Consider the Following to Answer the Question(s) Below

question 12

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.

-One characteristic of a bar chart is

• A) The bars can be displayed either vertically or horizontally.
• B) There can be no gaps between the bars.
• C) The bars should be of different widths.
• D) It is used to display the distribution of a continuous variable.
• E) It shows cumulative frequency.

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Definitions:

Bankruptcy

A legal proceeding involving a person or business that is unable to repay outstanding debts.

Sale of Assets

The process of selling company properties, plant, and equipment to generate cash.

Bondholder Claims

The rights or entitlements that bondholders have to receive payments of principal and interest, as well as their place in the hierarchy of creditors in the event of a default.

Debt/equity Ratio

A ratio used to determine how much of a company's assets are financed through equity versus debt.