A set of ordinal-, interval-, or ratio-level data may have only one mode.
Answer the following statement true (T) or false (F)
False
A set of observations may have more than one mode. For example, the following set of data has two modes, 3 and 7: 1, 2, 3, 3, 3, 4, 4, 5, 7, 7, 7, 10.
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______ listening is the process of not just hearing what was said, but also remembering the message, which requires concentration.
a. Analytical b. Retentive c. Introspective d. Critical
A retailer's return on net worth equals asset turnover times profit margin times (financial leverage)
Indicate whether the statement is true or false
A business valuation is not usually essential when
a. giving a gift of stock. b. going public. c. selling a business division. d. hiring a new director of operations.
Mars Corporation merges into Jupiter Corporation by exchanging all of its assets for 300,000 shares of Jupiter stock valued at $2 per share and $100,000 cash. Wanda, the sole shareholder of Mars, surrenders her Mars stock (basis $900,000) and receives all of the Jupiter stock transferred to Mars plus the $100,000 . How does Wanda treat this transaction on her tax return?
a. Wanda recognizes a $100,000 gain. Her Jupiter stock basis is $900,000. b. Wanda recognizes a loss of $100,000 . Her Jupiter stock basis is $800,000. c. Wanda recognizes a $100,000 gain. Her Jupiter stock basis is $700,000. d. Wanda realizes a $200,000 loss of which $100,000 is recognized. Her Jupiter stock basis is $1 million. e. None of the above.