Accounts Payable

question 9

Multiple Choice

Accounts payable

• A)have specific due dates.
• B)are long-term liabilities.
• C)are estimated liabilities.
• D)are amounts owed to suppliers for products and services purchased on credit.
• E)all of these.

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Definitions:

Standard Error

A statistical measure that estimates the accuracy with which a sample distribution represents a population, often used in the calculation of confidence intervals.

Fill Weights

The predetermined or measured weights of product that fill a container or package.

Standard Deviation

An indicator showing how much a group of values diverges or spreads out.

Finite Population Correction Factor

A factor applied to the calculation of standard errors when sampling from a finite population to adjust for the sample size relative to the population size.