Table 20-13 The Following Table Shows the Distribution of Income in Widgetapolis

question 144

Multiple Choice

Table 20-13
The following table shows the distribution of income in Widgetapolis. ​
-Refer to Table 20-13. If the poverty line were $45,141, what would be the poverty rate?

• A)less than 20%
• B)between 20% and 40%
• C)between 40% and 60%
• D)between 60% and 80%

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Definitions:

Direct Labor-hours

The total hours worked directly on the production of goods.

Merchandise Purchases Budget

A detailed plan used by a merchandising company that shows the amount of goods that must be purchased from suppliers during the period.

Required Purchases

The quantity of goods a company needs to buy to meet its production plans and sales forecast.

Selling And Administrative Expense Budget

A detailed schedule of planned expenses that will be incurred in areas other than manufacturing during a budget period.