Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 28, 2024

Express the gross margin as a percentage if: Gross sales:$283,000 Customer returns: $7,000 Billed cost of goods: $137,000 Inward freight: $5,000 Workroom charges: $3,000 Cash

Express the gross margin as a percentage if:

Gross sales:$283,000

Customer returns: $7,000

Billed cost of goods: $137,000

Inward freight: $5,000

Workroom charges: $3,000

Cash discounts:6%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: Carl Warren

13th Edition

1133607616, 978-1133607618

More Books

Students also viewed these Accounting questions

Question

★★★★★

It is the first day of your new job as an accounting intern. In the elevator on the way to your cubicle, a gentleman in the elevator (that you later learn is the controller of the company) says to...

Answered: 1 week ago

Question

★★★★★

How does an investor record the receipt of a cash divi- dend on an available-for-sale investment? How does this investor record receipt of a stock dividend?

Answered: 1 week ago

Question

★★★★★

Why should a confidence interval for the parameter being tested be reported along with the results of the hypothesis test?

Answered: 1 week ago

Question

★★★★★

Lisa Mendes and Brad Lee work in the sales department of an AT&T Wireless Store. Lisa has been signing in an average of 48 new cell phone customers every month with a standard deviation of 22, while...

Answered: 1 week ago

Question

★★★★★

Merced Inc. issued 20-year, 6 percent semiannual coupon bonds with par value of $1,000. The bond price is quoted at 110% of the par. What is its pre-tax cost of debt? 2.60 percent 3.79 percent 4.66...

Answered: 1 week ago

Question

★★★★★

Question 42 (4 points) To use the direct write-off method of accounting for bad debts, the proper journal entry would be a) Dr. Bad Debt Expense Cr. Accounts Receivable b) Dr. Bad Debt Expense Cr....

Answered: 1 week ago

Question

★★★★★

Your team wants to compare two mean values after gathering eye tracking data of users who engaged with the Insurance Dashboard in Figure 1. You, as IT manager, suggest that they consider two...

Answered: 1 week ago

Question

★★★★★

What operating system and currently supported version have you used and what about itdid you not like?Explain why.

Answered: 1 week ago

Question

★★★★★

( 1 5 p ) A pizza restaurant is planning for a 7 - hour night delivery service. At night it gets requests for pizza deliveries every 3 0 minutes, and it estimates that on average a delivery can take...

Answered: 1 week ago

Question

★★★★★

Compose an essay describing the pros/cons of three well designed Linux live CDs for digital forensics. Provide at least one peer-reviewed journal article.

Answered: 1 week ago

Question

★★★★★

Attached you will find a case study. Using the knowledge, you gained by working through the Competency 1 material you will read the case study and write an essay whose body is from three to five...

Answered: 1 week ago

Question

★★★★★

3. How can rumours about someone contribute to creating the behaviour we expect him / her to have? Use examples from your own everyday life.

Answered: 1 week ago

Question

★★★★★

2. How can the expectations we have of a person contribute to the image we have of him / her? Give some examples from your own everyday life.

Answered: 1 week ago

Question

★★★★★

9. Discuss the statement: If the actors mainly act on the basis of a view of human-ity as driven by self-interest, and incorporate this idea into their models, they may end up with their premises...

Answered: 1 week ago

Previous Question Next Question