If Everyone in a Class of 35 Students Got an Exam

question 21

Multiple Choice

If everyone in a class of 35 students got an exam score of 75, the value of the variance would be

• A) 0
• B) 35
• C) 75
• D) 100

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Definitions:

Expected Sales

The projected amount of sales that a company anticipates to achieve within a specific period.

Average Collection Period

The average number of days it takes a company to receive payment after a sale has been made.

Operating Cycle

The period between the acquisition of inventory and the collection of receivable generated from sales, reflecting how long it takes for a business to convert its inventory into cash.

Cash Collections

The process of gathering and managing the cash received from customers or clients.