Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 04, 2024

Louis Corporation discloses the following information for a period: Sales $1,000, Profit margin 25%, Gross margin 57%, and Operating margin 37.5%. What is the companys

Louis Corporation discloses the following information for a period: Sales $1,000, Profit margin 25%, Gross margin 57%, and Operating margin 37.5%. What is the companys net income in the period?

Group of answer choices

$1,000

$570

$375

$250

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

Finance Applications And Theory

Authors: Marcia Cornett, Troy Adair, John Nofsinger

2nd Edition

0073530670, 9780073530673

More Books

Students also viewed these Finance questions

Question

★★★★★

Reva gave her daughter a passive activity last year that had an adjusted basis of $75,000. The activity had suspended losses of $35,000 and a fair market value of $120,000. In the current year, her...

Answered: 1 week ago

Question

★★★★★

Estimate the total food energy needed for the planets population assuming a diet of 2400 Calories/day/person. Compare to the global food production rate stated in the text.

Answered: 1 week ago

Question

★★★★★

Discuss the role of leaders in the U.S. Civil War in the context of position, power, and social influence. Examples are Lincoln, Davis, Lee, Grant, and Joshua Lawrence Chamberlain.

Answered: 1 week ago

Question

★★★★★

Curiosity Corner sells books and various other reading-related products. One of the stores most popular reading-related products is a book pillow for hard cover and soft cover books. The pillows each...

Answered: 1 week ago

Question

★★★★★

Louis Corporation discloses the following information for a period: Sales $1,000, Profit margin 25%, Gross margin 57%, and Operating margin 37.5%. What is the companys net income in the period? Group...

Answered: 1 week ago

Question

★★★★★

Exercise 4 (30 points) Beer Delivery purchased a delivery truck for a price of $5,000 on January 1, 2020. Related expenditures consist of sales taxes equal to $1,000, painting and lettering for $500,...

Answered: 1 week ago

Question

★★★★★

What system was Manusmriti and what kind of system would have been the system, mention the four castes described in Manusmriti ?

Answered: 1 week ago

Question

★★★★★

Assume stock ABC has a Sharpe ratio of 0.8. Let's say there is a portfolio with 50% weight in stock ABC and 50% weight in risk-free asset, what is the portfolio's Sharpe ratio based on this...

Answered: 1 week ago

Question

★★★★★

1. If the present value of $280 paid one year from now is $250, what is the one- year discount factor? *Make sure to input all currency answers without any currency symbols or commas, and use two...

Answered: 1 week ago

Question

★★★★★

If I have a product that I want to use in my buisness that cost $75,000 to instill, and I use the product 20 times per week at a cost of $98 per person, what is my break even point?

Answered: 1 week ago

Previous Question Next Question