A Student Was Studying the Political Party Preferences of a University's

question 57

Multiple Choice

A student was studying the political party preferences of a university's student population. The survey instrument asked students to identify their political preferences-for example,Democrat,Republican,Libertarian,or another party. The best way to illustrate the relative frequency distribution is a

• A)bar chart.
• B)pie chart.
• C)histogram.
• D)frequency polygon.

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Definitions:

Allowance for Doubtful Accounts

A contra-asset account that estimates the amount of receivables that may not be collectible.

Accounts Receivable

Funds that are owed to a company by customers for goods or services delivered or used but not yet paid for.

Bad Debt Expense

An expense recognized when a company determines that a customer's debt is no longer collectible.

Cash Realizable Value

The amount of money that could be realized from assets if they were sold, after settling any associated costs.