What Does the Σ Symbol Represent

question 61

Multiple Choice

What does the Σ symbol represent?

• A)the mean
• B)the sum of values
• C)the sample size
• D)an individual score

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Definitions:

Sales

The total amount of goods or services sold by a company, also a critical indicator of a company's performance and market demand.

Cost of Goods Sold

Cost of Goods Sold is the total of all expenses directly related to the manufacturing or purchasing of products that a company sells during a period.

Days in Receivables

Days in Receivables, often referred to as Days Sales Outstanding (DSO), measures the average number of days it takes a company to collect payment after a sale has been made.

Accounts Receivable

This term refers to the money that is owed to a company by its customers for goods or services that have been delivered but not yet paid for.