The Following Data Were Taken from the Records of Mendez

question 28

Multiple Choice

The following data were taken from the records of Mendez Corporation for the year ended December 31, 2013: Given the above information and assuming that no additional stock was added for the year, net income for the year ended December 31, 2013, is

• A) $1,675
• B) $2,120
• C) $2,905
• D) $3,795

---

Definitions:

Standard Deviation

A statistical measurement that quantifies the variation or dispersion of a set of data points from its mean, commonly used to gauge volatility in finance.

Diversified Portfolio

An investment strategy that spreads investments across various asset classes to reduce risk and increase the potential for returns.

Stand-Alone Basis

Evaluating or considering something independently from other entities or factors, often used in financial analysis or investment decision making.

Capital Gains Yields

The percentage increase in the value of a financial asset, reflecting the difference between the purchase price and the selling price.