A Café Owner Decided to Calculate How Much Revenue He

question 1

Multiple Choice

A café owner decided to calculate how much revenue he gained from lattes each month. What type of variable would the amount of revenue gained from lattes be?

• A)categorical
• B)discrete
• C)nominal
• D)continuous

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Definitions:

Financial Reports

Periodic statements that provide information about a company's financial status, including balance sheets, income statements, and cash flow statements.

Primary Financial Statements

Critical financial documents including the balance sheet, income statement, statement of cash flows, and statement of shareholders' equity, which provide an overview of a company's financial health.

Income Statement

A financial statement that shows a company's revenue and expenses over a specific period, culminating in the net profit or loss.

Balance Sheet

A financial statement that gives a snapshot of a company's financial position at a specific point in time, showing assets, liabilities, and shareholders' equity.