A Firm Reports a Net Profit Margin of 10

question 93

Multiple Choice

A firm reports a net profit margin of 10.0% on sales of $3 million when ignoring the effects of financing.If taxes are $200,000, how much is EBIT?

• A)$100,000
• B)$300,000
• C)$500,000
• D)$700,000

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Definitions:

Rock 'n' Roll Music

a genre of popular music that originated in the United States in the late 1940s and early 1950s, characterized by a simple, energetic style and influenced by blues, country music, and rhythm and blues.

African-American Rhythm-and-Blues

A genre of popular music originating in the African American communities in the 1940s, characterized by a strong rhythm, blues influence, and incorporating jazz, gospel, and rock and roll elements.

Early Jazz

A style of music characterized by distinctive rhythms and improvisation, emerging in the early 20th century, particularly in New Orleans.

COLA

Cost Of Living Adjustment, an increase in income or benefits to offset inflation, ensuring that purchasing power is maintained despite rising prices.