An All-Equity Firm Reports a Net Profit Margin of 10

question 88

Multiple Choice

An all-equity firm reports a net profit margin of 10% on sales of $3 million.If the tax rate is 40%,what is the pretax profit

• A) $100,000
• B) $300,000
• C) $500,000
• D) $800,000

---

Definitions:

1970s

A decade marked by significant political, social, and cultural change globally, recognized for movements advocating for civil rights, environmental issues, and a shift in music and fashion.

Jimmy Carter

Jimmy Carter was the 39th President of the United States, serving from 1977 to 1981, known for his commitment to peace and human rights.

Presidency

The office and function of the President, the head of state and government in a republic, especially referring to the executive branch in the United States.

Accomplishments

Achievements or completed goals that are often recognized and celebrated for their level of success or contribution to a particular field or activity.