Sales Revenues Are Usually Considered Earned When

question 23

Multiple Choice

Sales revenues are usually considered earned when

• A) cash is received from credit sales.
• B) an order is received.
• C) goods have been transferred from the seller to the buyer.
• D) adjusting entries are made.

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Definitions:

Global Minimum Variance Portfolio

An investment portfolio that is designed to have the lowest risk (variance) for a given rate of return, by optimizing the allocation of assets.

Correlation Coefficient

A statistic in which the covariance is scaled to a value between −1 (perfect negative correlation) and +1 (perfect positive correlation).

Minimum Variance Portfolio

A portfolio constructed to achieve the lowest possible volatility or variability in returns among a set of potential assets.

Standard Deviation

A statistical measure that quantifies the dispersion or variability of a set of data points or investment returns around their mean (average).