Hamilton Lawn Service Earned $1,000 for Services Rendered

question 131

Multiple Choice

Hamilton Lawn Service earned $1,000 for services rendered.The customer promised to pay at a later time.Which of the following accounts increased?

• A) Accounts payable
• B) Supplies
• C) Cash
• D) Accounts receivable

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Definitions:

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how much the values in a data set vary from the mean.

Z-Scores

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

Distributional Errors

Definition: Mistakes that occur when evaluating employee performance, typically involving the incorrect application of a uniform distribution across performance categories.

Contrast Errors

Mistakes made in evaluating performance where an employee's assessment is unfairly influenced by the comparison with another’s performance.