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    Fundamental Accounting Principles Study Set 1
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    Exam 3: Adjusting Accounts and Preparing Financial Statements
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    A Company Earned $3,000 in Net Income for October
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A Company Earned $3,000 in Net Income for October

Question 46

Question 46

Multiple Choice

A company earned $3,000 in net income for October. Its net sales for October were $10,000. Its profit margin is:


A) 333%.
B) 33%.
C) 33.3%
D) 3%.
E) 30%.

Correct Answer:

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