The Following Financial Statement Information Is Available for James Corporation

question 183

Multiple Choice

The following financial statement information is available for James Corporation: $\begin{array}{lrr}&2017&2016\\\text { Net sales } & \$ 780,000 & \$ 697,000 \\\text { Cost of goods sold } & 406,000 & 377,000 \\\text { Net income } & 120,000 & 80,000 \\\text { Tax expense } & 48,000 & 29,000 \\\text { Interest expense } & 14,000 & 14,000\end{array}$ The profit margin ratio for 2017 is

• A) 15.4%.
• B) 47.9%.
• C) 32.1%.
• D) 13.5%.

Analyze the operation and management of condominium developments, including rights and obligations of unit owners.

Understand and identify different branding strategies.

Recognize the significance of brand naming and the criteria for selecting a good brand name.

Grasp the concept and importance of brand equity and its building process.

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Definitions:

Price Elasticity

The extent to which demand for an item varies with a shift in its cost.

Income Elasticity

An indicator of the variation in demand for a product based on alterations in consumer income.

International Value

The worth of a product, service, or currency as recognized and accepted across different countries and economies.

Agricultural Exports

Products derived from farming and agriculture that are sold by one country to other countries, which can include crops, livestock, and other agricultural produce.