Use a Calculator to Find an Approximate Value, Rounded to Four

question 43

Multiple Choice

Use a calculator to find an approximate value, rounded to four decimal places. log 0.078

• A)\(\approx\) -1.7313
• B) \(\approx\) -1.4066
• C) \(\approx\) -1.1079
• D) \(\approx\) -0.1667

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Definitions:

Notes Receivable

Financial assets representing amounts owed to a company by debtors, typically evidenced by formal instruments with specified payment terms.

Factoring Fee

A charge assessed for the service of factoring, where a business sells its receivables to a third party at a discount.

Accounts Receivable

The money owed to a business by its customers for goods or services delivered or used but not yet paid for, considered a current asset on the balance sheet.

Promissory Note

A Promissory Note is a financial instrument wherein one party promises in writing to pay a determinate sum of money to another, either at a fixed or determinable future time.