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3 years ago

a company earned $3,000 in net income for october. its net sales for october were $10,000. its profit margin is

Business

1 answer:

kari74 [83]3 years ago

6 0

Answer:

30%

Explanation:

The computation of the profit margin is shown below:

Given that

Net income earned for the month of October = $3,000

And, the net sales for the month of October is $10,000

Based on the above information, the profit margin is

= Net income ÷ Net sales

= $3,000 ÷ $10,000

= 30%

By dividing the net income from the net sales we can get the profit margin and the same is to be considered

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A company has sales of $375,000 and its net income is 54,250. its gross profit is $157,500. its cost of goods sold equals: a 7.6

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Answer:

$217,500

Explanation:

We know that the

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3 years ago

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4 years ago

Danny "Dimes" Donahue is a neighborhood’s 9-year-old entrepreneur. His most recent venture is selling homemade brownies that he

allochka39001 [22]

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3 years ago

Cameron Manufacturing Co.'s static budget at 5,000 units of production includes $40,000 for direct labor and $5,000 for variable

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Answer:

C) variable costs of $72,000 and $25,000 of fixed costs

Explanation:

To determine the flexible budget we must first calculate the variable costs of producing 8,000 units:

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3 years ago