Solve the Problem A)818
B)7

question 24

Multiple Choice

Solve the problem.
-Bill kept track of the number of hours he spent exercising each week. The results for four months are shown below. Find the average number of hours Bill spent exercising per week. Round your
Answer to two decimal places.
$\begin{array} { c c c c c c } 7.00 & 8.80 & 7.90 & 7.50 & 6.60 & 7.00 \\8.50 & 7.90 & 7.80 & 7.00 & 7.50 & 9.00 \\7.40 & 8.80 & 8.80 & 6.50 & 6.60 & 8.50\end{array}$

• A)8.18
• B)7.73
• C)7.95
• D)7.32

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Definitions:

Fees Earned

Fees earned is an accounting term that refers to revenue generated from providing services to clients or customers during a specific time period.

Prepaid Insurance

The portion of insurance premiums that have been paid in advance for future coverage, and is considered an asset on the balance sheet.

Account Group

It refers to a collection of accounts that are related in some way, often used in accounting and finance to organize financial records.

Assets

Economic resources controlled by a business or individual that are expected to provide future benefits.