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:

Marketable Discharge Permits

Permits that allow holders to emit a certain amount of pollutants into the environment, which can be bought, sold, or traded, creating an economic incentive for reducing emissions.

Mercury Discharge

The release or emission of mercury, a toxic heavy metal, into the environment, often from industrial sources.

National Environmental Policy Act

A law enacted to ensure that the government gives proper consideration to the environmental impact of major federal actions that could significantly affect the environment.

Council on Environmental Quality

A federal agency within the Executive Office of the President that advises on environmental policies and strategies.