When Dealing with Significant Figures, the Best Practice Is Usually

question 18

Multiple Choice

When dealing with significant figures, the best practice is usually to

• A) Panic, as I don't like or understand significant figures
• B) Round after every step
• C) Ignore it and hope it goes away
• D) Round at the end of the full calculation
• E) Clear the calculator after each step and re-enter to be sure it is right

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Definitions:

Allowance for Doubtful Accounts

A contra asset account used to estimate the portion of a company's receivables that may not be collectible.

Bad Debts Expense

This is an expense reported on the income statement, reflecting the cost of credit sales that a company does not expect to collect.

Lesbians

Women who are emotionally, romantically, or sexually attracted to other women.

Gay Men

Male individuals who are emotionally, romantically, or sexually attracted to other males.