Find the Mode or Modes $\begin{array} { l l l } 54 & 61 & 62 \end{array}$

question 49

Multiple Choice

Find the mode or modes.
-Last year, nine employees of an electronics company retired. Their ages at retirement are listed below. Find the mode(s) .
$\begin{array} { l l l } 54 & 61 & 62 \end{array}$
$\begin{array} { l l l } 51 & 56 & 63 \end{array}$
$68 \quad 58 \quad 52$

• A) No mode
• B) \(58.3\)
• C) \(54,61,62,51,56,63,68,58,52\)
• D) 58

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Definitions:

Year-End Inventory

The total value of a company's merchandise, raw materials, and finished and unfinished products which have not yet been sold, at the end of the fiscal year.

Inventory Turnover Ratio

A measure of how often a company sells and replaces its stock of goods within a period, calculated as cost of goods sold divided by average inventory.

Customer Refunds Payable

A liability account for estimated refunds and allowances that will be paid or granted to customers in the future.

Estimated Returns Inventory

A current asset account for the estimated amount of merchandise that will be returned by customers.