An Accounts Receivable Population Contains a Total of 4 Customers

question 38

Multiple Choice

An accounts receivable population contains a total of 4 customers.The accounts, amounts, and cumulative total are shown in the following table:
$\begin{array}{ccc}\text { Account Number } & \text { Recorded Amount } & \text { Cumulative Total } \\\hline \text { Blue } & \$ 357 & \$ 357 \\\hline \text { Brown } & 281 & 638 \\\hline \text { Grey } & 60 & 698 \\\hline \text { Green } & 574 & 1272 \\\hline\end{array}$
If monetary-unit sampling is used, what is the population size?

• A) 1272
• B) 574
• C) 4
• D) unknown

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Definitions:

Loop Iteration

A loop iteration refers to the execution of a loop body a single time through the loop.

Pass

In programming, pass often refers to successfully executing or compiling a piece of code without errors, or moving arguments to functions during execution.

Loop

A programming construct that repeats a block of code multiple times based on a specified condition.

Condition Evaluated

A term describing the process where a program checks if a specific condition or set of conditions are met, often used in decision-making structures.