Answered: Net income is $15,000, operating…

Net income is $15,000, operating expenses are $20,000, net sales total $75,000, and sales revenues total $95,000. How much is the profit margin? a. 20% b. 16% c. 75% d. 79%

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter14: Decentralized Operations

Section: Chapter Questions

Problem 3SEQ: Division A of Kern Co. has sales of $350,000, cost of goods sold of $200,000, operating expenses of...

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Question

How much is the profit margin on these general accounting question? Not use ai and chatgpt

Net income is $15,000, operating expenses are $20,000, net
sales total $75,000, and sales revenues total $95,000. How
much is the profit margin?
a. 20%
b. 16%
c. 75%
d. 79%

Definition Definition Structural system an enterprise uses to collect, store, report, retrieve, and process financial data. Accounting information systems are used by business analysts, auditors, accountants, and consultants for accurate and efficient access to financial data.

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