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SCENARIO 11-8
An important factor in selecting database software is the time required for a user to learn how to use the system.To evaluate three potential brands (A,B and C)of database software,a company designed a test involving five different employees.To reduce variability due to differences among employees,each of the five employees is trained on each of the three different brands.The amount of time (in hours)needed to learn each of the three different brands is given below:
Below is the Excel output for the randomized block design:
-Referring to Scenario 11-8,the amount of total variation or SST is .
Accrued Revenue
Revenue that has been earned but not yet received in cash or recorded, representing goods or services provided to a customer in one accounting period that are paid for in a later period.
Adjusting Entry
Journal entries made at the end of an accounting period to update account balances before preparing financial statements, ensuring they reflect the true financial position.
Service Revenue
Income earned by a company for the services it provides to customers, excluding revenue from the sale of goods.
Adjusting Entry
Journal entries made in accounting records at the end of an accounting period to update the accounts for accruals and deferrals.
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