If the Southern Division of American Products Company Had a Turnover

question 126

Multiple Choice

If the Southern Division of American Products Company had a turnover ratio of 4.2 and a margin of 0.10, the return on investment would be

• A)23.8%.
• B)42.0%.
• C)420.0%.
• D)238.0%.

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Definitions:

Oral Contracts

Agreements that are made verbally and not recorded in a written document, but are still legally binding.

Written Ones

Documents or agreements that are formally inscribed or recorded in written form.

Accord and Satisfaction

A legal settlement where a debtor offers payment less than the amount owed, and the creditor accepts this payment as full settlement of the debt.

Rescission

The legal act of cancelling a contract and returning all involved parties to their state prior to the agreement, often due to misrepresentation, fraud, or mistake.