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The histogram below shows the distribution of pass rates on a swimming test of all children who completed a four week summer swim course at the local YMCA. How many of the courses had a pass rate less than 40 percent?
Variable Administrative Expense
Expenses that vary in direct proportion to changes in an organization's activity level, such as sales commissions.
Traditional Format Income Statement
A financial statement that shows a company's revenues, expenses, and profits, typically starting with sales and subtracting cost of goods sold and other expenses.
Merchandise Inventory
The total value of goods held by a company for the purpose of resale.
Selling Expenses
Expenses directly related to the sale of goods or services, like marketing expenses and wages for sales personnel.
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