First Use Front-End Rounding to Write an Estimate of the Answer

question 143

Multiple Choice

First use front-end rounding to write an estimate of the answer, and then add the decimals to obtain an exact answer.
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• A)Estimate: 15, exact: 15.3322
• B)Estimate: 16, exact: 15.3422
• C)Estimate: 14, exact: 14.3322
• D)Estimate: 14, exact: 14.3422

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Definitions:

Equity

The worth of an owner's stake in a business or property, determined by deducting debts from the total assets.

Assets

Resources owned or controlled by a business, expected to produce future economic benefits.

Net Assets

The total assets of a company minus all of its liabilities, representing the owners' equity.

Liabilities

Obligations of a company or organization due to past transactions or events, resulting in the future sacrifice of economic benefits.