Damita company reported net income of $48,025 and net sales of $425,000 for the current year. calculate the company's profit margin.

Damita company reported net income of $48,025 and net sales of $425,000 for the current year.calculate the company's profit margin.

 We have
 net sales = $425,000
 and
 net income=$48,025
 profit margin=net income/net sales * 100
=48025/425000 * 100 = 11.3%
 Ans = profit margin = 11.3%

Loan Payment for a new car

Explanation:

Loan payments are a set figure that one has to pay. The only way to reduce the loan payments on a new car would be to refinance the loan and for the payments to be lower, the interest rate needs to be lower and finding such rates will be quite difficult.

If one tries to pay less than they ought to be paying, they will be held in default and the car could be repossessed along with their credit rating suffering. This is therefore the most difficult to adjust.