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Orlov [11]
1 year ago
15

You have just reviewed the financial statements of Penelope's Candy Store (PCS). You have determined that PCS has a Profit Margi

n of 19%. How do you explain this to owner Penelope Hassey?
Business
1 answer:
Contact [7]1 year ago
3 0

Answer and Explanation:

Penelope Hassey has to assume that the total sale of the firm is $100 and given that the Profit Margin ratio is 19%.

The scenario shows that on every $100 of sale company get a net profit margin of $19

Note :

Profit margin = Net sales × Profit margin ration

Profit margin = $100 × 19%

Profit margin = $19

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Last month Brent lost his job at the auto parts factory because his factory, like many others, relocated to Asia. Brent has been
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7 0
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What would it cost to put new carpeting in a room measuring 15 feet by 20 feet if the carpet costs $16.95 per square yard, plus
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Calculate for the area of the carpet by multiplying the dimensions given.
                       Area = Length x width
                      Area = (15 ft) x (20 ft) = 300 ft²
Then, convert the calculated area to yard² with the conversion factor of 1 yard = 3 ft.
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Then, multiply this area in square yards with the cost per yd².
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                    <em>total cost = $815</em>
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2 years ago
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