A Company Has a Profit Margin of 5

question 173

Multiple Choice

A company has a profit margin of 5%.If net income is equal to $83,000 and average total assets is equal to $45,000,how much are net sales?

• A)$4,150
• B)$2,250
• C)$1,660,000
• D)$6,400
• E)$128,000

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Definitions:

Increases Sales

The process of boosting the number of products or services sold, often through marketing, promotion, or improving sales tactics.

Excellent Customer Service

The provision of outstanding assistance and support to customers before, during, and after a purchase, exceeding expectations.

Salesperson

An individual who sells goods or services to customers, often directly interfacing with them.

Relationship Marketing

A strategy designed to foster customer loyalty, interaction, and long-term engagement.