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Arisa [49]
3 years ago
8

Damita company reported net income of $48,025 and net sales of $425,000 for the current year. calculate the company's profit mar

gin.
Business
1 answer:
spin [16.1K]3 years ago
5 0
<span>Damita company reported net income of $48,025 and net sales of $425,000 for the current year.calculate the company's profit margin.

 We have
 net sales = $425,000
 and
 net income=$48,025
 profit margin=net income/net sales * 100
=48025/425000 * 100 = 11.3%
 Ans = profit margin = 11.3%</span>
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3 0
1 year ago
Three people were fired at abc corporation. eugene was fired because he was incompetent. rita was fired because she was unethica
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5 0
2 years ago
Which of the following types of teams is the most autonomous?A. Self-managing teamsB. Quality circlesC. Semiautonomous work grou
coldgirl [10]

Explanation:

Autonomy -

It is refers to the degree to which the workers have the freedom , discretion , independence , so as to decide when and how to accomplish their jobs .

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7 0
3 years ago
A company’s retained earnings increased $375,000 last year and its assets increased $973,000. The company declared a $79,000 cas
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Answer:

C. $454,000.

Explanation:

We know that

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$375,000 = $0 + net income - $79,000

So, the net income would be

= $375,000 + $79,000

= $454,000

The ending balance of retained earnings - Opening balance of retained earnings is also known as increase in retained earning

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3 years ago
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