Calculate Net Income Given the Following Information: Fixed Asset Turnover

question 3

Multiple Choice

Calculate net income given the following information: fixed asset turnover = 8 times; profit margin = 18.75%; net fixed assets = $30,000.

• A) $42,000
• B) $43,000
• C) $44,000
• D) $45,000
• E) $46,000

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Definitions:

Unobtrusive

Not conspicuous or attracting attention; discreet and not easily noticed.

Durkheim

Reiterating, a sociologist who explored the complex relationship between individual actions and broader social forces, illustrating how societal norms and values influence behavior.

Ethnomethodology

The study and analysis of the ways in which people make sense of their social worlds, practices, and interactions, focusing on the everyday.

Macro-sociological

Related to or involving the analysis of large-scale social processes and structures.