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On October 1 , the Business Students Society ( BSS ) placed an order for 2 2 0 golf shirts at a unit cost of
On October the Business Students Society BSS placed an order for golf shirts at a unit cost of $ under terms n
The order was received on October but some golf shirts differed from what had been ordered. Uncertain whether the shirts would be returned or kept, BSS decided to record any purchase discount only when taken using the gross method
On October golf shirts were returned to the supplier.
On October BSS complained the remaining golf shirts were slightly defective so the supplier granted a $ allowance.
BSS paid for the golf shirts on October
During the first week of October, BSS received student and faculty orders for golf shirts, at a unit price of $ on terms n
The golf shirts were delivered to these customers on October Unfortunately, customers were unhappy with the golf shirts, so BSS permitted them to be returned or given an allowance see h and i Uncertain whether customers would keep or return the shirts, BSS decided to record any sales discount only when taken using the gross method
On October onehalf of the golf shirts were returned by customers to BSS
On October an allowance was given on account equal to $ per shirt for the remaining shirts.
The customers paid their remaining balances on the last day of the month, October No further returns are expected.
Determine the percentage of net sales that is available to cover operating expenses other than cost of goods sold. Round your answer to decimal place.
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