Logit Co Paid Dividends of $400

question 26

Multiple Choice

Logit Co. paid dividends of $400. And retained 33.33% of their earnings. The sales for the year were $12,000 and total assets of 10,000. What was the rate of return on assets?

• A) 5%.
• B) 6%.
• C) 10%.
• D) 12%.

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Definitions:

Criminalization Hypothesis

The theory suggesting that societal responses or laws transform certain behaviors or individuals into criminal acts or offenders.

Justice System

The institutional framework for the application of legal processes and statutes designed to enforce legal norms, administer disputes, and punish criminal acts.

Constitutional Right

A right protected by a country's constitution that guarantees certain freedoms and protections to its citizens.

Moral Right

A principle or standard of behavior which is universally accepted as correct or beneficial in the promotion of fairness, justice, or societal well-being.