Given the Information Below, Determine This Organization's Gross Profit Margin

question 48

Multiple Choice

Given the information below, determine this organization's gross profit margin: Net Sales Revenue $300,000 Cost of Goods Sold $150,000 Net Profit $20,000
Total Assets_$250,00

• A)^30%
• B)^20%
• C)^50%
• D)^15%
• E)^{none of these choices are incorrect}

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Definitions:

Cognitive Development

The study of how thinking, problem solving, and intelligence change and mature through childhood into adulthood.

Object Permanence

The understanding that objects continue to exist even when they cannot be perceived.

Sensorimotor Stage

The first of the four stages of cognitive development in Piaget's theory, occurring from birth to age 2, where infants learn about the world through their sensory impressions and motor activities.

Object Permanence

The understanding that objects continue to exist even when they cannot be observed (seen, heard, touched, smelled, or sensed in any way).