What is a graphical representation of a frequency distribution?
a.Bar chart
b.Frequency distribution
c.Histogram
d.Cmulative frequency distribution
ANS:C
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Accrual accounting involves subjective judgments that can introduce measurement errors and uncertainty into reported earnings.
Answer the following statement true (T) or false (F)
Which of the following statements is true regarding vertical analysis?
a. Common-size financial statements can be used to compare businesses of different sizes. b. Vertical analysis can only be used with balance sheet accounts. c. Vertical analysis can only be used with income statement accounts. d. Vertical analysis can only be used with retained earnings accounts.
Under the LIFO or retail inventory method the Net Realizable Value is considered the ceiling that prevents inventory from being valued at amount higher than what the company could reasonably sell it
Indicate whether the statement is true or false
________ is a variance method in which the squared euclidean distance to the cluster means is minimized
A) Optimizing partitioning method B) Sequential threshold method C) Parallel threshold method D) Ward's procedure