Consider the Following to Answer the Question(s) Below

question 4

Multiple Choice

Consider the following to answer the question(s) below:
A full service brokerage firm gathered information on how their clients were investing for retirement. Based on age, clients were categorized according to where the largest percentage of their retirement portfolio was invested and shown in the table below.

-The percentage of clients who are over age 50 and invest in mutual funds is

• A) 53.1% (34/64).
• B) 33.3% (34/102).
• C) 18.1% (34/188).
• D) 34.0% (64/188).
• E) 54.3% (102/188).

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Definitions:

Income From Operations

The earnings generated from a company's primary business activities, excluding non-operating income and expenses.

Investment Center

A business unit within an organization that is responsible for its own revenue, expenses, and investments, and is analyzed for profitability.

Service Department

A segment within a company that provides support services to the production departments or other direct operational areas, helping them operate efficiently.

Charge Rates

Prices or rates established for services provided, often used in professional industries like law and consulting.