A List of Intervals Followed by a List of Frequencies

question 3

Multiple Choice

A list of intervals followed by a list of frequencies is referred to as a:

• A) frequency histogram.
• B) range.
• C) cumulative frequency distribution.
• D) frequency distribution.

---

Definitions:

Periodic

In accounting, periodic refers to a system or method where financial information and inventory levels are updated at specific intervals, rather than continuously.

Purchases

The total amount spent on goods and materials bought for resale or use in production during an accounting period.

Perpetual

A system of inventory management where records are updated immediately following a sale or purchase of goods.

Merchandise Inventory

The total value of a business's commodities or goods available for sale to customers at any given time.