The Creative Division of the Barry Company Reported the Following

question 103

Short Answer

The Creative Division of the Barry Company reported the following results for December:
Invested assets                     $1,200,000
Profit margin                                  25%
Return on investment                      30%
Based on this information, what were sales?

---

Definitions:

Confidence

In statistics, it relates to the degree of certainty or reliability in an estimate or test result, often expressed as a confidence interval.

Monetary Error

A monetary error refers to inaccuracies or mistakes in financial transactions or accounting, which can impact financial statements or balances.

Confidence Interval

It refers to the range within which we expect a population parameter to lie with a certain degree of confidence, based on sample data.

Sample Mean

The average value of a given characteristic within a sample drawn from a population.