Use the Following Dataset to Answer the Following Question - What Is the Unit of Observation?
A) Month-Tenure
B)

question 18

Multiple Choice

Use the following dataset to answer the following question. $$\begin{array} { | l | c | c | c | r | } \hline { \text { Name } } & \text { Month } & \text { Cormnissimm } & \text { Tenure } & \text { Travel Expense } \\\hline \text { Sophie Castro } & 1 & \$ 48,000 & 4 \text { years } & \$ 11,000 \\\hline \text { Travis Turner } & 1 & \$ 53,000 & \text { 7 years } & \$ 21,000 \\\hline \text { Elias Harsent } & 2 & \$ 67,000 & 10 \text { years } & \$ 7,000 \\\hline \text { Armanda Garza } & 2 & \$ 72,000 & 8 \text { years } & \$ 14,000 \\\hline\end{array}$$
- What is the unit of observation?

• A) Month-tenure
• B) Person-month
• C) Month
• D) Tenure

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Definitions:

Cash Realizable Value

The amount of cash expected to be received from assets or receivables after accounting for discounts or allowances.

Accounts Receivable

Money owed to a business by its customers for goods or services provided on credit.

Allowance

An accounting practice that reduces the value of assets or income for the purpose of conservative financial reporting and tax savings.

Percentage of Receivables Method

The percentage of receivables method is an accounting technique used to estimate the amount of a company's accounts receivable that will not be collected, based on past experience.