If net income equals $60,000, and net sales equal $500,000, what is the profit margin?
a. 12%
b. 1.20%
c. 0.83%
d. 8.33%
a
You might also like to view...
________ marketing by nonprofit or government organizations furthers a cause
A) Corporate societal B) Brand C) Causal D) Social E) Place
The most frequently used method of collecting data for business research is the
A) questionnaire. B) interview. C) experiment. D) observation. E) online database search.
Which of the following statements is CORRECT?
A. Assets other than cash are expected to produce cash over time, and the amounts of cash they eventually produce should be exactly the same as the amounts at which the assets are carried on the books. B. The primary reason the annual report is important in finance is that it is used by investors when they form expectations about the firm's future earnings and dividends and the riskiness of those cash flows. C. The annual report is an internal document prepared by a firm's managers solely for the use of its creditors/lenders. D. The four most important financial statements provided in the annual report are the balance sheet, income statement, cash budget, and the statement of stockholders' equity. E. Prior to the Enron scandal in the early 2000s, companies would put verbal information in their annual reports along with the financial statements. That verbal information was often misleading, so today annual reports can contain only quantitative information-audited financial statements.
The ad for F.N. Inc., an investment bank, states that the company is "Ranked #1 by Trading World magazine." In this scenario, the ad is using a(n) ________ appeal.
A. favorable price B. competitive advantage C. emotional D. product popularity E. product feature