Table 22-7 -Refer to Table 22-7.The Table Shows the Most Preferred Budget

question 284

Multiple Choice

Table 22-7

-Refer to Table 22-7.The table shows the most preferred budget of 75 voters.In an election,each voter will select the budget closest to his or her most preferred budget.Using this information,what is the most preferred budget of the median voter?

• A) $10
• B) $20
• C) $30
• D) $40

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Definitions:

T Account

The simplest form of an account.

Debit

An accounting entry that represents an increase in assets or expenses, or a decrease in liabilities, equity, or revenue.

Credit

An accounting entry that either decreases assets or increases liabilities and equity on a company's balance sheet, depending on the transaction.

Cash Account

An account recording all transactions involving cash, including receipts and payments.