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

question 271

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)33.3%

Analyze factors contributing to social loafing and how to mitigate it.

Understand the mechanisms behind the effectiveness of minority influence.

Comprehend the principles driving attraction and relationship dynamics.

Recognize the role of proximal and distal factors in influencing attitudes and behaviors in romantic relationships.

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Definitions:

Marginal Product

The additional quantity of output produced by using one more unit of a given input.

Total Revenue

Total revenue is the overall amount of money generated by a firm from its sales activities, calculated as the price of goods or services sold multiplied by the quantity sold.

Marginal Product

The additional output produced as a result of adding one more unit of a specific input, keeping all other inputs constant.

Total Revenue

The overall income generated by a business from selling its goods or services before any costs are deducted.