Question
Gross Sales $212,000 Returns 7% Gross Margin $90,500 Expenses 32% Additional Income $5,600 Given the above information, find the following ( each answer is worth
Gross Sales $212,000
Returns 7%
Gross Margin $90,500
Expenses 32%
Additional Income $5,600
Given the above information, find the following ( each answer is worth 5% each) I suggest you complete an entire P&L statement first, then answer each question:
What is the return %
What is the Cost of Merchandise $ ?
What is the Expense $?
What is the final profit $?
What is the final profit %?
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Management Accounting A Business Planning Approach
Authors: Noah P. Barsky, Jr. Anthony H. Catanach
2nd Edition
1516506286, 978-1516506286
