The profit margin is the financial gain from a sale after the costs of providing the sold product have been deducted. Thus, the statement is true.
<h3>What is the profit margin?</h3>
Profit margin is the portion of sales that a company keeps after all costs are subtracted. It essentially displays the percentage of each dollar of sales that is kept as profit. A 15% profit margin, for instance, means that a company keeps $0.15 from every dollar of sales produced.
Comparing the firm's operations to those of a best-in-class company, maybe in a different industry, is another way to increase your profit margin. This comparison could point out several operational tweaks that could be done to raise profit margins.
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If none of the children are willing to pay than the bank will take the house back if the father had a loan on it.
Answer:
The market for lettuce would be impacted in three ways: labor supply would increase, meaning that lettuce producers can now hire more workers for a lower price.
This cheaper labor would likely increase supply, because more producers would try to enter the market to take advantage of the cheap workers.
Finally, the lower labor costs, and the higer supply, would reduce the price of lettuce, meaning that consumers will be able to buy more lettuce for less money.
Answer:
Deferred tax asset $174000
Explanation:
The computation of the amount of deferred tax asset or liability for the year 2021 is shown below:
= Income in the year 2021 × enacted tax rate for the year 2021
= $870,000 × 20%
= $174,000
By multiplying the income for the year 2021 with the enacted tax rate for the year 2021 we can get the deferred tax asset and the same is shown above
If carrie's company manufactures household appliances under the brand names best baker and crafty cook, as well as cleaning supplies under the names refresh and mrs. patton's cleaning supplies. this description details carrie's company's product mix.
<h3>What is product mix?</h3>
A product mix can be defined as the amount of products that are related that a company produced or manufactured under the same company brand.
Most companies tend to make use of product mix by producing items that are similar using the same company brand name for all their items just as in the given scenario in which the company produces or manufactures best baker and crafty cook under the same brand names.
One of the advantage of making use of product mix is that it enables companies to easily get to their customers.
Therefore we can cocnclude that the scenario best illustrate an example of product mix.
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