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:

Collective Consciousness

A fundamental sociological concept referring to the set of shared beliefs, ideas, and moral attitudes that operate as a unifying force within society, emphasizing a common social bond.

Traumatic

Pertaining to or causing intense emotional distress and disruption, often related to experiencing or witnessing distressing events.

Colonized

Refers to the state or process of being under the control or influence of another country, often marked by economic exploitation and cultural domination.

Postmodern Deconstruction

A critical approach in philosophy and literary theory that emphasizes the fluidity of meanings and the instability of concepts traditionally regarded as stable and coherent.