What is the new profit margin with a 15-percent reduction in the cost of goods and materials purchased, assuming sales and other costs remain unchanged?
A retailer operating a network of home improvement stores has annual sales of $800 million,
annual cost of goods and materials purchased of $500 million, and net income of $125 million.
A) 10%
B) 15%
C) 20%
D) 25%
D) 25%
You might also like to view...
A sales forecast is an example of an organizational control from the _____ area.
A. physical B. informational C. human resources D. financial E. capital
Raul and Bianca are partners. Raul has a capital balance of $50,000 and Bianca has a capital balance of $37,000. Bianca sells half of her ownership interest to Bill for $20,500. Which of the following is TRUE of the journal entry to record this transaction?
A) Bianca, Capital is credited for $18,500 and Raul, Capital is debited for $18,500. B) Bill, Capital is credited for $20,500 and Raul, Capital is debited for $20,500. C) Bill, Capital is credited for $18,500 and Bianca, Capital is debited for $18,500. D) Bianca, Capital is credited for $20,500 and Raul, Capital is debited for $20,500.
The significance of the Railway Labor Act is that it:
A. Was declared unconstitutional and was seen as a major blow to the labor movement. B. Set the stage for national legislation that protected workers rights to unionize and bargain collectively. C. Was the first major piece of labor legislation to require collective bargaining in all industries. D. Required union representation on the governing boards of railway companies.
Under the Equal Protection Clause, all governmental action that treats two classes of citizens differently will be invalid
a. True b. False Indicate whether the statement is true or false