Calculate the Net Income If the Net Margin Is 75

question 203

Multiple Choice

Calculate the net income if the net margin is 75% and sales are $160,000.

• A) $120,000
• B) $240,000
• C) $360,000
• D) $570,000
• E) $600,000

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Definitions:

18th Amendment

An amendment to the United States Constitution that prohibited the manufacture, sale, and transportation of alcoholic beverages, later repealed by the 21st Amendment.

Alcohol Consumption

Refers to the intake of beverages containing ethanol, which can have varying effects on health and behavior.

Per Capita Consumption

The average consumption of a particular resource or product per person within a population.

Current Drinkers

Individuals who have consumed alcohol within a specified recent period and continue to do so.