Pita Corporation's management has budgeted the following amounts for its next fiscal year: Total fixed expenses $490,000 Selli
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Answer is below.
<em>(Note to asker: Lack of explanations can get my answer deleted)</em>
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<u><em>Step 1</em></u>
We'll to isolate the variable, but to do that, get rid of the coefficient that multiplies it.
To do that, divide both sides by 22.
<em><u>Step 2.</u></em>
Now we have divided both sides by 22, but we'll need to reduce the fraction .
We can reduce the fraction by dividing the factors that are in the numerator and denominator.
That being said, 22 appears both in the numerator and denominator.
<u><em>Step 3</em></u>
Now, for , we'll need to reduce it to the lowest terms. Like in the 2nd step, we'll divide factors that are in the numerator and denominator.
That being said, 2 appears both in the numerator and denominator.
Hence, M = 5/11