There Are 341 Teachers at a College

question 72

Multiple Choice

There are 341 teachers at a college. In a sample of 110 teachers from this college, 72 have doctorates. Based on this sample statistic, estimate the number of teachers at this college with doctorates.

• A)182
• B)223
• C)234
• D)118

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Definitions:

Adjusting Entry

An accounting entry made at the end of a period to allocate income and expenditure to the appropriate accounting period.

Unearned Subscription Revenue

Unearned Subscription Revenue is income received by a company for goods or services yet to be provided, recorded as a liability on the balance sheet.

Subscription Revenue

Income generated from customers paying recurrent fees for access to a product or service over a period of time.

Accounting Equation

Assets = Liabilities + Owner’s Equity.