Final answer:
4% is equivalent to 0.04 in decimal form, which is calculated by dividing 4 by 100. This is useful for financial calculations such as determining a company's expenditure on developments or assessing investment returns.
Step-by-step explanation:
The equivalent value of 4% is 0.04 in decimal form. To find this, you can divide 4 by 100. This conversion is essential when calculating percentages in various financial contexts, such as determining the part of a budget allocated to a particular expense or investment. For instance, if a company's annual budget is $100,000, then 4% of this budget would be 0.04 multiplied by $100,000, resulting in $4,000 spent on developing a new machine. It should be noted that understanding how to convert percentages to decimals is fundamental for evaluating the financial implications of investments. It's particularly relevant in the case of the Gizmo Company, which is considering the return on investment for new household gadgets. If the Gizmo Company is making an investment with an expected 6% return, which in turn results in an 11% return for society, calculating the societal benefit requires converting these percentages into decimal format first.