What Is the Mode in This Group of Numbers: 1,1,1,1,5,6,16,33,1

question 56

Multiple Choice

What is the mode in this group of numbers: 1,1,1,1,5,6,16,33,1

• A)1
• B)3
• C)16
• D)5

---

Definitions:

Allowance Method

An accounting technique used to manage accounts receivable and bad debt expense by estimating uncollectible accounts at the end of each period.

Net Income

The total revenue of a business minus total expenses, representing the profit made during a specific period.

Uncollectible Receivables

Accounts receivable that are considered to be uncollectable and are treated as a loss because payment is no longer expected.

Percent of Sales Method

A financial forecasting model that estimates changes in balance sheet and income statement accounts as a direct percentage of sales.