What Is the Range of the Following Set of Data

question 53

Multiple Choice

What is the range of the following set of data? 2, 15, 7, 9, 21, 14, 19, 13

• A) 8
• B) 12
• C) 19
• D) 21

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Definitions:

Gross Method

An accounting approach for recording purchases at the invoice’s gross amount without deducting any cash discounts for early payment.

Merchandise

Goods bought and sold in the course of business operations.

Periodic Inventory System

An accounting system that records inventory purchases during the accounting period but waits until the end of the period to adjust the inventory balances and record cost of goods sold.

Gross Method

An accounting practice for recording the full invoice amount of a sale without deducting any discounts offered.