Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 05, 2024

A company earned $3,000 in net income for October. Its net sales for October were $10,000. Its profit margin is: O A 33.396 B. 30%

A company earned $3,000 in net income for October. Its net sales for October were $10,000. Its profit margin is: O A 33.396 B. 30% OC.33% OD.3% O. E. 333%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac

10th Edition

B010IKDQZM

More Books

Students also viewed these Accounting questions

Question

★★★★★

"Once we recognize that product differentiation is the basis for much international trade, there are likely to be more winners and fewer losers in a country when the country shifts from no trade to...

Answered: 1 week ago

Question

★★★★★

If an auditors preliminary evaluation of internal controls results in an observation that controls may be inadequate, the next step would be to: a. Expand audit work before the preparation of a final...

Answered: 1 week ago

Question

★★★★★

=+c) Compute the CV and RRR for each decision.

Answered: 1 week ago

Question

★★★★★

Consider the following transactions that occurred in May 2012 for High Roller, Inc. May 1 Purchased $3,000 of inventory from P&M, terms 1/10, n/20. 3 Sold $3,500 of goods to Frames R Us, Inc., terms...

Answered: 1 week ago

Question

★★★★★

True or false? The relationship between public health and social determinants of health is best described as leadership, whose only goal is to acquire more funding for the purpose of hiring personnel...

Answered: 1 week ago

Question

★★★★★

True or false: changing session keys frequently involve more computation cost and communication delau

Answered: 1 week ago

Question

★★★★★

Millikan Oil Drop Lab Purpose . to explore the Millikan Oil Drop experiment . determine the value of the elementary charge Apparatus...

Answered: 1 week ago

Question

★★★★★

What is commonly used by a SOC to engage the IR team as soon as possible

Answered: 1 week ago

Question

★★★★★

CNBE, a prominent news channel, is gearing up to provide insightful coverage of recent elections, recognizing the importance of data-driven analysis. A comprehensive survey has been conducted,...

Answered: 1 week ago

Question

★★★★★

The performance of 20 students on their final test on statistics in 1992 and for the second class of 20 students in 2017 is shown in the columns below. Class of 1992 Class of 2017 80 100 91 99 91 94...

Answered: 1 week ago

Question

★★★★★

A project manager assigns tasks to a team that is not prepared or skilled in the languages required to implement the solution. The team is not able to complete the deliverables adequately. What type...

Answered: 1 week ago

Question

★★★★★

4. Of the compensation, benefits, and incentives practices we discussed in, which would you recommend JDV implement, and why?

Answered: 1 week ago

Question

★★★★★

8. Describe the main retirement benefits.

Answered: 1 week ago

Question

★★★★★

2. Why does Joie de Vivre offer free hotel stays to all employees as part of its incentive plan?

Answered: 1 week ago

Previous Question Next Question