Two Measurements Are Given

question 215

Multiple Choice

Two measurements are given. Find the absolute difference and then find the relative difference as a percentage. Assumethat the first quantity is the compared value and the second quantity is the reference value. Round answers to the nearesttenth if necessary.
-In a certain country, the life expectancy for men is 70.2 years while the life expectancy for women is 76.6 years.

• A)Absolute difference: -6.4 years
• B)Absolute difference: -6.4 years Relative difference: -8.4% Relative difference: -0.8%
• C)Absolute difference: 6.4 years
• D)Absolute difference: -6.4 years Relative difference: 9.1% Relative difference: -9.1%

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Definitions:

Net Loss

The situation where a company's expenses exceed its revenues during a specific period, leading to a negative bottom line.

Statement of Stockholders' Equity

A financial statement that shows changes in the ownership interest of a company's shareholders, including contributions, distributions, and earnings.

Retained Earnings

The segment of net earnings that is not paid out as dividends but instead kept by the corporation for reinvestment in its primary operations or for debt repayment.

Prepaid Insurance

An asset account that reflects insurance premiums paid in advance, which are expensed as the insurance coverage periods expire.