What Is the Median in the Following Set Onumbers: 200

question 34

Multiple Choice

What is the median in the following set onumbers: 200, 300, 500, 600, 600?

• A) 200
• B) 350
• C) 440
• D) 500
• E) 600

---

Definitions:

Allowance for Doubtful Accounts

An accounting provision made for potential future bad debts that might arise from credit sales being unpaid.

Uncollectible Accounts

Receivables that are considered to be uncollectable and are written off as a loss because payment is highly unlikely.

Net Credit Sales

The total value of sales made on credit during a period, minus any returns or allowances.

Income Statement Approach

A way of preparing financial statements where the focus is on determining net income or loss by subtracting expenses from revenues.