A ______ Is Plotted at the Midpoint of Each Interval,whereas

question 30

Multiple Choice

A ______ is plotted at the midpoint of each interval,whereas a(n) ______ is plotted at the upper boundary of each interval.

• A) histogram; bar chart
• B) frequency polygon; histogram
• C) frequency polygon; ogive
• D) histogram; frequency polygon

---

Definitions:

Condensed Income Statement

A simplified financial statement summarizing a company's revenues, expenses, and net income, without detailed line items.

Net Income

The total earnings of a company after subtracting all expenses, taxes, and losses from total revenue.

Gross Profit

The difference between revenue and the cost of goods sold before deducting any selling, administrative, or other expenses.

Periodic Inventory System

An inventory system where inventory levels are updated at specific intervals rather than continuously, often requiring physical counts.