Key Terms for Chapter 6

Description

Chapter 6 Key Terms of "Practical Business Math Procedures" by Jeffrey Slater
Laura Samuelson
Flashcards by Laura Samuelson, updated 4 months ago
Laura Samuelson
Created by Laura Samuelson 4 months ago
8
0

Resource summary

Question Answer
Base Number that represents the whole 100%. It's the whole to which something is being compared. Usually follows the word "of"
Percent Decrease Calculated by decrease in price over original amount
Percent Increase Calculated by increase in price over original amount
Percent Stands for hundredths. Example: 4% is 4 parts of one hundred 4/100
Portion Amount or part that results from multiplying the base times rate. Not expressed as a percent; it is expressed as a number
Rate Percent that is multiplied times the base that indicates what part of the base we are trying to compare to. Rate is not a whole number
Show full summary Hide full summary

Similar

Cost/Managerial Accounting Chapter 6 key terms
Stephanie Poole
QBO Chapter 7 Key Terms
Joel Johnson
QBO Chapter 9 important terms
Joel Johnson
Chapter 6 Key Terms
Katrina Smith
Chapter 6 Key Words
Joel Johnson
QBO Chapter 6 Key Terms
QUINLAN WILSON
QBO Chapter 6 Key Terms
Joel Johnson
Key Terms Chapter 6: Percents and Their Applications
JOHNA THARP
Chapter 6 Key Terms
Laney Feek
Computer Accounting with QuickBooks Online - Chapter 6 - Key Terms – Vendors and Expenses
Susan Esch
Chapter 6 key terms
Stephanie Poole