Use the Information About Billy's Burgers to Answer the Following

question 6

Multiple Choice

Use the information about Billy's Burgers to answer the following question(s) :

-Using the percent of sales method,and assuming 20% growth in sales,estimate Billy's Burgers' accounts payable for 2016.

• A)$21.0 million
• B)$25.2 million
• C)$18.0 million
• D)$21.6 million
• E)$19.5 million

---

Definitions:

Chebysheff's Theorem

A statistical theorem stating that for any data set or distribution, no matter the shape, a minimum proportion of values must lie within a certain number of standard deviations from the mean.

Standard Deviation

A measure of the amount of variation or dispersion in a set of values, indicating how spread out the values are around the mean.

Sales Receipts

Documents that provide proof of a transaction between a buyer and a seller.

Geometric Mean

The geometric mean is a measure of central tendency that is calculated by taking the nth root of the product of n numbers, often used for rates and ratios.