A USBased Internet Company Offers an On-Line Proficiency Course in Basic

question 13

Multiple Choice

A U.S.based internet company offers an on-line proficiency course in basic accounting.Completion of this online course satisfies the "Fundamentals of Accounting" course requirement in many MBA programs.In the first semester 315 students have enrolled in the course.The marketing research manager divided the country into seven regions of approximately equal populations.The course enrollment values in each of the seven regions are given below.The management wants to know if there is equal interest in the course across all regions. Calculate the expected enrollment (frequency) for all 7 regions.

• A)60
• B)45
• C)52.50
• D)30

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Definitions:

Cost

The amount of money or resources expended in order to acquire an asset or carry out a specific activity.

Market

A public place or an institution where goods, securities, commodities, or services are traded.

LIFO Method

An inventory valuation method called "Last In, First Out" where the most recently produced items are recorded as sold first.

Ending Inventory

The aggregate worth of merchandise available for purchase at the closing of an accounting cycle.