Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Need the % for the Ability to Achieve Gross Profit Percent of 30%. Customer refunds and returns Assume the following data for Alpine Technologies for

image text in transcribed

Need the % for the Ability to Achieve Gross Profit Percent of 30%.

Customer refunds and returns Assume the following data for Alpine Technologies for the year ending July 31, 2012. Sales $900,000 Estimated percent of sales expected to be refunded or issued an allowance in 20Y3 1.5% Estimated cost of inventory expected to be returned in 2093 $6,000 Indicate the effects of the adjustment for estimated customer refunds and returns on the liquidity metric working capital and profitability metric gross profit percent. Enter amounts that decrease net income as negative values. Round percentage values to 1 decimal place. Metric Effects Liquidity Profitability Ability to Achieve Gross Profit Percent of 30% Transaction Working Capital July 31 -7,500 Decrease 29.6 X %)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_2

Step: 3

blur-text-image_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

Throughput Modeling Financial Information Used By Decision Makers

Authors: Waymond Rodgers

1st Edition

0762303409, 978-0762303403

More Books

Students also viewed these Accounting questions