Which Statement Is Incorrect

question 6

Multiple Choice

Which statement is incorrect?

• A)The triangular distribution always has a single mode.
• B)The mean of the triangular distribution is (a + b + c)/3.
• C)The triangular distribution is right-skewed.

---

Definitions:

Realizable Value

The estimated amount that an asset can be sold for, less any selling costs, at the end of its useful life.

Accounts Receivable

Money owed to a business by its clients or customers for goods or services delivered but not yet paid for.

Accounts Receivable Turnover

A financial ratio that measures how effectively a company collects on its credit sales.

Credit Policy

The guidelines a company follows to determine the amount and terms of credit to extend to customers.