1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Marta_Voda [28]
3 years ago
12

A company earned $2,880 in net income for October. Its net sales for October were $12,000. Its profit margin is:

Business
1 answer:
snow_lady [41]3 years ago
5 0

Answer:

profit margin = 23.33%

Explanation:

profit margin = net profit /  net sales

  • net profit = $2,800
  • net sales = $12,000

profit margin = $2,800 / $12,000 = 0.233333 = 23.33%

The profit margin is a profitability ratio used to compare how many cents different companies are able to make from selling $1. Different companies have different sales levels, but we can group companies by industries and then compare them in order to determine which ones are more efficient at generating income. E.g. Company A sells $100 million but only makes $2 million in profits per year (PM = 2%), and it is much less efficient than Company B that sells $10 million and makes $1 in profits (PM  = 10%). Company A's costs are too high compared to Company B's costs.  

You might be interested in
"A registered representative has a long-term client who works in a bank. The representative tells the client that he wants to bu
nirvana33 [79]

Answer:

None

Explanation:

Before a bank decides on which interest rate placed on loans given to customers, it will have to be a general agreement between the board of directors in an Annual General Meeting (A.G.M). Or else stated otherwise which is quite rare, interest rates on loans and mortgages are based on a simultaneous agreement. When an interest rate is to be decided for a certain customer, his or her credit scores are evaluated to ascertain the loanee's ability to pay back the loan. When a loanee's credit scores are low, he or she tends to receive a high interest rate on loans and mortgages while when a loanee's credit scores are high, he or she tends to receive a low interest rate on loans and mortgages.

On the case of the client who works in a bank granting the registered representative a mortgage with lower interest rates, this cannot be possible because: first, the client's position in the bank was not clarified and secondly, the registered representative's credit scores will be the evaluation report used by the bank to grant that.

7 0
3 years ago
The cost, in dollars, to produce x designer dog leashes is C ( x ) = 8 x + 3 , and the price-demand function, in dollars per lea
Rzqust [24]

Answer:

Profit maximising price = 48

Explanation:

Total Cost : C (x) = 8x + 3

Demand Curve : p (x) = 88 − 2x

Total Revenue = p (x). x  =  x (88 - 2x) = 88x - 2x^2

Profit maximisation is where Marginal Cost (MC) = Marginal Revenue (MR)

MC = d TC / d Q  =   d (8x + 3) / d x = 8

MR = d TR / d Q = d (88x - 2x^2) / d x = 88 - 4x

Equating MR & MC ,

88 - 4x = 8  , 88 - 8 = 4x

x = 80 / 4 , x = 20

Putting value in demand curve,

p = 88 - 2x = 88 - 2 (20) = 88 - 40

p = 48

3 0
3 years ago
Magnira corp., a manufacturer of hygiene and personal care products, launches a new toothpaste "tidy" that is more effective in
Ivenika [448]
The advertisement of the new toothpaste "tidy" that provides highly valid research information is an example of scientific execution style. It is a type of marketing style that uses research or scientific<span> evidence to give a brand superiority over competitors. The consumer gets scientific information about the product.</span>
5 0
3 years ago
Kellogg's sells many different breakfast cereals, including Corn Flakes, Rice Krispies, Frosted Flakes, Raisin Bran, and Special
11Alexandr11 [23.1K]

Answer:

The answer is false

Explanation:

Breadth, refers to the number of product lines  offered by a firm

6 0
3 years ago
Organizations use ______ in conjunction with work breakdown structures to help management teams identify and eventually analyze
olga_2 [115]

Answer:

Risk Breakdown Structure

Explanation:

According to my research on the different techniques or structures used within organizations, I can say that based on the information provided within the question the term being used is called Risk Breakdown Structure. This structure is a pyramid structure which organizes different project risks and arranges them by category.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

6 0
3 years ago
Other questions:
  • David Wallace was the president, chairman of the board of directors, and majority shareholder of Paper Imports, Inc. Acting as p
    10·1 answer
  • Paul is a very driven person who believes his effort and attitude determines everything. Paul_ 1. believes in the protestant wor
    8·1 answer
  • Write 7÷10, 1÷3, 7÷12 and 8÷10 in order from least to greatest ​
    7·1 answer
  • Preston wants to be an accountant. When he decides on a college education, which would be the best choice for this career?
    9·2 answers
  • In which of the following situations is Aidan a mentee?
    14·2 answers
  • the 360 degree feedback performance appraisal system tries to improve performance ratings by forcing managers to :
    9·1 answer
  • The first step in creating a budget is to
    8·1 answer
  • Suppose the demand for roses increases from 500 to 600 stems when income rises from $10,000 to $20,000. Income elasticity for ro
    14·1 answer
  • For which person would renting a home be a better option than getting a mortgage?
    10·2 answers
  • One pound of material is required for each finished unit. The inventory of materials at the end of each month should equal 25% o
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!