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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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Marizza181 [45]

Answer:

Adjusted bank account balance = Adjusted cash book balance = $34,500

Explanation:

Note: The correct requirement of this question is actually as follows:

Prepare a bank reconciliation.

It is not the ones erroneously stated in the question.

The bank reconciliation can now be prepared as follows:

Wolfpack Bread Inc.

Bank Reconciliation

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Statement of Adjusted Bank Account Balance

Details Amount ($)

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Add:

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Less:

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Add:

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Less:

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Other reconciling items (w.1) (279)

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Working:

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2 years ago

What global marketing opportunities and challenges would you face if the simulation were based on a real-world international sit

Dominik [7]

Answer:

The answer is stated below:

Explanation:

The challenges which one would face and these are:

1. Hiring especially and retaining the top talent.

2. Secure the budget.

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4. Trained professionals.

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When the company or firm faces the limitations grounded on the real world situations then all of the mentioned above will be a challenge for the company. The firm or the company will have to meet the fluctuation which is linked with the economic conditions as well as the currency.

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So, assumptions should be made in such a way that they safeguard or protect the company but should not be such that it will limit the company growth.

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2 years ago

The costs of organizing a corporation include legal fees, fees paid to the state of incorporation, fees paid to promoters, and t

Deffense [45]

Answer:

expensed as incurred

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2 years ago

Knight Company reports the following costs and expenses in May.

Marina86 [1]

Answer:

A. Consider all indirect manufacturing costs

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