Paul Commenced Business with $100 Cash

question 46

Multiple Choice

Paul commenced business with $100 cash.He purchased goods for $50 that were later sold for $150.The statement of financial position,after the sale,would show a total business wealth of:

• A) $150.
• B) $50.
• C) $100.
• D) $200.

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Definitions:

Percentile

A measure that indicates the value below which a given percentage of observations in a group falls.

Frequency Distribution

A table or chart that gives each piece of data in the set and the frequency, or the number of times that it appears in the data set.

Standard Deviation

A statistic that measures the dispersion or variation of a set of values, indicating how much the values differ from the mean of the set.

Z-score

A statistical measure that describes a value's relationship to the mean of a group of values, expressed in terms of standard deviations from the mean.