Claret Corporation's Return on Assets for 2009 Rounded to the Nearest

question 38

Multiple Choice

Claret Corporation's return on assets for 2009 rounded to the nearest tenth of a percent is:

• A) 9.9%.
• B) 4.1%.
• C) 5.9%.
• D) 16.9%.

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Definitions:

Marginal Cost

The elevation in comprehensive cost stemming from the creation of one more unit of a good or service.

Fixed Cost

Fixed costs are business expenses that remain constant regardless of the quantity of goods or services produced, such as rent or salaries.

Total Cost

The sum of fixed and variable costs incurred by a firm in producing and distributing a specified level of output.

Marginal Cost

The expenditure involved in fabricating one more unit of a product or service.