Dean Corporation Reported Net Income $48,000, Net Sales $400,000, and Average

question 14

Multiple Choice

Dean Corporation reported net income $48,000, net sales $400,000, and average assets $800,000 for 2013.The 2013 profit margin was:

• A)6%.
• B)12%.
• C)50%.
• D)200%.

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Definitions:

Antitrust Law

A body of laws designed to prevent anti-competitive practices, monopolies, and to promote fair competition for the benefit of consumers.

Social Media Companies

Businesses that provide platforms for social networking, allowing users to share content, interact, and establish community over the internet.

Antitrust Enforcement

Government actions aimed at preventing monopolies and promoting competition among businesses within the market.

Federal Funds

Reserve balances with the Federal Reserve that banks can lend to one another on an overnight basis to meet their liquidity requirements.