What Would Be Your Preferred Measure of Central Tendency If

question 27

Multiple Choice

What would be your preferred measure of central tendency if you had the following data: $31,550; $33,750; $34,700; $37,550; $39,275?

• A)mean
• B)mode
• C)median
• D)average

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Definitions:

Month of Sale

The specific month in which a sale transaction was completed or recognized for accounting or reporting purposes.

Collections

Collections refer to the process of pursuing payments of debts owed by individuals or businesses, often conducted by dedicated departments or external agencies.

Sales

The total revenue a company generates from selling goods or services over a specific time period.

Accounts Receivable Period

The average amount of time it takes for a company to receive payments owed by its customers for goods or services provided.