When You Simplify a Table for Your Report, You Should

question 56

Multiple Choice

When you simplify a table for your report, you should do all of the following except

• A) add a footnote to the table to inform readers when numbers are rounded up or down.
• B) round each percentage to its nearest whole when percentages total 100%.
• C) round down each number with a decimal less than 0.50.
• D) readjust every number in the table unless the total is 100%.
• E) round up an odd number with a decimal of 0.50.

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Definitions:

Compounded semi-annually

The method of computing interest by taking into account both the original amount of money deposited or lent and the interest that has been earned on that amount from past periods, with the calculation occurring semi-annually.

Perpetuity

A financial instrument that provides endless payments of a fixed amount of money, often used to model the value of stable companies.

Semi-annually

Occurring twice a year, or every six months.

Compounded

The method of calculating interest where the accumulated interest is added back to the principal sum, so that interest in the next period is then earned on the principal plus previously accumulated interest.