Your potential market includes the demographic groups that are not currently your customers but could become customers in the future.
Answer:
B and D, $170
Explanation:
The three pictures attached shows the explanation for this problem and i promise to be so explanatory and direct. Thank you.
Answer:
The firm's profit margin is 0.02357
Explanation:
The formula to compute the firm's profit margin is shown below:
Profit margin = (Net income ÷ sales revenue)
= ($1,980 ÷ $84,000)
= 0.02357
It shows a relationship between net income and net sales. The other information which is given in the question is not relevant. Hence, ignored it
Income $42,500
Less:
Deductions <u> 0</u>
Taxable Income $42,500
Tax rate <u> x 10%</u>
Tax payable $4,250
Bear in mind that since the problem is silent, I have assumed that deductions based on marital status, exemptions, PERS or TIAA/CREF retirement contributions are all equivalent to zero (0).
