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:

Anxiety

A feeling of worry, nervousness, or unease, typically about an imminent event or something with an uncertain outcome.

Post-formal Thought

A stage of cognitive development that goes beyond Piaget's formal operational stage, involving more complex, reflective, and contextual thinking.

Tacit-knowledge

Unwritten, unspoken, and hidden vast store of knowledge gained through experience, which is hard to transfer to another person by writing it down or verbalizing it.

Deductive Reasoning

Type of logical reasoning that moves from a general premise about a class to a conclusion about a particular member or members of the class.