The Statistical Abstract of the United States provided the following frequency distribution of the number of people who live below the poverty level by region.RegionNumber of People (in 1000s)Northeast6,166Midwest7,237South15,501West8,372What is the percentage of people who live below the poverty level in the West or Midwest?
A. 41.58%
B. 35.96%
C. 41.87%
D. 31.96%
Answer: C
You might also like to view...
Which statement is true of the FLSA requirements for overtime pay?
A. Overtime must be paid whether or not the employer specifically asked or expected the employee to work the extra hours. B. The overtime rate is one and a half times the employee's hourly rate, excluding any bonuses or piece-rate payments. C. Time worked includes hours spent on production or sales, but not on activities such as attending required classes, cleaning up the work site, and so on. D. Most workers paid on an hourly basis are exempt and therefore not subject to the laws governing overtime pay. E. Everyone is eligible for overtime pay.
Which of the following statements is CORRECT?
A. The total yield on a bond is derived from dividends plus changes in the price of the bond. B. Bonds are riskier than common stocks and therefore have higher required returns. C. Bonds issued by larger companies always have lower yields to maturity (less risk) than bonds issued by smaller companies. D. The market value of a bond will always approach its par value as its maturity date approaches, provided the bond's required return remains constant. E. If the Federal Reserve unexpectedly announces that it expects inflation to increase, then we would probably observe an immediate increase in bond prices.
Marciano Manufacturing uses a standard cost system. Standards for direct materials are as follows:
The company plans to produce 3500 units and has purchased on account 15,000 pounds of direct materials at a net cost of $43,200. What is the journal entry to record this transaction?
The ROI calculation will indicate:
A. the invested capital generated from each dollar of income. B. the percentage of each sales dollar that is invested in assets. C. the sales dollars generated from each dollar of income. D. the overall quality of a company's earnings. E. how effectively a company used its invested capital.