Question
6. Financial statements use the formula working Capital = current Assets - current Liabilities. The formula can be written in symbols as C=A-L. Solve the
6. Financial statements use the formula working Capital = current Assets - current Liabilities. The formula can be written in symbols as C=A-L. Solve the formula for A
A =____?
7. Total of installment payments
The formula, installment Payment = Number of payments is used to find the
T = the amount of each installment payment for a loan. The formula can be written in symbols as P=
-. Solve the
N formula for T.
8. The formula for the total of installment payments of an item purchased with financing is
Total of installment payments = Installment price - Down payment. The formula can be written in symbols as T=|- D. Solve the formula for D
D=___?
9. The formula, Total price = Unit price Number of units, is used to find the total price of the product. The formula can be written in symbols as T= UN.
Solve the formula for N.
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