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question 45

Multiple Choice

 Use the given frequency distribution to approximate the mean.  Class  Frequency 0918101918202993039940499\begin{array}{l}\text { Use the given frequency distribution to approximate the mean. }\\\begin{array} { c c } \hline \text { Class } & \text { Frequency } \\\hline 0 - 9 & 18 \\10 - 19 & 18 \\20 - 29 & 9 \\30 - 39 & 9 \\40 - 49 & 9\end{array}\end{array}


Definitions:

Accounts Payable Balance

The total amount of money a company owes to its suppliers or vendors for products and services purchased on credit.

Disbursement To Suppliers

The payment made by a company to its suppliers for goods or services received.

Operating Cycle

The average time period between the acquisition of inventory by a business and the receipt of cash from the sale of that inventory.

Acquisition Of Inventory

The process of obtaining goods and materials for a company's operations, which could be for immediate use or to keep as stock for future sale or production.

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