1200.00 * 0.12 = 144
120000
3% of 120000 = 3% * 120000 = 0.03 * 120000 = 3600
It is 120000, exactly as it appears in the question!
120000
.025 is thicker than .012
DR CR Inventory 120000 Capital 120000 DR CR Inventory 120000 Capital 120000
2% of 120,000 = 2% * 120000 = 0.02 * 120000 = 2,400
70% of 120,000= 70% * 120000= 0.7 * 120000= 84,000
1% of 120,000= 1% * 120000= 0.01 * 120000= 1,200
120000
.012
what gauge is .012"?