Dean Corporation Reported Net Income $58,000, Net Sales $500,000, and Average

question 102

Multiple Choice

Dean Corporation reported net income $58,000, net sales $500,000, and average assets $800,000 for 2015. The 2015 profit margin was:

• A)5.8%.
• B)11.6%.
• C)62.5%.
• D)160%.

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Definitions:

Minimum Wage

is the lowest legal hourly pay that employers can compensate workers, set by government legislation.

Compensation Level Policy

A strategic approach adopted by organizations to decide the pay levels for their employees, typically aiming to balance competitiveness with budget constraints.

Market Rates

The average or expected pay for a specific job role in the employment market.

Hybrid Compensation-Level Strategy

A remuneration approach that combines elements of both fixed salaries and variable pay based on performance.