The mode is used infrequently in business applications because it:
A) is difficult to compute.
B) does not represent the true center of numerical data.
C) is too labor intensive.
D) is an accurate measure of central tendency.
B
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You have a 25% interest in a Limited Partnership which produces $600,000 in total profits this year. You are in the 40% tax bracket (combined federal and state). Tax on your share of the profits will be:
a) 40% x ¼ (your share) of 600,000 = 60,000 b) 40% x ¼ of 360,000 (because the partnership pays tax of 40% on its profits so you receive only your share of the remaining amount) = 36,000 c) 25% x ¼ (your share) of 600,000 = 37,500 d) 40% x ¼ (your share) of 600,000 x 2 (because of double taxation) = 120,000
When setting prices, a company must consider factors in its pricing environment. ________ such as the business cycle, economic growth, and consumer confidence can have a significant impact on the firm's pricing strategies
A) Consumer trends B) Economic trends C) Competitors' responses D) Regulations E) Market structures