A Company Has a Profit Margin of 8

question 178

Multiple Choice

A company has a profit margin of 8%.If net income is equal to $40,000 and average total assets is equal to $332,500,how much are net sales?

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

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Definitions:

Soil Horizons

Layers in the soil, each with its own distinct characteristics such as composition, texture, and color, developed over time.

Facilitation Model

A concept in ecology suggesting that the presence of one species positively affects the growth, establishment, or reproduction of another species, often leading to a more complex community structure.

Soil Enriched

Soil that has been enhanced in nutrients and organic matter, improving fertility and the ability to support plant growth.

Growth Rate

The rate at which an organism grows, often measured in terms of size, height, or mass increase over time.