Phil Realized a Total Return of 13

question 23

Multiple Choice

Phil realized a total return of 13.2 percent which is less than his expected return of 14.4 percent.What is the amount of his unexpected return?

• A)-1.2 percent
• B)-0.6 percent
• C)0.6 percent
• D)1.2 percent
• E)1.3 percent

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Definitions:

Press Runs

The total number of copies produced in one operation or batch on a printing press.

Book Set-Ups

The initial steps or arrangements required to prepare books for financial accounting or publishing.

Wages And Salaries

Payments made to employees for their labor, comprised of regular salaries and hourly wages.

Spending Variance

The difference between the actual amount of money spent and the budgeted amount for various categories.