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Required Information [ The following information applles to the questions displayed below. ] Vanishing Games Corporation ( VGC ) operates a massively multiplayer online game,

Required Information
[The following information applles to the questions displayed below.]
Vanishing Games Corporation (VGC) operates a massively multiplayer online game,
charging players a monthly subscription of $12. At the start of January 2021, VGC's income
statement accounts had zero balances and Its balance sheet account balances were as
follows:
In addition to the above accounts, VGC's chart of accounts Includes the following: Service
Revenue, Salarles and Wages Expense, AdvertisIng Expense, and Utilitles Expense. The
following transactions occurred during the January month:
a. Recelved $65,250 cash from customers on 11 for subscriptlons that had already been
earned and charged on account in 2020.
b. Purchased 10 new computer servers for $34,600 on 12; pald $14,400 cash and signed a
three-year note for the remalnder owed.
c. Pald $12,600 for an Internet advertisement that ran today on 13.
d. On January 4, purchased and recelved $3,300 of supplles on account.
e. Recelved $215,000 cash on 15 from customers for service revenue earned but not
previously recorded in January.
f. On January 6, pald $3,300 cash for supplles purchased on January 4.
g. On January 7, sold 19,200 subscriptions at $12 each for services provided during January.
Half was collected in cash and half was sold on account.
h. Pald $420,000 in wages to employees on 130 for work done in January.
On January 31, recelved an electric and gas utillty bill for $5,250 for January utllity
services. The bill will be pald in February.
Calculate net profit margin, expressed as a percent. (Round your answer to 1 decimal place.)* I NEED THE ANSWER FOR THIS IN PERCENT FOR NET PROFIT MARGIN PLEASE*
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