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" Divide the sum of the products by the sum of the debts, and the quotient will be the average term of credit, estimated from the date selected. "
The New Normal Written Arithmetic: Designed for Common Schools, Normal ... - Page 314
by Edward Brooks - 1877 - 421 pages
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Machinists' and Draftsmen's Handbook: Containing Tables, Rules, and Formulas ...

Peder Lobben - Mechanical engineering - 1899 - 460 pages
...different lengths of time, the average time is calculated by this rule: Multiply the debt by the time ; divide the sum of the products by the sum of the debts, and the quotient is the time when all the debts may be considered due. EXAMPLE. A owed li $000, due in 7 months ; $200...
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A Treatise on Bookkeeping and Stenography ...

International Correspondence Schools - Bookkeeping - 1899 - 650 pages
...of credit is from Mar. 1 to June 25, or 116 days. We multiply each debt by its term of credit, and divide the sum of the products by the sum of the debts. The quotient, 68 days, is the number of days after Mar. 1 when one payment of the whole indebtedness...
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Lippincott's Practical Arithmetic: Embracing the Science and Practical ...

James Morgan Rawlins - Arithmetic - 1899 - 458 pages
...= ty = 4J mo. Hence the rule, briefly stated, is : 1. Multiply the debts by the terms of credit. 2. Divide the sum of the products by the sum of the debts. PROBLEMS. 1. Equate the time for payment of $400, due in 3 mo. ; $600, due in 7 mo. ; and $300, due...
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For 6th-8th grade

George Edward Atwood - Arithmetic - 1899 - 392 pages
...terms of credit begin at the same time. RULE. — • Multiply each debt by its term of credit and divide the sum of the products by the sum of the debts. The quotient will be the average term of credit. Add the average term of credit to the date at which...
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The Normal Standard Arithmetic, Part 2

Edward Brooks - Arithmetic - 1899 - 204 pages
...2600 months, which is 3J months. Hence the Rule. — Multiply each debt by its term of credit, and divide the sum of the products by the sum of the debts; the quotient will be the average term of credit. 1. Cents in any of the payments may be rejected when...
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The Model Practical Arithmetic

Edward Gideon - 1902 - 272 pages
...4 mo . 317. Rule to Find the Average Term of Credit. Multiply each debt by its term of credit, and divide the sum of the products by the sum of the debts. The quotient mil be the average term of credit required. Problems. 1. Find the average term of credit...
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Handbook to Smith's Arithmetic

David Eugene Smith - Arithmetic - 1905 - 144 pages
...following is true: To find the average term of credit, multiply each debt by its term of credit and divide the sum of the products by the sum of the debts. The following examples may be used if desired: 1. A owes B $30 due in 4 mo., $40 due in 5 mo., and...
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I.C.S. Reference Library: A Series of Textbooks ...

Civil engineering - 1906 - 590 pages
...first debt is due, find the term of credit for each debt. Multiply each debt by its term of credit, and divide the sum of the products by the sum of the debts. The quotient to the nearest integer will be the number of days from the date of reference to the equated...
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The New International Encyclopæeia, Volume 7

Daniel Coit Gilman, Harry Thurston Peck, Frank Moore Colby - Encyclopedias and dictionaries - 1909 - 886 pages
...by either the debtor or creditor. The common rule is : Multiply each debt by its term of credit, and divide the sum of the products by the sum of the debts. The quotient will be the average term of credit. This added to the date from which the credits were...
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Machinists' and Draftsmen's Handbook: Containing Tables, Rules and Formulas ...

Peder Lobben - Mechanical engineering - 1922 - 512 pages
...different lengths of time, the average time is calculated by this rule: Multiply the debt by the time ; divide the sum of the products by the sum of the debts, and the quotient is the time when all the debts may be considered due. EXAMPLE. A owed B $600, due in 7 months ; $200...
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