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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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Securities not listed on one of the exchanges trade in the over-the-counter market. In this exchange, dealers "make a market" by
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(C) doing both of the above

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2 years ago
How old do you have to be to buy a lighter in texas
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Answer:

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A school band performs a spring concert for a crowd of 600 people. the revenue for the concert is $3150. there are 150 more adul
Alla [95]
In this item, we let the number of tickets sold to the adults as x. With this, we can let the number of tickets sold to students with y. 

In this item, we are given that the sum of the number of students and adults is equal to 600. Further, we are also given that the difference is 150. The system of linear equation that would allow us to solve this item is,

               x + y = 600
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Adding up the two equations will give us,
              2x = 750
Dividing by 2,
              x = 375

Substituting this value to the first equation,
          375 + y = 600
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3 years ago
During 2018, businesses may elect to immediately expense up to $__________ of qualified real property placed in service that yea
alex41 [277]

Answer:

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