Question

If the net capital is less than $600,000, what is 120% of the requirement?

Answer 1

To find 120% of a number, you can multiply the number by 1.2.

Step-by-step explanation:

The question is asking for 120% of a requirement when the net capital is less than $600,000. To find 120% of a number, you can multiply the number by 1.2. In this case, the requirement is the net capital. So, 120% of the requirement is found by multiplying the requirement by 1.2.

Let's say the requirement is $500,000. To find 120% of $500,000, we multiply $500,000 by 1.2: $500,000 * 1.2 = $600,000.

So, if the net capital is less than $600,000, then 120% of the requirement is $600,000.