A Company Had $7,000,000 in Net Income for the Year

question 104

Multiple Choice

A company had $7,000,000 in net income for the year. Its net sales were $15,200,000 for the same period. Calculate its profit margin.

• A) 85.4%.
• B) 46.1%.
• C) 53.9%.
• D) 217.1%.
• E) 117.1%.

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Definitions:

Campaign Promises

Commitments made by politicians to voters during their campaigns for office, outlining what they intend to accomplish if they get elected.

Reuptake

The process by which neurotransmitters are taken back into the synaptic vesicles of a neuron after being released, stopping their action on neighboring neurons.

Dopamine

A neurotransmitter involved in many functions, including mood regulation, reward-motivated behavior, and control of movement.

Norepinephrine

A neurotransmitter and hormone involved in the body's fight or flight response, regulating heart rate, blood pressure, and blood sugar among other physiological functions.