Contingency Tables Can Be Used to Present and Describe

question 16

Multiple Choice

Contingency tables can be used to present and describe:

• A)bivariate and multivariate relationships.
• B)univariate, bivariate, and multivariate relationships.
• C)bivariate and multivariate relationships, but only using discrete data.
• D)univariate relationships only.
• E)multivariate relationships of only three or more variables.

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Definitions:

Notes Receivable

Written promises for amounts to be received within a certain period, recognized as assets on the balance sheet.

Contingent Liability

A potential obligation that depends on a future event arising from past transactions or events.

Allowance For Doubtful Accounts

A contra-asset account that represents the estimated amount of receivables which are not expected to be collected.

Accounts Receivable Turnover

A financial metric that measures how efficiently a company collects revenue from its credit sales by dividing net credit sales by the average accounts receivable.