A Business Renders Services to a Customer for $16 000

question 47

Multiple Choice

A business renders services to a customer for $16 000 on credit. Which account is credited?

• A)Accounts receivable
• B)Cash
• C)Accounts payable
• D)Service revenue

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Definitions:

Np

A term related to statistics, often referring to the expected number of successes in a Binomial distribution.

Margin of Error

A statistic expressing the amount of random sampling error in a survey's results, representing how far the true value could deviate from the observed value.

Minimum Sample Size

The smallest number of observations or data points that is considered sufficient for a statistically valid result.

Population Proportion

The fraction or percentage of a population that exhibits a particular attribute or characteristic.