Panhead's Bike Shop had net sales of $382,500 and the cost of goods sold were $172,300. Operating expenses were $107,645 and owner's equity is $437,645. Calculate the net profit margin. (Round to the nearest tenth)
A) 40.4%
B) 34.8%
C) 26.8%
D) 22.8%
C
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Which of the following is not a source of cash?
a. Sale of equipment below book value at a loss b. Issuance of bonds payable below par value at a discount c. Collection of a long-term note receivable from a customer d. Declaration of a cash dividend to be paid in the next accounting period
Why would Belinda, owner of GC Micro, a $70 million company that manufactures customized IT equipment and software for Fortune 1000 companies and defense contractors, decide to invest in a total quality management (TQM) program?
A. because TQM programs are considerably more effective in improving manufacturing and assembly activities than they are in improving such value chain activities as R&D, human resources management, supply chain management, information technology, sales, and marketing and finance B. because a TQM program nearly always contributes more to the achievement of operating excellence than either business process reengineering or Six Sigma quality control techniques C. because TQM programs are generally considered the best tool for reengineering strategy-critical business processes D. because a TQM program entails creating a corporate culture bent on continuously improving the performance of every task and every value chain activity E. because a TQM program deals exclusively with procedures to achieve defect-free manufacturing and assembly
Close your thank-you note with a request for a second interview
Indicate whether the statement is true or false
U.S. government securities are ________
A) real estate investments B) equity securities C) debt securities D) forward contracts