Table 2.15 an Analyst Notes the Time That Customer Appointments End with End

question 191

Multiple Choice

Table 2.15
An analyst notes the time that customer appointments end with a tax preparer that is assigned customers requiring only the 1040EZ form. The times indicated in the table represent the departure times of the first eight clients for one tax preparation specialist. The 1040EZ tax forms among the different customers are very similar. The tax preparer started the first return at 12:00pm.

-Based on Table 2.15, how long should it take the tax preparer to complete the 16th return of the day?

• A) 16 minutes
• B) 19 minutes
• C) 21 minutes
• D) 24 minutes

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Definitions:

Debt Securities

Financial instruments representing a loan made by an investor to a borrower, typically involving predefined interest payments and return of principal at maturity.

Equity Securities

Financial instruments representing ownership interest in a company, such as stocks, which provide an equity stake to investors.

Equity Method

An accounting technique used to record investments in associate companies, recognizing the investor's share of the earnings as income.

Dividends

Payments made by a corporation to its shareholder members. It is the portion of corporate profits paid out to stockholders.