Paradise Kitchens, Inc

question 2

Multiple Choice

Paradise Kitchens, Inc.uses external secondary data to reinforce its position that there is a growing trend in frozen prepared foods.According to its figures, prepared frozen meals account for __________ of the total frozen food market.

• A)5%
• B)17%
• C)26%
• D)32%
• E)47%

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Definitions:

Profits

The financial gain obtained when the revenue generated from business activities exceeds the expenses, costs, and taxes needed to maintain the operation.

Re-Invested

Capital or earnings that are put back into a business or investment to support growth or generate additional revenue.

Company

An entity engaged in commercial, industrial, or professional activities, either as a single individual or a group of people structured as a corporation, partnership, or sole proprietorship.

Depreciation

The accounting method of allocating the cost of a tangible asset over its useful life, representing how much of the asset's value has been used up.