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maw [93]
3 years ago
15

Marci Luner is going over the finances of her clothing boutique firm. If her firm has a net income of​ $131,000 and net sales of

​ $586,000, its profit margin is​ _______ percent.
Business
1 answer:
MaRussiya [10]3 years ago
6 0

Answer: The profit margin is 22.35 %

Explanation: The formula for profit margin is net profit/ income ÷ net sales.

As such, the profit margin is (131000 ÷ 586000) x 100 = 0.2235 * 100 = 22.35 %

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Which type of ad agency is most likely to offer its clients an extensive range of marketing, communications, and promotions serv
aivan3 [116]

Answer: B. Full Service Agency

Explanation: The above agency would provide all the necessary services to its clients -an extensive range of marketing, communications, and promotions services, including planning, creating, and producing the advertising; performing research; and selecting media?

6 0
3 years ago
Imagine you take a shopping trip to a flea market, and you are looking for an old record player. You know the typical antique re
Sergeu [11.5K]

The best explanation of how the principle of demand and supply has affected the price of the record player is:

  • Because there are several vending booths in the same area selling the same item, there would be a reduction in price to attract more customers.

<h3>What is Demand?</h3>

This refers to the quantity of goods which are requested by consumers at a particular time period which has an effect in the price of the good.

With this in mind, the principle of demand and supply was in effect as in the flea market, there was a reduction in price of an old record player because there was a lot of the goods in a location.

Read more about demand and supply here:
brainly.com/question/4804206

8 0
2 years ago
A private university offers graduate assistantships to qualified students each year. In exchange for the waiver oftuition, gradu
alina1380 [7]

Answer:

A. tuition revenues of $4,000 and expenditures of $4,000.

Explanation:

If the student is not employed as a graduate assistant required to assist faculty members with research and other activities, we will have one:

a. The student will have to pay $4,000 tuition. This is a revenue to the university.

b. The private university will employ a research assistant and pay him $4,000. This an expenditure to the university.

Therefore, this transactions have to be required as highlighted in a. and b. above to track the actual revenue and expenditure implication of the waiver despite cash does not exchange hands.

7 0
3 years ago
Messing Company has an agreement with a third-party credit card company, which calls for cash to be received immediately upon de
olasank [31]

Answer:

Thee jounal entry for January 1 of Messing Company is done below.

Explanation:

3.5% * 4000 = 140

Date                Account Titles                                                Dr             Cr

Jan 1           Cash                                                                $3,860

                   Credit Card Expense                                        140

                          Sales Revenue                                                           4,000

4 0
3 years ago
A(n) ___________ distribution strategy distributes a product through only a preferred group of retailers in a given area. intens
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The answer is selective distribution strategy. This type of distribution strategy focuses more on the products that are distributed are to be given to only specific areas and are only selected by the company or the distributor in which is in lined with the statement given above.

6 0
3 years ago
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