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lions [1.4K]
3 years ago
12

During the year ended December 31, 2017, State Street Corporation had the following results: Sales revenue $267,000: cost of goo

ds sold $107,000: net income $92,400: operating expenses $55,400: net cash provided by operating activities $108,950. How much is the company’s profit margin? 40.0% 20.5% 60.0% 34.6%
Business
1 answer:
mel-nik [20]3 years ago
5 0

Answer:

34.6%

Explanation:

The formula to compute the company's profit margin is shown below:

Profit margin = (Net income) ÷ (sales revenue) × 100

                     = ($92,400) ÷ ($267,000) × 100

                     = 34.60%

It shows a relationship between the net sales or sales revenue and the net income which is earned by the company. All other items which are mentioned in the question are irrelevant. So, these are not considered in the computation part. Hence, ignored it

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A monopoly firm can sell 150 units of output for $10 per unit. Alternatively, it can sell 151 units of output for $9.98 per unit
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If A monopoly firm can sell 150 units of output for $10 per unit. The marginal revenue of the 151st unit of output is $6.98.

<h3>Marginal revenue</h3>

Using this formula

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Learn more about marginal revenue here:brainly.com/question/10822075

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