The following data represents the number of Sony TVs sold per day at a particular Costco over a random sample of five business days

9 2 7 7 5

The mean of this sample is ________.
A) 5.7
B) 6.0
C) 6.4
D) 6.6


B

Business

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Some accountants believe that the percent of revenue method for estimating uncollectible accounts expense is superior to the percent of receivables method because it is more conservative.

Answer the following statement true (T) or false (F)

Business

Reflect critically on the following statement: ‘progressive, innovative enterprises do not react or respond to trends, they establish them. So environmental scanning is of limited strategic value to such enterprises.’

What will be an ideal response?

Business

Because the Cool Whip container can be used to store leftovers; its packaging is an example of a secondary-use package.

Answer the following statement true (T) or false (F)

Business

Dennis has made a purchase of $50,000 using trade credit with terms of 2/10 net 30. How much discount will a he receive if the buyer pays the bill on the net due date?

A. $0 B. $500 C. $1200 D. $3,000

Business