Answered

At Westonci.ca, we connect you with the best answers from a community of experienced and knowledgeable individuals. Our Q&A platform provides quick and trustworthy answers to your questions from experienced professionals in different areas of expertise. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.

Financial information is presented below: Operating expense s $ 45,000 Sales returns and allowance s 3,000 Sales discount s 7,000 Sales revenu e 160,000 Remaining Time: 2 hours, 04 minutes, 55 seconds. Cost of goods sol d 96,000 Question Completion Status: The pro t margin would be

Sagot :

ayokenny2001

Answer:

See below

Explanation:

Sales revenue

$160,000

Sales discount

($7,000)

Sales return and allowance

($3,000)

Net sales

$150,000

Cost of goods sold

($96,000)

Gross income

$54,000

Operating expenses

($45,000)

Net income/ operating income

$9,000

Profit margin = (9,000/160,000) × 100

Profit margin = 56.25%

Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. We hope this was helpful. Please come back whenever you need more information or answers to your queries. Thank you for trusting Westonci.ca. Don't forget to revisit us for more accurate and insightful answers.