If a Quarterly Seasonal Index Is 0

question 72

Multiple Choice

If a quarterly seasonal index is 0.56,it implies that ________.

• A)the quarter's sales are 56% above the yearly average
• B)the quarter's sales are 56% of the year total sales
• C)the other three quarter percentages will total 44%
• D)the quarter's sales are 56% of the yearly average

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Definitions:

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Bonds whose interest payments are subject to federal, state, or local income taxes.

Exercise Price

The cost at which an option's holder may purchase (for a call option) or sell (for a put option) the base asset.

Put Option

A financial contract giving the holder the right, but not the obligation, to sell a specific amount of an underlying asset at a set price within a specified time.

Stock Split

An action by a company to divide its existing stock into multiple shares to boost the liquidity of the shares, although the overall value of the shares remains the same.