Bridgeport corp. reported net sales of $256,800, cost of goods sold of $122,300, operating expenses of $48,000, net income of $41,800, beginning total assets of $493,100, and ending total assets of $591,900. calculate profit margin and gross profit rate. (round answers to 1 decimal place, e. g. 10.5%.)
profit margin enter percentages rounded to 1 decimal place %.
gross profit rate enter percentages rounded to 1 decimal place %.

The answers are:

A) Net profit margin rate = 16.3%

B) Gross profit margin rate = 52.4%

Explanation:

A) Net profit margin rate can be calculated using the following equation:

Net profit margin rate = ($41,800 / $256,800) x 100

Net profit margin rate = 16.3%

B) Gross profit margin rate can be calculated using the following equation:

Gross profit margin rate = [($256,800 - $122,300) / $256,800] x 100

Gross profit margin rate = 52.4%

answer: a. the kind of population living in your neighbourhood.

the census explorer data tool by the us census bureau allows the user to zoom in on any neighbourhood within the united states and find the kind of people residing in that by race and age.  

the tool needs to needs to be used twice – once in order to find what type of people reside in a neighbourhood, and then to see the age groups of the people in the same neighbourhood.

answer; normative economics;