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Financial statements for Orange Company appear below:
Total dividends during Year 2 were , of which were preferred dividends. The market price of a share of common stock on December 31, Year 2 was .
-Orange Company's average sale period (turnover in days) for Year 2 was closest to which of the following?
Marginal Product
The additional output gained by employing one more unit of a given input.
Resource Maximization
It is the technique or strategy of optimally utilizing resources to achieve the highest possible output or efficiency.
Least-costly Combination
A perfect combination of resources that lowers the production cost while reaching a target output level.
Profits
Financial gains realized when the revenues from business activities exceed the expenses, costs, and taxes needed to sustain the operation.
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