Estimation of Many Percent Problems Can Be Done with Familiar

question 14

Multiple Choice

Estimation of many percent problems can be done with familiar numbers.Identify the idea that would not support estimation.

• A)Substitute a close percent that is easy to work with.
• B)Use a calculator to get an exact answer.
• C)Select numbers that are compatible with the percent to work with.
• D)Convert the problem to one that is simpler.

---

Definitions:

Cash Account

A financial account that records cash transactions including receipts and payments.

Credit

A financial record that raises a liability or equity account, or reduces an asset or expenditure account.

Debit

A debit is an accounting entry that results in either an increase in assets or expenses or a decrease in liabilities or equity on a company's balance sheet.

Owner's Equity

The residual interest in the assets of the entity after deducting liabilities, representing the owner's claim on the business assets.