A Company Earned $2,000 in Net Income for October

question 182

Multiple Choice

A company earned $2,000 in net income for October. Its net sales for October were $10,000. Its profit margin is:

• A) 2%.
• B) 20%.
• C) 200%.
• D) 500%.
• E) $8,000.

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Definitions:

Preoperational Stage

A stage in Piaget’s theory of cognitive development, occurring from ages 2 to 7, characterized by symbolic thinking, egocentrism, and a lack of operational thought.

Specific Questions

Targeted inquiries designed to gather more detailed and focused information on a particular topic or aspect.

Childcare Quality

Refers to the adequacy of environments and care practices in childhood settings to facilitate children's development and safety.

Socioemotional Development

Socioemotional development refers to the maturation of emotional skills and social relationships throughout a person's life.