A Public Opinion Poll in Ohio Was Set Up to Determine

question 6

Multiple Choice

A public opinion poll in Ohio was set up to determine whether registered voters in the state approved of a measure to ban smoking in all public areas. The researchers selected a simple random sample of 50 registered voters from each county in the state and asked whether the voters approved or disapproved of the measure. This is an example of:

• A)a systematic county sample.
• B)a stratified sample.
• C)a multistage sample.
• D)a simple random sample.

Grasp the concept of interest-bearing notes and their repayment components.

Recognize different forms of written obligations and their interest requirements.

Understand employer and employee responsibilities for different types of payroll taxes.

Know how to distinguish between various accounting terms and financial instruments.

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Definitions:

Accounts Receivable Turnover

A financial ratio that measures how efficiently a company collects cash from its credit sales by dividing net credit sales by the average accounts receivable.

Allowance For Bad Debts

An estimate of the amount of credit sales that are expected not to be collected, which is subtracted from total receivables in a company's financial statements to show a more accurate picture of net revenue.

Sales Volume

The total quantity of sales of a product or service within a specified period.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term and long-term obligations, calculated as current assets divided by current liabilities.