A company earned $5,000 in net income for November. Its net sales for November were $20,000. Its profit margin is: A) 10% B) 20% C) 25% D) 50% E) $5,000
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- During the current year. Plainfield Manufacturing earned income of $845,000 from total sales of $9,350,000 and average capital assets of $13,500,000. What is the sales margin?During the current year, Plainfield Manufacturing earned income of $845,000 from total sales of $9,350,000 and average capital assets of $13,500,000. Using the sales margin from the previous exercise, what is the total ROI for the company during the current year?Prada Company maintains a mark up of 60% based on sales. The company's selling and administrative expenses average 30% of sales. Annual sales were P 1,440,000. How much should the company record as its cost sales and operating profit for the year?
- In the Augie Company, sales were $750,000, sales returns and allowances were $30,000, and cost of goods sold was $450,000. The gross profit % (rate) was a) 41.7%. b) 40%. c) 37.5%. d) 36%.Dior Merchandising Company maintains a markup of 60% based on Sales. The company’s selling and administrative expenses average 30% of Sales. Annual Sales were P 1,440,000. How much should the company record as its operating profit for the year?a company reported a sale revenue for $700000. the gross profit margin is 60% and the selling expenses are 10% of the sales revenue. the general and administrative expenses are $77000 and the income tax rate for the current year is 25%. compute the net income
- Creswell Corporation's fixed monthly expenses are $29,000 and its contribution margin ratio is 56%. Assuming that the fixed monthly expenses do not change, what is the best estimate of the company's net operating income in a month when sales are $95,000? a. $12,800 b. $24,200 c. $53,200 d. $66,000A company sold 500 units of its product at a selling price of $50 per unit. The COGS for the month using the FIFO method was calculated as $11,500. What is the gross profit for the month? Options: A. $12,500 B. $13,500 C. $14,000 D. $15,000Your Corporation's fixed monthly expenses are $18,500 and its contribution margin ratio is 62%. Assuming that the fixed monthly expenses do not change, what is the best estimate of the company's net operating income in a month when sales are $62,000? a) $38,440 b) $19,940 c) $5,060 d)$23,560