Use the Following Distribution of 32 Voters at Eight Different

question 34

Multiple Choice

Use the following distribution of 32 voters at eight different positions over the interval [0, 1] to answer the Questions $$\begin{array} { | l | c | c | c | c | c | c | c | c | } \hline \text { Position } & 0.1 & 0.2 & 0.3 & 0.5 & 0.6 & 0.7 & 0.8 & 0.9 \\\hline \begin{array} { l } \text { Number of } \\\text { voters }\end{array} & 6 & 5 & 5 & 3 & 4 & 6 & 2 & 1 \\\hline\end{array}$$
-For two candidates A and B with distinct policy positions 0.2 and 0.7, respectively, find the number of votes for the candidate A based on voter's ideal positions.

• A) 11
• B) 16
• C) 19
• D) 23

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Definitions:

Temporary Accounts

These are accounts that are closed at the end of each accounting period, including revenues, expenses, dividends, and income summary accounts, to prepare the company for a new accounting period.

Retained Earnings

The portion of net income not distributed as dividends but retained by the company to reinvest in its business or to pay debt.

Accounting Period

A specific duration of time for which financial statements are prepared, often annually, quarterly, or monthly, to measure financial performance.

Adjusted Trial Balance

An inventory of all accounts with their adjusted balances, utilized to compile financial statements.