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I need help finding the gross profit and the gross profit percentage, can someone help me please? Required Information [The following information applies to the
I need help finding the gross profit and the gross profit percentage, can someone help me please?
Required Information [The following information applies to the questions displayed below.] Hair World Inc. is a wholesaler of hair supplies. Hair World uses a perpetual Inventory system. The following transactions (summarized) have been selected for analysis: $87,200 a. Sold merchandise for cash cost of merchandise $46, 797) b. Received merchandise returned by customers a unsatisfactory (but in perfect condition) for cash refund (Original cost of merchandise 5630 ) c. Sold merchandise (costing $9.025 ) to a customer on account with terms n/60. d. Collected half of the balance owed by the customer in (e). e. Granted a partial allowance relating to credit sales the customer in (c) had not yet 1,050 19,000 9,500 paid. 304 4. Hair World is considering a contract to sell merchandise to a hair salon chain for $24,000. This merchandise will cost Hair World $14,320. What would be the increase for decrease) to Hair World's gross profit and gross profit percentage? (Round "Gross Profit Percentage" to 1 decimal place.) Gross Profit Gross Profit Percentage Step by Step Solution
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