According to the Following Data Table, Which Variable(s) Is(are) Categorical

question 47

Multiple Choice

According to the following data table, which variable(s) is(are) categorical?

• A)None are categorical because there are only numbers in the table
• B)Age, gender, and ethnicity
• C)Gender and ethnicity
• D)Gender

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Definitions:

Ending Inventory

The total value of goods available for sale at the end of an accounting period, calculated using various valuation methods like FIFO, LIFO, or average cost.

FIFO Method

"First In, First Out," an inventory valuation method where goods produced or acquired first are sold, used, or disposed of first.

Periodic System

An inventory system that updates inventory and cost of goods sold only at the end of the accounting period based on a physical count.

Ending Inventory

The value of goods available for sale at the end of an accounting period, calculated by adding purchases to beginning inventory and then subtracting the cost of goods sold.