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:

Jurors

Members of a trial or grand jury who are selected to examine the evidence in a legal case and make a decision or finding of fact.

Trial

A formal judicial proceeding where parties present evidence and arguments to a judge or jury for a legal dispute resolution.

Plaintiff

The party who initiates a lawsuit in a court of law by filing a complaint against the defendant seeking a legal remedy.

Damages

A monetary award sought as a remedy for a breach of contract or a tortious act.