Provide an Appropriate Response

question 49

Essay

Provide an appropriate response.
-Of the 55 tornado fatalities in a recent year, the locations of the victims are listed below. Construct a pie chart
of the data. $$\begin{array} { l c } \hline \text { Location } & \text { Fatalities } \\\hline \text { Mobile home } & 37 \\\text { Permanent home } & 10 \\\text { Vehicle } & 4 \\\text { Business } & 2 \\\text { Unknown } & 2 \\\hline\end{array}$$

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Definitions:

Accelerating Cash Collection

Strategies or practices implemented by a business to decrease the amount of time between selling a product or service and receiving payment for it.

Discounting

The process of determining the present value of a future amount of money or a series of future cash flows, by applying a discount rate.

Net Realizable Value

The estimated selling price of goods or assets in the course of normal business, minus any costs associated with the sale or completion.

Gross Receivables

The total amount of money owed to a company by its customers before deducting any allowance for doubtful accounts.