A Company Had a Profit Margin of 8

question 33

Multiple Choice

A company had a profit margin of 8%.If net income equaled $40,000 and average total assets equaled $332,500,how much were net sales?

• A)$3,200
• B)$500,000
• C)$26,600
• D)$4,156,250
• E)$372,500

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Definitions:

Relativistic

Pertaining to the view that concepts such as moral values and truth are not absolute but are relative to the perspectives or cultures from which they originate.

Autonomous

Describes entities or individuals that are self-governing, self-directing, and capable of making decisions independently from others.

Dualistic

Pertaining to an understanding or philosophical view that involves two distinct and often opposing concepts or entities.

Pragmatic Thought

In Labouvie-Vief’s theory, a type of thinking where logic is used as a tool to address everyday problems and contradictions are viewed as part of life.