Calculate the Return on Sales for a Business That Has

question 32

Multiple Choice

Calculate the return on sales for a business that has net income of $25,000 and sales of $60,000.

• A) 0.52
• B) 4.2
• C) 42%
• D) 4.2%

Understand the components of a job application form and their purposes.

Grasp the external factors influencing recruitment effectiveness.

Understand the challenges faced by recruiters in the current job market.

Identify the costs associated with poor hiring decisions.

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Definitions:

IFRS

IFRS, or International Financial Reporting Standards, are globally accepted standards for accounting that guide how transactions and other accounting events are reported in financial statements.

Financial Accounting Standards Board

An independent organization that establishes financial accounting and reporting standards in the United States.

U.S. Accounting Standards

The accounting principles, standards, and procedures established by the U.S. Financial Accounting Standards Board (FASB) for domestic companies.

GAAP

Generally Accepted Accounting Principles, a collection of commonly-followed accounting rules and standards for financial reporting.