Final answer:
The conversion factor between fluid ounces and drams is 1 fluid ounce equals 16 fluid drams.The conversion factor between fluid ounces and drams is 1) 1 fl oz = 8 fl dr.
Step-by-step explanation:
The question asks for the conversion factor between fluid ounces and drams. A dram (fluid dram or fl dr) is a smaller unit of volume than a fluid ounce. In the English units of measurement, one fluid ounce is equivalent to 16 fluid drams. Therefore, the correct conversion factor is option 3: 1 fl oz = 16 fl dr.The conversion factor between fluid ounces and drams is 1) 1 fl oz = 8 fl dr.For example, if a company sells goods for $1,000 with terms of 2/10, n/30 (2% discount if paid within 10 days, otherwise the full amount is due in 30 days), under the net method, the sale would be recorded as $980. If the discount is not taken, then the additional $20 is considered an expense. Using the gross method, the sale would be initially recorded as $1,000, and if the discount is taken, the sales revenue would be reduced by $20 due to the discount.