Maintained markup is 39 percent, net sales are $52,000, and reductions are $2,500. What are the gross
Question:
Maintained markup is 39 percent, net sales are $52,000, and reductions are $2,500. What are the gross margin in dollars and the initial markup as a percentage? Explain why initial markup is greater than maintained markup.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 83% (18 reviews)
Gross margin GM Maintained markup Reductions GM 52000 x 39 2500 GM 20280 2500 GM 177...View the full answer
Answered By
Mary Njunu
I posses Vast, diversified knowledge and excellent grammar as a result of working in ACADEMIC WRITING for more than 5 years. I deliver work in various disciplines with assurance of quality work. I purpose at meeting the clients’ expectations precisely. Let’s work together for the best and phenomenal grades.
4.90+
928+ Reviews
2551+ Question Solved
Related Book For
Retailing Management
ISBN: 978-1259573088
10th edition
Authors: Michael Levy, Barton Weitz, Dhruv Grewal
Question Posted:
Students also viewed these Business questions
-
A departments maintained markup is 38 percent, reductions are $560, and net sales are $28,000. Whats the initial markup percentage?
-
1. Given the soft-goods targets, are these marked correctly? If not, what should the initial retail price be to obtain her 60 percent minimum initial markup percentage? 2. By noon another shipment...
-
Maintained markup is 39 percent, net sales are $52,000, alterations are $1,700, shrinkage is $500, markdowns are $5,000, employee discounts are $2,000, and cash discounts are 2 percent. What are...
-
When they hear the name Credit Suisse, my grandchildren will likely have to google (or whichever search engine exists then) these two words. For most of my contemporaries here in Switzerland, Credit...
-
James Wilson is a new staff accountant for Zoie's Beauty Supply. He has asked you to review the financial statements prepared for April to find and correct any errors. Review the income statement and...
-
Consider the discrete-time system y(n) = ay(n 1) + (1 0) x (n) n 0 where a = 0.9 an dy (-1) = 0. (a) Compute and sketch the output y1(n) of the system to the input signals x1(n) = sin2f1n 0n100,...
-
Apex Electrical Supply, Inc., purchased inventory for \($2,000\) and also paid \($125\) freight to have the inventory delivered. Apex Electrical Supply, Inc., returned \($500\) of the goods to the...
-
Calculating Flotation Costs Southern Alliance Company needs to raise $30 million to start a new project and will raise the money by selling new bonds. The company has a target capital structure of 60...
-
Zunooj Pvt. Ltd, is a new small manufacturing firm of formals and casuals wears. Product range includes, shirts, T-Shirts (Full & Half sleeves), trousers, jeans etc. As it is a newly introduced firm,...
-
Assume an algorithm that takes log 2 n microseconds to solve a problem. Find the largest input size n such that the algorithm solves the problem in time in 24 days. a) 2 140000 b) 2 1440000 c) 2...
-
Mens Wearhouse purchased black leather belts for $15.99 each and priced them to sell for $29.99 each. What was the markup on the belts?
-
What is the difference between bundled pricing and multiple-unit pricing?
-
Luster, Inc., produces the basic fillings used in many popular frozen desserts and treatsvanilla and chocolate ice creams, puddings, meringues, and fudge.Luster uses standard costing and carries over...
-
A force of 50.0 N is used to push a 9.00 kg box down a 17 incline. There is a coefficient of kinetic friction of 0.405. Determine the acceleration of the box. Give your answer in 3 significant...
-
What role does organizational storytelling play in transmitting and preserving cultural values, myths, and legends, and how can narratives be strategically employed to align individual and collective...
-
Short answer questions: two sentences or formulas at most. (a) Why can't there be any kind of comparison-based binary search tree that allows any sequence of n elements to be inserted in O(n) total...
-
A camera is equipped with a lens with a focal length of 2 4 cm . When an object 2 . 3 m ( 2 30 cm ) away is being photographed, how far from the film should the lens be placed?
-
How does organizational culture serve as a dynamic system of shared values, beliefs, and norms that shape patterns of behavior, decision-making processes, and institutional practices within complex...
-
Using your solution to problem 1, do the following: a. Add the view layer classes and the data access classes to your diagram. You may do this with two separate diagrams to make them easier to work...
-
Which of the following statements is false? a. Capital leases are not commonly reported in a Capital Projects Fund. b. A governmental entity may report a Capital Project Fund in one year but not the...
-
Why is the target market placed in the center of the four Ps in the text diagram of a marketing strategy (Exhibit 2-4)? Explain, using a specific example from your own experience.
-
If a company sells its products only from a website, which is accessible over the Internet to customers from all over the world, does it still need to worry about having a specific ta r get market?...
-
Explain, in your own words, what each of the four Ps involves.
-
Copr. Goedl UFacture is considering a new stamping machine. The machine costs $225,000. new machine can be used to generate $66,000 in annual revenue. Cash operation expens are estimated to be...
-
Titanic Corporation's net income for the year ended December 31, 2022, is $380,000. On June 30, 2022, a $0.75 per-share cash dividend was declared for all common shareholders. Outstanding at the time...
-
. Develop a pricing strategy for your product/service. Consider factors such as cost, competitor pricing, and perceived value. Psychological Pricing (300 words): Discuss how psychological factors...
Study smarter with the SolutionInn App