The Staff of Ms

question 12

Multiple Choice

The staff of Ms.Tamara Hill, VP of Technical Analysis at Blue Sky Brokerage, prepared a frequency histogram of market capitalization of the 937 corporations listed on the American Stock Exchange in January 2003. Approximately ___ corporations had capitalizations of $200,000,000 or less.

• A)50
• B)100
• C)700
• D)800
• E)900

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Definitions:

Manufacturing Business

A type of business that produces finished goods from raw materials by using various forms of machinery and human labor in a process known as manufacturing.

Factory Overhead

All the overhead costs related to the production process, except for the expenses on direct materials and direct labor.

Cost of Goods Sold

The direct costs attributed to the production of the goods sold by a company, including the cost of the materials and labor directly used to create the product.

Predetermined Overhead Rate

An estimated rate used to allocate manufacturing overhead costs to individual units of production.