Refer to the Following Frequency Distribution on Days Absent During

question 70

Multiple Choice

Refer to the following frequency distribution on days absent during a calendar year by employees of a manufacturing company: How many employees were absent from 6 up to 12 days?

• A) 20
• B) 8
• C) 12
• D) 17

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Definitions:

Gross Purchases

The total amount of all purchases made by a business before deducting any discounts, returns, or allowances.

Credit Terms

Credit terms are the payments conditions set by sellers for goods and services, including the period provided to the buyer to settle the owed amount.

Cash Conversion Cycle

A metric that shows the time span between a company's outlay of cash for raw materials and receiving payment from its customers, effectively measuring the time each net input dollar is tied up in the production and sales process.

Long-term Capital

Funds or assets held by a company for more than one year, used for financing long-term projects or investments.