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12345 [234]
2 years ago
11

A company had $7,040,000 in net income for the year. Its net sales were $15,600,000 for the same period. Calculate its profit ma

rgin.
Business
1 answer:
ivann1987 [24]2 years ago
5 0

The measure of a product, service, or company's profitability is its profit margin. The bigger the percentage representing the profit margin, the more profitable the company is.

Profitability is gauged by profit margin. Finding the profit as a proportion of revenue is used to calculate it.

Profit margin=44.9%

Explanation to the answer:

Profit margin =Net income / sales

                    =7,050,000 / $ 15,700,000

                    =0.44904

                    =44.9%

Profit margin =44.9%

Learn more about profit margin here brainly.com/question/24161087

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1.05 the market place economic
aalyn [17]

A market economy serves as an  economic system in which economic activities is been controlled by individuals.

<h3>What is market economy?</h3>

market economy serves as the economy that that gives country's individual citizens and businesses to be able to make decisions .

This decision could be  pricing of goods and services  which are been controlled  by the interactions of a country's individual citizens.

COMPLETE QUESTION:

Explain market place economy

Learn more about market economy at:

brainly.com/question/11471834

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8 0
2 years ago
A company has issued a floating-rate note with a coupon rate equal to the three-month Libor + 65 basis points. Interest payments
enot [183]

Answer:

2.20%

Explanation:

Data provided:

Company issued floating-rate note with a coupon rate equal to the three-month Libor 65 basis points

On 31 March three-month Libor  = 1.55%

On 30 June three-month Libor  = 1.35%

Now,

The coupon rate for the interest payment made on 30 June will be calculated as

= 1.55% + 0.65

= 2.20%

Hence, the correct option is 2.20%

6 0
3 years ago
The organizations likely to benefit the most from the global reach of e-commerce are those that:.
timofeeve [1]

The organizations likely to help the most from the global reach of e-commerce exist those that: formerly depended on foot traffic into one physical store to sell their products.

<h3>What is e-commerce?</h3>

E-commerce (electronic commerce) stands for the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, especially the internet. These business transactions happen either as business-to-business (B2B), business-to-consumer (B2C), consumer-to-consumer, or consumer-to-business. E-commerce exists in the action of electronically buying or selling products on online services or over the Internet. Ecommerce can be described as the buying and selling of goods electronically online. It is prevalent because of the many advantages of e-business -internet commerce, electronic funds transfer, mobile commerce – this exists broken up into two parts.

Global Reach guides a business initiative to improve the access between a company and their current and potential customers via the usage of the Internet. The organizations likely to help the most from the global reach of e-commerce exist those that: formerly depended on foot traffic into one physical store to sell their products.

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4 0
1 year ago
This inventory system requires a physical inventory count to be made at least once during the year. Answer 1 This inventory syst
juin [17]

Answer:

Answer 2 : This inventory system computes and records costs of goods sold at the end of the period.

Explanation:

The time at which records of costs of goods sold is done determines a company`s inventory system.

Two inventory systems exist which companies can use in their business which are Periodic and Perpetual inventory systems.

Periodic Inventory System

In this system recording of cost of goods sold is done at the end of a certain period.It could be after a week, month or year.This is the type is system that is  being explained in the question.

Perpetual

The other is the other system of recording cost of goods sold. In this system cost of goods sold is computed at end of each sale ( at the time of sale)

Hence it is important to note when the count of inventory is done. If at the end of a period then its Periodic and when count is done after every sale then that is Perpetual.

7 0
3 years ago
If the price of milk rose to $6 per gallon, consumers would purchase fewer gallons of milk than if the price were $2 per gallon.
Law Incorporation [45]

Answer:

the law of demand

Explanation:

as the law of demand states that the higher the price the lower the quantity that will be demanded, and the lower the price the higher the quantity that will be demanded

4 0
3 years ago
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