1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Orlov [11]
3 years ago
15

You have just reviewed the financial statements of Penelope's Candy Store (PCS). You have determined that PCS has a Profit Margi

n of 19%. How do you explain this to owner Penelope Hassey?
Business
1 answer:
Contact [7]3 years ago
3 0

Answer and Explanation:

Penelope Hassey has to assume that the total sale of the firm is $100 and given that the Profit Margin ratio is 19%.

The scenario shows that on every $100 of sale company get a net profit margin of $19

Note :

Profit margin = Net sales × Profit margin ration

Profit margin = $100 × 19%

Profit margin = $19

You might be interested in
The former CEO of Sam's Club, a division with its own profit-and-loss responsibility, Rosalind Brewer, reported to Walmart's CEO
mart [117]

Answer:

B. strategic business unit

Explanation:

Based on the information provided within the question it can be said that in this situation Sam's Club is therefore a strategic business unit of Walmart. This term refers to a mostly autonomous division of a large company or corporation which is completely independent and focuses and a specific range of products or activities. They also deal with their own profit-and-loss.

7 0
4 years ago
Your assistant wants to use secondary data exclusively for the current marketing research project. You advise him that the use o
Rudik [331]

Answer:

D) It is generally more expensive to obtain than primary data.

Explanation:

A) It may not exist.

Problem. Primary data may not yet be available due to its sensitivity of the primary data.

B) It may not be relevant

Problem. Published data may not be applicable to your region. For example published data for Asia might not be applicable to Africa.

C) It may not be impartial.

Problem. Primary data used to create the secondary data might not treated all rivals equally.

D) It is generally more expensive to obtain than primary data.

Not a problem. Secondary data is not expensive as compared to primary data.

E) It may not be current.

Problem. Primary data collected might be out of date thus can not be used recent decisions as many things would have changed.

7 0
3 years ago
A customer buys 100 shares of ABC at $17 as the initial transaction in a new margin account. The customer must deposit:______
Elena L [17]

Answer:

$1,700

Explanation:

Although the minimum equity to open a long margin account is $2,000. However, this does not apply if the securities in the account are paid fully.

It will amount to potential loss if a customer is asked to deposit more than 100% when buying. Since the customer wants to buy 1,700 of stock, it means that 100% or $1,700 (100 shares × $17) must be deposited.

3 0
3 years ago
Jim has a full-time job and occasionally designs Web sites for individuals and businesses. At the end of the year, Jim files his
andre [41]

A) Yes, because the government requires individuals to report income earned from an employer and other sources.

His side gig was the equivalent of self contracting. He would definitely have to report of he made over $400.
6 0
3 years ago
Which of the following is a communication tool that can be used to strengthen a salesperson's presentation? A. testimonial B. th
adoni [48]

Answer:

E) all of the above

  • A. testimonial
  • B. the product itself
  • C. portfolio
  • D. advertisements

Explanation:

Testimonials are statements that support your credibility, reputation or level of expertise.

If you are trying to sell something, it always helps to be able to show the physical product.

You should keep updated your sales portfolio specially with any new deal or promotion offered by the company or different discount prices.

Advertisements always help by making more people know about your product.

7 0
4 years ago
Other questions:
  • Why do Marketers use perceptual maps as a means to display or graph in two dimensions the location of products or brands?
    9·1 answer
  • Holmes Company produces a product that can either be sold as is or processed further. Holmes has already spent $50,000 to produc
    14·1 answer
  • "a british study involving more than 11,000 participants indicated that brain-training activities over a period of six weeks ___
    14·1 answer
  • A company can manufacture a product with off-the-shelf hand tools. Fixed manufacturing costs are $1200 for tools and $1.60 manuf
    14·1 answer
  • The first year of operations for Grayton Company is 2017. Given this information for 2017:_______. Pretax book income $90,000Est
    6·1 answer
  • During the 1920s, competition increased and businesspeople realized they had to do more than just focus on manufacturing, which
    9·1 answer
  • Mighty Manny, Incorporated, manufactures ice scrapers and distributes them across the midwestern United States. Mighty Manny is
    5·1 answer
  • Centre College, a private liberal arts college in Central Kentucky, charged (billed) tuition and fees of $50,000 based on the re
    13·1 answer
  • Why are organizational goals broken into sub goals that are assigned to departments
    9·1 answer
  • Your portfolio has grown from $2500 to $3800 what is the percent of the growth rate
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!