Evaluate the Logarithm Using the Change of Base Formula

question 79

Multiple Choice

Evaluate the logarithm using the change of base formula. Round to 3 decimal places.

• A)2.468
• B)2.921
• C)11.060
• D)5.684
• E)0.342

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Definitions:

Sales

The total amount of revenue generated from the sale of goods or services by a company during a specific period.

Gross Method

An accounting method for recording purchases at the invoice price without deducting any cash discounts offered.

Sales Discounts

A reduction in the price of goods or services offered to customers to encourage prompt payment.

Discount Period

The time frame in which a payment can be made with a discount for early payment, often used in terms of sales and accounts receivable to encourage prompt payment.