On 1 April 2017,Babies Unlimited Sold a Crib with Accessories,which

question 19

Multiple Choice

On 1 April 2017,Babies Unlimited sold a crib with accessories,which cost $1 000,for $1 500.It was sold for 10% deposit,with the balance to be paid in six equal payments beginning on 1 May 2017.How much sales revenue is recognised in the calendar year 2017 under the instalment method?

• A)$300
• B)$1 500
• C)$150
• D)$1 350

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Definitions:

Random Sample

A random sample from an infinite population is a sample selected such that the following conditions are satisfied: (1) Each element selected comes from the same population; (2) each element is selected independently.

Level Of Significance

The probability of rejecting the null hypothesis in a statistical test when it is actually true, used as a threshold for statistical significance.

Population Proportion

The measure of a particular characteristic's frequency in a defined population.

Research Hypothesis

A statement proposing a potential explanation for a phenomenon or a predicted relationship between variables, typically tested through experimentation or observation.