Use Front-End Rounding to Estimate the Sum $187 + 610 + 2,008 + 7585 + 52,594$

question 9

Multiple Choice

Use front-end rounding to estimate the sum: $187 + 610 + 2,008 + 7585 + 52,594$

• A) 61,900
• B) 71,100
• C) 61,000
• D) 60,800

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Definitions:

Market Value

The present cost at which a good or service is available for purchase or sale in a marketplace.

Offer

A proposal by a party to enter into a contract with another party, specifying the terms by which they are willing to engage in a transaction.

Business Entity Concept

An accounting principle that treats a company as an entity separate from its owners or shareholders for recording and reporting purposes.

Economic Unit

An individual, company, or country engaging in economic activities, considered as a single entity in analyses.