Financial Information Is Presented Below The Profit Margin Would Be
A)$28

question 161

Multiple Choice

Financial information is presented below: $$\begin{array} { l r } \text { Operating expenses } & \$ 28,000 \\\text { Sales returns and allowances } & 7,000 \\\text { Sales discounts } & 3,000 \\\text { Sales revenue } & 150,000 \\\text { Cost of goods sold } & 98,000\end{array}$$ The profit margin would be

• A)$28.
• B)$09.
• C)$30.
• D)$10.

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Definitions:

State Governments

The governing bodies of individual states within a federation, responsible for legislating and implementing state-specific laws and regulations.

Eminent Domain

The right of a government to expropriate private property for public use, with compensation to the owner.

Governmental Taking

The act by a government of seizing private property for public use, typically with compensation, under the right of eminent domain.

Private Property

Land or belongings owned by individuals or entities that are not the government, protected by law from unauthorized use or trespass.