What is the formula foodservice managers use to calculate a profit margin?
A) Total sales ÷ Net income = Profit margin
B) Prime cost ÷ Net income = Profit margin
C) Net income ÷ Total sales = Profit margin
D) Prime costs ÷ Total sales = Profit margin
Correct Answer:
Verified
Q18: When an operation increases it sales, its
Q19: When an operation increases it sales, its
Q20: A manager calculates labor cost percentages for
Q21: In the last quarter an operation had
Q22: What is a cost that would be
Q24: What is the formula managers use to
Q25: Last year an operation had sales of
Q26: Managerial accounting is the process used to
Q27: A Uniform Systems of Accounts describes the
Q28: Cost of Sales is the first numerical
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents