The Proper Order of Events for the Operating Cycle Is

question 33

Multiple Choice

The proper order of events for the operating cycle is:

• A)input serving period, accounts receivable period, inventory period, quotation period.
• B)quotation period, accounts receivable period, inventory period, input servicing period.
• C)quotation period, input servicing period, inventory period, accounts receivable period.
• D)accounts receivable period, input servicing period, quotation period, inventory period.

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Definitions:

Measures of Dispersion

Mathematical computations that represent the diversity or range within a collection of numerical values.

Range

The difference between the maximum value and minimum value in a data set.

Central Tendency

Statistics referring to the middle or typical value within a dataset, represented by measures such as mean, median, and mode.

Mean

The arithmetic average of a set of numbers, calculated by adding all the numbers together and dividing by the count of those numbers.