FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Why A 18.75%?? Company A purchased 50 items for S 750. In addition shipping costs were S 50 (FOB Shipping point). The Company returned 10

Why A 18.75%?? image text in transcribed
Company A purchased 50 items for S 750. In addition shipping costs were S 50 (FOB Shipping point). The Company returned 10 items for full credit. They then sold the inventory for $ 20 a piece. The gross profit percentage on the sale of the inventory was? A. I 18.75 %) B. 25% C. 17.5% D. 21.615% E. None of the 0%, 0% 0% 0% 0% 096 \ above 18.75 % 25 % 17.5 % 21.615 None of the above

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

Introductory Statistics For The Behavioural Sciences

Introductory Statistics For The Behavioural Sciences

Authors: Joan Welkowitz, Robert B. Ewen, Jacob Cohen

2nd Edition

0127432604, 9780127432601

More Books

Students also viewed these Accounting questions

Question

★★★★★
Outline reasonable mechanisms that account for the products of the following Mannich reactions: (a) (b) (c) NMe2 Me2N NMe2 + 2 Me2NH CH3 CH

Answered: 1 week ago

Question

★★★★★
=+2 What methods are most likely to reveal the evidence they need to make judgements and decisions about the suitability of candidates?

Answered: 1 week ago

Question

★★★★★
6.40 Let X be a binomial random variable for n=25, p=0.2. a. Use Table 1 in Appendix I to calculate P(4 X 6). b. Find and or for the binomial probability distribu- tion, and use the normal...

Answered: 1 week ago

Question

★★★★★
Consider the following data for two products of Rowena Manufacturing. Required 1. Using direct labor hours as the basis for assigning overhead costs, determine the total production cost per unit for...

Answered: 1 week ago

Question

★★★★★
Record X 1 X 2 X 3 X 4 R 1 3 5 1 2 R 2 1 4 2 5 R 3 2 2 4 3 R 4 2 3 1 4 R 5 4 1 3 2 To Keep the calculations simple, for this analysis we will not rescale the data. Consider a clustering that combines...

Answered: 1 week ago

Question

★★★★★
Suppose labor cost in the soft drink industry increase. 16. In the situation above, producer surplus in the soft drink market will | everything else held constant. Remain unchanged Be ambiguous...

Answered: 1 week ago

Question

★★★★★
Which examples of headings, lists, and colons show correct capitalization? Instruction: Choose all options that best answer the question. Answer Choices The CFO released the document "Taxation...

Answered: 1 week ago

Question

★★★★★
haimi, [25/05/2022 3:47 PM] A small business enterprise makes dresses and trousers. To make a dress requires 2 hours of cutting and 2 hours of sewing. To make trousers requires 1 hour of cutting and...

Answered: 1 week ago

Question

★★★★★
A training organisation purchases aheavy volume copier for large workloadson 1/7/2022 for $36,000 [GST exclusive]. It has a useful life of 4 years and a residual value of $4,000 [GST exclusive]....

Answered: 1 week ago

Question

★★★★★
The given multivariable function is as follows: f ( x , y ) = ky 2 - 2 y 3 - kx 3 + 2 kxy . A. Given that the function f ( x,y ) in the Assumptions section has a critical point at (0,0), use a second...

Answered: 1 week ago

Question

★★★★★
How often should braille accommodations be provided? A. Never, not enough people use it. B. Always, regardless of how many people use it. C. Sometimes if it was requested by someone who needs it. D....

Answered: 1 week ago

Question

★★★★★
=+4. To what extent do you think there is a business model for microfinance in the developed economies?

Answered: 1 week ago

Question

★★★★★
=+What do you think about the CDFI Fund, establish in 1994?

Answered: 1 week ago

Question

★★★★★
=+3. Have a look at the article Community Investing Pays181 on the Socialfunds.com Web site (http://www.socialfunds.com/news/article. cgi/article945.html). Does the author make a convincing case that...

Answered: 1 week ago

Previous Question Next Question