A Company Earned $3,000 in Net Income for October

question 11

Multiple Choice

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

• A)3%.
• B)30%.
• C)33%.
• D)333%.
• E)$7,000.

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Definitions:

Anticipation Of Delivery

Expectation or preparation for the receipt of goods or items that have been ordered, prior to their actual arrival.

Range Free

Often associated with farming and food production, indicating animals that are raised without being confined in tight spaces and have some degree of outdoor access.

Accord

A formal agreement between two or more parties, especially countries or organizations.

Satisfaction

The satisfaction or appeasement of a want, necessity, or craving.