The First Step in Constructing a Bar Graph Is to

question 102

Multiple Choice

The first step in constructing a bar graph is to

• A) measure the standard deviation.
• B) organize the data.
• C) calculate a correlation coefficient.
• D) determine the range.

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Definitions:

Net Sales

Revenue from sales after deducting returns, allowances for damaged goods, and discounts.

Accounts Receivable

Amounts owed to a business by its customers for goods or services delivered on credit.

Allowance Method

An accounting technique used to estimate uncollectible accounts receivable and record bad debts expenses.

Recognizing

The process of formally recording or incorporating an item into the financial statements of an entity.