A Sample of Small Bottles and Their Contents Has the Following

question 49

Multiple Choice

A sample of small bottles and their contents has the following weights (in grams) : 4,2,5,4,5,2,and 6. What is the sample variance of bottle weight?

• A)6.92
• B)4.80
• C)1.96
• D)2.33

---

Definitions:

Interest Expense

The cost incurred by an entity for borrowed funds, reflected as a charge on the income statement.

Average Collection Period

The average number of days it takes for a company to receive payment from its customers for invoices issued.

Accounts Receivable Turnover

A financial ratio indicating how many times a company's receivables are converted into cash over a period, measuring the efficiency of a company in collecting its debts.

Current Ratio

A financial ratio indicating a firm's capacity to settle short-term debts using its current assets.