Write Each Decimal Number in Scientific Notation $7.048 \times 10 ^ { - 3 }$

question 27

Multiple Choice

Write each decimal number in scientific notation.
-0.007048

• A) \(7.048 \times 10 ^ { - 3 }\)
• B) \(7.048 \times 10 ^ { - 2 }\)
• C) \(70.48 \times 10 ^ { - 3 }\)
• D) \(7.048 \times 10 ^ { 3 }\)
• E) None of these

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Definitions:

Acid Test Ratio

A liquidity ratio; those assets that are most easily converted to cash are divided by current liabilities to indicate ability to pay off short-term debt. Also called quick ratio.

Quick Assets

Assets that can be quickly converted into cash without significantly affecting their value, such as stocks and receivables.

Current Liabilities

Current liabilities are a company's debts or obligations that are due to be paid within a year, including accounts payable, short-term loans, and accrued expenses.

Debt to Equity Ratio

A financial ratio indicating the relative proportion of shareholders' equity and debt used to finance a company's assets.