Delmont Movers has a profit margin of 7.1 percent and net income of $63,700. What is the common-size percentage for the cost of goods sold if that expense amounted to $522,600 for the year? Group of answer choices

0.5825 or 58.25%

Explanation:

If the profit margin is 7.1% and net income is $63,700, total revenue for Delmont Movers is given by:

The common-size percentage for the cost of goods sold (COGS), since the cost of goods sold is $522,600, is:

The common-size percentage for the cost of goods sold is 0.5825 or 58.25%

it's actually a very difficult task, due to not many people can make 2 million dollars in 2 years. besides that, to the not-so-realistic ideas, you can create a business. it could be practically anything, but make it into a business that isn't that known yet, you get me? also, lets not forget about stock market. that's where all the good stuff happens. use investments at the beginning and begin to raise up your business or whatever you're going to do. as this is a very non-realistic idea, it's still worth the shot!

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