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

---

Definitions:

Original Order

The primary or initial instruction or request made before any changes or alterations.

Packing Slip

A document included with a shipment that lists all of the items being delivered, used for verification and inventory purposes.

Shipment

The act of sending goods or cargo from one place to another, usually by sea, air, or land transport.

Graphic Symbols

Visual symbols used to represent ideas, objects, or actions; employed in various forms of communication like signs, maps, and designs.