Davis Ltd Provided the Following Information for the Year Ended

question 17

Multiple Choice

Davis Ltd provided the following information for the year ended 30 June 2020.
$$\begin{array} { l r } \text { Sales } & \$ 345000 \\\text { Accounts receivable 1 July 2019 } & 60000 \\\text { Accounts receivable 30 June 2020 } & 50000 \\\text { Bad debts written off during the year* } & 26000\end{array}$$
Direct method (DR Bad debts expense $26 000; CR Accounts receivable $26 000) .
Cash receipts from customers for the year ending 30 June 2020 were:

• A) $309 000.
• B) $329 000.
• C) $361 000.
• D) $381 000.

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Definitions:

Equal Sample Sizes

A condition in statistical analysis where the number of data points or observations in each group or category being compared is the same.

Population Variances

A measure of the dispersion or spread of data points in a population, indicating how much the data varies from the mean of the population.

Sample SD

The standard deviation of a sample, representing the dispersion or variability of the sample data points from their mean.

Significance Level

In statistics, a threshold for determining how significant the results of an experiment are, often used in hypothesis testing to gauge the probability of incorrectly rejecting a true null hypothesis.