Profit Margin Is Defined As

question 142

Multiple Choice

Profit margin is defined as:

• A)Revenues divided by net sales.
• B)Net sales divided by assets.
• C)Net income divided by net sales.
• D)Net income divided by assets.
• E)Assets divided by net sales.

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Definitions:

Double Taxation

The imposition of two or more taxes on the same income, asset, or financial transaction.

Income Tax

Income tax is a tax levied by governments on individuals or entities based on their income or profits, with rates varying according to income levels.

Consumption

Households utilizing products and services for their needs.

Horizontal Equity

The principle that individuals with similar income and ability should be treated equally by the taxation system, ensuring fairness.