Compare and Contrast the Important Similarities and Differences Between Bar

question 8

Essay

Compare and contrast the important similarities and differences between bar charts and histograms. In what context should a bar chart be used? Explain why there are gaps between the bars on a bar chart. In what context should a histogram be used? Explain why there are no gaps between the bars on a histogram.

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Definitions:

Current Asset

An asset that is expected to be converted into cash, sold, or consumed within a year or the operating cycle, whichever is longer.

Gross Margin Ratio

A fiscal gauge that assesses the amount of profit remaining from sales once the expenses for producing the goods have been subtracted.

Net Sales

Total revenue from sales minus returns, allowances for damaged or missing goods, and any discounts allowed.

Cost of Goods Sold

Direct expenditures linked to the manufacture of a company's products for sale, covering both materials and labor.