Organizational Behavior
Organizational Behavior
OER 2019 Edition
ISBN: 9781947172715
Author: OpenStax
Publisher: OpenStax College
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Chapter 19, Problem 12CRQ

How do ethics impact decision-making with small-business owners?

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A company had $5 million in sales, $3 million in cost of goods sold, and $1 million in selling and administrative expenses during the last fiscal year. If the company's income tax rate was 25%, what was the company's gross profit margin percentage? a. 20% b. 50% c. 30% d. 40%
The balance in the office supplies account on June 1 was $16,300, supplies purchased during June were $4,300, and the supplies on hand at June 30 were $3,100. The amount to be used for the appropriate adjusting entry is:
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