scaryshark09
∞∆ who let 'em cook dis long ∆∞
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does anyone know how to do profit margin for b?
The answer I got is wrong, and want to check if the solutions are right or not
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COMM1140 QUESTION (1 Viewer)
- Thread starter scaryshark09
- Start date
does anyone know how to do profit margin for b?
The answer I got is wrong, and want to check if the solutions are right or not
When the transaction in part b) occurs, net profit after tax (NPAT) will decrease since the inventory is sold at a loss, and at the same time sales revenue increases by $30,000. Since profit margin = NPAT/Sales, this means that the profit margin will decrease