Problema Solution
You assess Store #351 who has an NSF Dollar amount of $7,281 and a Total receivables amount of $98,256. What is the NSF% of Total Dollar amount?
Answer provided by our tutors
The phrase 'NSF Dollar' should be clearly explained. We assume that a store has $7,281 out of a total of $98,256, so the percentage is obtained by dividing the two numbers and multiplying by 100 (to convert the ratio from a decimal to percentage):
(7281/98256)100
7.41023
So approximately 7.4% is the total dollar amount [and, yes, the 'NSF% of Total Dollar' should be explained].