menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Certification
  3. Study Set
    ASVAB: Armed Services Vocational Aptitude Battery Comprehensive Examination
  4. Exam
    Exam 2: Math: Math Tricks
  5. Question
    A Small Firm Allocates 28% of Its Gross Profits into an Account
Solved

A Small Firm Allocates 28% of Its Gross Profits into an Account

Question 18

Question 18

Multiple Choice

A small firm allocates 28% of its gross profits into an account for insurance. Last year, the firm's gross profit was $400,000. What amount was deposited into the insurance account?


A) $100,000
B) $108,000
C) $109,500
D) $112,000
E) $128,000

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q13: Every five minutes a baby is born

Q14: Seven/Twelve has $4 million in sales over

Q15: Kathleen projects her expenditures for purchasing office

Q16: A car that regularly sells for $29,600

Q17: What is 2/9?<br>A) .17<br>B) .19<br>C) .1818<br>D) .2222<br>E)

Q19: What is 5/6?<br>A) .8<br>B) .8444<br>C) .8333<br>D) .825<br>E)

Q20: What is 5/12?<br>A) .41666<br>B) .42<br>C) .4333<br>D) .41333<br>E)

Q21: Olivia has $5,000 to invest. She invests

Q22: A man buys a piece of land

Q23: A video store is offering a 7%

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines