All categories

3 years ago

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

Antiques R Us is a mature manufacturing firm. The company just paid a dividend of $11.90, but management expects to reduce the p

GrogVix [38]

Answer:

The price of the stock is $66.5

Explanation:

The constant growth model of the DDM approach will be used to calculate the price of such a stock today.

The formula for the constant growth model is,

P0 or V = D0*(1+g) / r - g

As the growth rate in the company's dividedn is negative, the growth rate will be -5%.

The price of the stock is,

P0 = 11.9 * ( 1 - 0.05) / 0.12 + 0.05

P0 = $66.5

6 0

3 years ago

There are many different workplaces in the Architecture and

V125BC [204]

Answer:

The non public area of a large building

Explanation:

There is no public traffic to content with and ample space to work.

3 0

3 years ago

Read 2 more answers

Everything else held constant, when a country's currency depreciates, the country's goods abroad become ________ expensive and f

oksian1 [2.3K]

Everything else held constant, when a country's currency depreciates, the country's goods abroad become less expensive and foreign goods in that country become more expensive.

5 0

3 years ago

Read 2 more answers

Because texas generally has low rates of –------ , individual effects on the texas political process are likely to be :______

ollegr [7]

Because texas generally has low rates of low, individual effects on the texas political process are likely to be: low

This is further explained below.

<h3>What is texas's political process?</h3>

Generally, The development of problems marks the beginning of the policymaking process in Texas, which then continues on through five additional stages: the establishment of agendas, the selection of policies, the adoption of policies, the implementation of policies, and the assessment of policies.

In conclusion, Individual influences on the political process in Texas are anticipated to be modest because of the state's relatively low crime rate and low rate of poverty.

Read more about the texas political process

brainly.com/question/27140282

#SPJ1

5 0

2 years ago

Competitive advantage is based:________.

vaieri [72.5K]

Answer:

b. on a higher cost structure.

Explanation:

competitive advantages are attributed to a variety

of factors including cost structure, branding, the

quality of product offerings, the distribution network,

intellectual property, and customer service.

8 0

2 years ago