Question

What is the estimated profit margin for the upcoming year, considering a profit margin of $50,000 last year and an expected revenue of $1,160,000 from sponsorships this year, with additional expenses?

A) $50,000

B) $250,000

C) $910,000

D) $1,218,800

Answer 1

The estimated profit margin for the upcoming year cannot be determined without information about expected expenses.

Step-by-step explanation:

The estimated profit margin for the upcoming year can be calculated by subtracting the expected expenses from the expected revenue. The profit margin is the profit as a percentage of the revenue. In this case, the profit margin would be ($1,160,000 - expenses) / $1,160,000.

However, the question doesn't provide information about the expected expenses, so we cannot calculate the profit margin.

Therefore, we cannot determine the correct answer from the given options.