Refer to the Following Wage Breakdown for a Garment Factory

question 72

Multiple Choice

Refer to the following wage breakdown for a garment factory. What is the class midpoint for the class with the greatest frequency?

• A)$5.50
• B)$8.50
• C)$11.50
• D)$14.50

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Definitions:

Financial Statements

Consolidated documents that present the financial activities and conditions of a business or entity, including the balance sheet, income statement, and cash flow statement.

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenue, a key indicator of financial health.

Liabilities

Financial obligations or debts a company owes to others, which must be paid back in the future.

Adjust Prepaid Insurance Expense

The process of allocating prepaid insurance cost over the period to which it applies, reflecting its usage over time.