1. Gross margin is often mentioned in the business press as an important measure of success. What does gross margin measure, and why is it important?

2.Inventory costing $9,600 is purchased and invoiced on July 28 under terms of 2/10, n/30. Compute the payment amount on August 6. How much would the payment be on August 9? What explains the difference? What is the latest acceptable payment date under the terms of sale?

Gross margin is often mentioned in the business press as an important measure of success. What does gross margin measure, and why is it important? Inventory costing $9,600 is purchased and invoiced on July 28 under terms of 2/10, n/30. Compute the payment amount on August 6 . How much would the payment be on August 9 ? What explains the difference? What is the latest acceptable payment date under the terms of sale