On 27 September 2019, a Builder Received an Advance of $50

question 2

Multiple Choice

On 27 September 2019, a builder received an advance of $50 000 from a client for future work. The work was completed to the client's satisfaction on 3 December 2019. What is the journal entry made by the builder on 3 December 2019?

• A) DR Cash CR Unearned revenue
• B) DR Customer deposits CR Sales revenue
• C) DR Unearned revenue CR Sales revenue
• D) DR Sales revenue CR Unearned revenue

Identify and differentiate between types of nonsampling errors and their impacts on research.

Understand the scope and scale of big data, including its attributes or dimensions.

Calculate mean and variance for a given data set and understand the concept of sampling without replacement.

Understand the application of the Central Limit Theorem in approximating sampling distributions.

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Definitions:

Frequency Distributions

A statistical representation, often in the form of a table or graph, showing how often each different value occurs in a set of data.

Class Width

The difference between the upper and lower boundaries of any class (category) in a frequency distribution.

Data Set

A collection of related sets of information that is composed of separate elements but can be manipulated as a unit by a computer.

Total Frequency

The sum of all frequencies in a data set, representing the total number of times a data point or category occurs.