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Use the table for the question(s) below.
Consider the following realized annual returns:
-Using the data provided in the table,calculate the average annual return,the variance of the annual returns,and the standard deviation of the average returns for the market from 1996 to 2005.
Fees Earned
Income earned from providing services or performing work, recognized in the accounting period when the services are rendered.
Cash
Money in the form of bills or coins; the most liquid asset available.
Accounts Receivable
Money owed to a business by its customers for goods or services delivered but not yet paid for, represented as an asset on the balance sheet.
Unearned Revenues
Liabilities recognized when a company receives payment for goods or services yet to be delivered or performed.
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