How Many Significant Figures Are in Each of the Following

question 44

Multiple Choice

How many significant figures are in each of the following quantities?
i. 0.00062 kg
ii. 0.720 in.
iii. 4.150 × 103 lb
iv. 0.305 m3

• A) i. 2 ii. 2 iii. 3 iv. 3
• B) i. 2 ii. 2 iii. 4 iv. 3
• C) i. 5 ii. 3 iii. 4 iv. 3
• D) i. 2 ii. 3 iii. 4 iv. 3.
• E) i. 5 ii. 3 iii. 4 iv. 3.

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Definitions:

Depreciation Expense

Depreciation expense is the allocated amount of the cost of a tangible asset over its useful life, recognized in accounting to account for the decrease in the asset's value over time.

Net Income

The company's remaining earnings once all costs, taxes, and expenses are deducted from its total revenues.

Direct Method

A way of preparing the cash flow statement where actual cash receipts and payments are reported, rather than adjusting net income.

Net Cash Flow

The difference between a company's cash inflows and outflows in a given period.