all if the work should be on the same excel sheet . create skeletal p&l statement for each .

Sales Productivity Method of Space Allocation - Method of Selling Cost Percent - Relationship between gross wages and allocating space whereby the space to be allocated to a depart net sales for a salesperson, department, store, or other retail format ment or merchandise category is based on sales the product has Skeletal Profit-and-Loss Statement (Operating Statement achieved in the past on a square-foot basis. or Income Statement) - Presentation of figures summarizing Selling Space - The total floor space devoted to selling activities, income, cost of merchandise sold, and expenses for a specific including aisles, fitting rooms, and stock rooms adjacent to the period, usually a month, season, or year, seling department Units per Transaction - A reflection of sales productivity whereby Sales Transaction - The processing of one sale. gross units purchased are divided by the number of transactions Chapter 3 . Summary Problems 1. Construct a skeletal profit-and-loss statement. Calculate profit or loss percent. Cross out the incorrect word (profitrioss). Net sales $561.800 Cost of merchandise sold 275,280 Expenses 253,936 2. Construct a skeletal profit-and-loss statement. Calculate profit or loss percent. Cross out the incorrect word (profit/loss). Gross sales $341.420 Customer returns 29,870 Cost of merchandise sold 161,570 Expenses 138,140 3. Set up a skeletal profit-and-loss statement with the following figures: Net sales $1,560,800 Cost of merchandise sold 753,860 Profit 76,480