To the Nearest Thousand, Estimated Ending Inventory Is

question 37

Multiple Choice

To the nearest thousand, estimated ending inventory is:

• A)$41,000.
• B)$37,000.
• C)$51,000.
• D)None of these is correct.The correct answer is $39,000 (rounded)

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Definitions:

Drawer

The person who issues or writes a negotiable instrument, such as a check, directing the payment of the specified amount of money.

Demand Instrument

A financial instrument that is payable immediately upon demand, such as a check or certain promissory notes.

Definition

A precise statement or description of the nature, scope, or meaning of something.

Check

A draft drawn by a drawer ordering the drawee bank or financial institution to pay a certain amount of money to the holder on demand.