Explanation Given Information: The provided expression is 2 3 ÷ 1 8 . Formula used: Steps for dividing fractions as: Step 1: Classify the fraction that is the divisor and invert. Step 2: Change the “divided by” sign, ÷ , to a “multiplied by” sign, × . Step 3: Multiply the fractions. Step 4: Reduce the answer to lowest terms if necessary. Calculation: Consider the provided expression, 2 3 ÷ 1 8 Classify the fraction that is the divisor and then multiply the fractions now invert the divisor, 1 8 to form its reciprocal 8 and change the sign from ÷ to × as shown below

Contemporary Mathematics for Business & Consumers

8th Edition

ISBN: 9781305585447

Author: Robert Brechner, Geroge Bergeman

Publisher: Cengage Learning

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Chapter 2, Problem 15AT

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To calculate: The value of the expression 23÷18, reduction to lowest term.

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Chapter 2, Problem 14AT

Chapter 2, Problem 16AT

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Last Chance Mine (LCM) purchased a coal deposit for $2,918,300. It estimated it would extract 18,950 tons of coal from the deposit. LCM mined the coal and sold it, reporting gross receipts of $1.24 million, $13 million, and $11 million for years 1 through 3, respectively. During years 1-3, LCM reported net income (loss) from the coal deposit activity in the amount of ($11,400), $550,000, and $502,500, respectively. In years 1-3, LCM extracted 19,950 tons of coal as follows: (1) Tons of Coal 18,950 Depletion (2) Basis (2)(1) Rate $2,918,300 $154.00 Tons Extracted per Year Year 1 4,500 Year 2 8,850 Year 3 6,600 Note: Leave no answer blank. Enter zero if applicable. Enter your answers in dollars and not in millions of dollars. a. What is LCM's cost depletion for years 1, 2, and 3? Cost Depletion Year 1 Year 2 Year 3

Chapter 2 Solutions

Contemporary Mathematics for Business & Consumers

Ch. 2.I - For each of the following, identify the type of...Ch. 2.I - Prob. 2TIE Ch. 2.I - Convert the following mixed numbers to improper...Ch. 2.I - Prob. 4TIE Ch. 2.I - Prob. 5TIE Ch. 2.I - Prob. 6TIE Ch. 2.I - Prob. 1RE Ch. 2.I - Prob. 2RE Ch. 2.I - Prob. 3RE Ch. 2.I - Prob. 4RE

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The value of the expression 2 3 ÷ 1 8 , reduction to lowest term.

Solution Summary: The author explains how to calculate the value of the expression 23fruc18, reducing it to lowest term.

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To calculate: The value of the expression 23÷18, reduction to lowest term.

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Chapter 2 Solutions