A Company Earned $3,000 in Net Income for October

question 46

Multiple Choice

A company earned $3,000 in net income for October. Its net sales for October were $10,000. Its profit margin is:

• A) 333%.
• B) 33%.
• C) 33.3%
• D) 3%.
• E) 30%.

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Definitions:

Bonuses

Additional compensation given to employees as a reward for their performance, often based on achieving certain targets or goals.

Stock Exchange

A marketplace where securities, such as stocks and bonds, are bought and sold.

TSX

The TSX refers to the Toronto Stock Exchange, a major global exchange located in Canada, primarily featuring Canadian-based companies.

Listing Requirements

Listing requirements are the criteria established by stock exchanges that companies must meet to be listed and continue trading on the exchange.