Which of the Following Are True About the ROUND Function

question 10

Multiple Choice

Which of the following are true about the ROUND function?

• A) If the number of digits argument is equal to 0 (zero),then the number is rounded to the nearest integer.
• B) If the number of digits argument is not included,then the number is rounded to 10 times the current value.

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Definitions:

Fixed Monthly Expenses

Regularly occurring costs that remain the same each month, such as rent or salaries.

Contribution Format Income Statement

An income statement format that separates fixed costs from variable costs and is used to calculate the contribution margin.

Unit Sales

The quantity of products sold by a company, not accounting for any bulk, wholesale, or grouping discounts.

Margin of Safety

The difference between actual sales and the break-even point, indicating the amount by which sales can drop before a business incurs a loss.