A Sample Was Taken of the Salaries of Four Employees

question 37

Multiple Choice

A sample was taken of the salaries of four employees from a large company.The following are their salaries (in thousands of dollars) for this year: 33, 36, 41, and 47.The variance of their salaries is approximately

• A)28.19
• B)75.59
• C)37.58
• D)6.13
• E)5.31

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Definitions:

Dividends

Payments made by a corporation to its shareholder members, distributed from the company's profits.

Note Payable

A written agreement where one party promises to pay another a definite sum of money at a specified future date or on demand.

Current Assets

Assets likely to be converted into cash within a year, such as inventory, accounts receivable, and cash and cash equivalents.

Current Liabilities

Short-term financial obligations that are due within one year or within the operating cycle.