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Before leaving a particular restaurant,customers are asked to respond to the questions listed below.For each question,determine whether the possible responses are discrete or continuous variables.
A)What is the approximate distance of the restaurant from your residence?
B)How many minutes did you wait until your server greeted you?
C)How many times a month do you typically dine out?
D)How many people were in your dinner party tonight?
Accumulated Depreciation
Accumulated depreciation represents the total amount of depreciation expense that has been recorded against a fixed asset since it was acquired, reducing its book value on the balance sheet.
Operating Activities
Business activities that relate directly to the production, sale, and delivery of a company's products and services.
Depreciation
The process of allocating the cost of buildings and equipment (but not land) over their productive lives using a systematic and rational method
Accounts Receivable
Represents money owed to a company by its customers for goods or services that have been delivered but not yet paid for.
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