Choose the One Alternative That Best Completes the Statement or Answers

question 53

Multiple Choice

Choose the one alternative that best completes the statement or answers the question.
-A stem-and-leaf plot for the number of homeruns hit by 30 High School teams is shown. Find the probability that a team chosen at random hit more than 28 homeruns. Key: $2 \mid 8 = 28$
$\begin{array} { l | l } 1 & 89 \\2 & 023347889 \\3 & 11345568999 \\4 & 223569 \\5 & 15\end{array}$

• A)0.667
• B)0.233
• C)0.933
• D)0.509

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Definitions:

Accounts Receivable Turnover

A financial ratio that indicates how efficiently a company collects its receivables or the money owed by customers, calculated by dividing net credit sales by average accounts receivable.

Sales on Account

Transactions where goods are sold and payment is to be made at a later date, often recognized as accounts receivable.

Cost of Goods Sold

An accounting term representing the direct costs attributable to the production of the goods sold in a company, including materials and labor.

Accounts Receivable Turnover

A financial ratio that measures how effectively a company collects debts from its customers, calculated as sales divided by the average accounts receivable.