Pro X Minbox (340) - nicho jamail. x + tion.com/ext/map/index.html?_con con&external browser-Olaunchurlahttps%253A%252P%252Fmybb.gosu.edu%252Fwebapps% Seved Help Required information {The following information applies to the questions displayed below) Campus Stop, Inc., is a student co-op. Campus Stop uses a perpetual inventory system. The following transactions (summarized) have been selected for analysis $276,700 a. Sold merchandise for cash cost of merchandise $152,590). b. Received merchandise returned by contra as unsatiatactory (but in perfect condition for cash refund (original cost of merchandise $820). c. Sold merchandise (costing $9.450) to a customer on account with terms d. Collected half of the balance oved by the customer in {e). .. Granted a partial allowance relating to credit wales the customer in (e) had not yet paid. 1.610 21.000 10,500 1,820 Required: 1. Computer Net Sales and Gross Profit for Campus Stop, Net Gross Profit # CO & 7 3 4 5 6 8 9 W E R T T U 0 tion.com/ext/map/index.html?con conexternal_browserOlaunchrlehttps%253A%252F%252Fmybb.gosu.edu/4252Fwebapps Seved Help Required Information [The following information applies to the questions displayed below) Campus Stop, Inc., is a student co-op, Compus Stop uses a perpetual inventory system. The following transactions (summarized) have been selected for analysis, $276,700 a. Sold merchandise for cash cont of merchandise $152,590). 6. Received merchandise returned by customers as unsatisfactory (but in perfect condition for cash refund (original cont of merchandise 5910). c. Sold merchandise (costing 59,450) to a customer on mocount with term n/30. d. Collected half of the balance owed by the customer in (e). 1. Granted partial allowance relating to credit sales the customer in C) had not yet paid. 1.610 21,000 10,500 1,820 2. Compute the gross profit percentage (Round your answer to 2 decimal places.) Groen Pol Percuma le 90 ce $ 4 % 5 & 7 3 8 9 0 W E R T Y U P s D F G H K Protix Minbox (340) -nichola@mailox ation.com/ext/map/index.html?_con-con&external_browser=0&launchurahttp%253A%252F%252Fmybb.gosu.edu%252Fwebapps ms Seved Help D Required information The following information applies to the questions displayed below) Campus Stop, Inc., is a student co-op. Campus Stop uses a perpetual Inventory system. The following transactions (summarized) have been selected for analysis: $276.700 4. Sold merchandise for cash cost of merchandise $152,590). b. Received merchandise returned by customers as unsatisfactory (but in perfect conditions for cash refund (original cost of merchandise 9010). 6. Sold merchandise (conting 59,450) to a customer on account with term n/30. d. Collected half of the balance owed by the customer in (e). e. Granted a partial allowance relating to credit sales the customer in (e) had not yet paid. 1.610 21,000 10,500 1,820 4. Campus Stop is considering a contract to sell merchandise to a campus organization for $16,000. This merchandise wit cost Campus Stop $12,500. Would this contract increase for decrease) Compus Stop's dollars of gross profit and its gross profit percentage? TIP: The impact on gross profit dollars may differ from the impact on gross profit percentage. {Round "Gross Profit Percentage to 1 decimal place) Gross Profit Gross Profit Percentage by SO
