Answered

Westonci.ca offers fast, accurate answers to your questions. Join our community and get the insights you need now. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.

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%

We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Thank you for trusting Westonci.ca. Don't forget to revisit us for more accurate and insightful answers.