-1
SINGLE TRADE DISCOUNTS
8-2
TRADE DISCOUNT SERIES
8-3
CASH DISCOUNTS AND SALES TERMS
9
MARKUP AND MARKDOWN
9-1
MARKUP BASED ON COST
9-2
MARKUP BASED ON SELLING PRICE AND MARKUP COMPARISONS
9-3
MARKDOWN, SERIES OF MARKDOWNS, AND PERISHABLES
10
PAYROLL
10-1
GROSS PAY
10-2
PAYROLL DEDUCTIONS
10-3
THE EMPLOYERS PAYROLL TAXES
11
SIMPLE INTEREST AND SIMPLE DISCOUNT
11-1
THE SIMPLE INTEREST FORMULA
11-2
ORDINARY AND EXACT INTEREST
11-3
PROMISSORY NOTES
12
CONSUMER CREDIT
12-1
INSTALLMENT LOANS AND CLOSED-END CREDIT
12-2
PAYING A LOAN BEFORE IT IS DUE: THE RULE OF 78
12-3
OPEN-END CREDIT
13
COMPOUND INTEREST, FUTURE VALUE, AND PRESENT VALUE
13-1
COMPOUND INTEREST AND FUTURE VALUE
13-2
PRESENT VALUE
14
ANNUITIES AND SINKING FUNDS
14-1
FUTURE VALUE OF AN ANNUITY
14-2
SINKING FUNDS AND THE PRESENT VALUE OF AN ANNUITY
15
BUILDING WEALTH THROUGH INVESTMENTS
15-1
STOCKS
15-2
BONDS
15-3
MUTUAL FUNDS
16
MORTGAGES
16-1
MORTGAGE PAYMENTS
16-2
AMORTIZATION SCHEDULES AND QUALIFYING RATIOS
17
DEPRECIATION
17-1
DEPRECIATION METHODS FOR FINANCIAL STATEMENT REPORTING
17-2
DEPRECIATION METHODS FOR IRS REPORTING
18
INVENTORY
18-1
INVENTORY
18-2
TURNOVER AND OVERHEAD
19
INSURANCE
19-1
LIFE INSURANCE
19-2
PROPERTY INSURANCE
19-3
MOTOR VEHICLE INSURANCE
20
TAXES
20-1
SALES TAX AND EXCISE TAX
20-2
PROPERTY TAX
20-3
INCOME TAXES
21
FINANCIAL STATEMENTS
21-1
THE BALANCE SHEET
21-2
INCOME STATEMENTS
21-3
FINANCIAL STATEMENT RATIOS
Textbook Solutions for Business Math,
Chapter 2-1 Problem 28
Question
McDonalds reported profits of approximately $4,000 million and revenues of approximately $24,000 million. Compare the profit to revenue by writing as a fraction in lowest terms.
Solution
Problem 28
McDonalds reported profits of approximately $4,000 million and revenues of approximately $24,000 million. Compare the profit to revenue by writing as a fraction in lowest terms.
Step by Step Solution
Step1 of 3
Profit =numerator=4000
Revenue=Denominator=24000
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full solution
Title
Business Math, 9
Author
Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
ISBN
9780135108178