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Requlred Information

$[$The following infomation applies to the questions displayed below$]$

Campus Stop. Incorporated, is a student co$-$op$.$ Campus Stop uses a perpetual inventory system. The following transactions $($summarized$)$ have been selected for analysis:

a$.$ Sold merchandise for cash $($cost of merchandise $$152,70).$

b$.$ Received merchandise returned by custoners as unsatisfactory $($but in perfect condition$)$ for cash refund $($original cost of merchandise $$600).$

c$.$ Sold merchandise $($costing $$9,e)$ to a customer on account with terms n$/30.$

d$.$ Collected half of the balance owed by the customer in $($c$).$

e$.$ Granted a partial allowance relating to credit sales the customer in $($c$)$ had not yet paid.

f: Anticipate further returns of merchandise $($costing $$20)$ after month$-$end from sales made during the month.

$ $275,000$

$1,600$

$20,600$

$10,606$

$1,100$

$700$

$4.$ Campus Stop is considering a contract to sell merchandise to a campus organization for $$15\mathrm{.}000.$ This merchandise will cost Campus Stop $$12\mathrm{.}000.$ Would this contract increase $($or decrease$)$ Campus Stop's dollars of gross profit and its gross profit percentage? TIP: The impact on gross profit dollars may difier from the impact on gross profit percentage. $($Round "Grost Proflt Fercentege" to $1$ decimal place.$)$

$\backslash$table$[[$Gross Profit,,$],[$Gross Profit Percentage,by$,$Po$]]$