Instruction 2 -Referring to Instruction 2

question 109

Short Answer

Instruction 2.8
Given below is the stem-and-leaf display representing the amount of detergent used in litres (with leaves in 10ths of litres) in a month by 25 drive-through car wash operations in Auckland.
$$\begin{array} { | l | l | } \hline \text { Stem } & \text { Leaves } \\\hline 9 & 147 \\\hline 10 & 02238 \\\hline 11 & 135566777 \\\hline 12 & 223489 \\\hline 13 & 02 \\\hline\end{array}$$
-Referring to Instruction 2.8,if a percentage histogram for the detergent data is constructed,using '9.0 but less than 9.9 litres' as the first class,_________% of drive-through car wash operations use less than 12 litres of detergent in a month.

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Definitions:

Allowance Method

The allowance method is an accounting technique that enables companies to anticipate and adjust for expected bad debts or credit losses in their financial statements.

Direct Write-off Method

Accounting practice where uncollected receivables are directly written off against income when deemed uncollectible, without using an allowance account.

Bad Debt Expense

A financial accounting concept representing the amount of uncollectible accounts receivable that a company expects to write off as a loss.

Allowance for Doubtful Accounts

A contra-asset account used to estimate the portion of accounts receivable that may not be collectible, reflecting potential losses.