Crasler Company's Net Income Last Year Was $100,000

question 72

Multiple Choice

Crasler Company's net income last year was $100,000.The company paid dividends on preferred shares of $20,000,and its average common shareholders' equity was $580,000.The company's return on common shareholders' equity for the year was closest to which of the following?

• A) 3.4%.
• B) 13.8%.
• C) 17.2%.
• D) 20.7%.

Apply mathematical models to represent economic scenarios.

Analyze the impact of individual and collective decision-making on utility and profit.

Understand the concept of cost functions and their impact on production decisions.

Evaluate the outcomes of regulated versus unregulated entry in a competitive market.

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Definitions:

Unemployment Rates

The slice of the labor market that is not working but is trying to find employment.

Ages 25-54

A demographic group often considered the prime working age range, reflecting a significant portion of the labor force.

Ages 16-19

A demographic group typically associated with late adolescence and early adulthood.

Efficiency Wages

Wages set above the market equilibrium to increase productivity, reduce turnover, and enhance loyalty among employees.