This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Determine the gross margin percent for a department with the following figures: Net sales 350,000 ... (Read 68 times)

jazziefee

  • Hero Member
  • *****
  • Posts: 505
on: Sep 11, 2018
Determine the gross margin percent for a department with the following figures:
  Net sales 350,000
  Net purchases 135,600
  Opening inventory 120,000
  Closing inventory 82,000
  Freight inward 6,400
  Cash discounts 8,950
  Alteration costs 4,950
 
  a. 49.71
  b. 49.0
  c. 49.91
  d. 48.57

Question 2

Sales per square foot for the dress department of a chain store average 260 annually. If the annual sales for this department in a new store unit are planned at 260,000, what amount of space should be allocated to the new department?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Loise Hard

  • Sr. Member
  • ****
  • Posts: 340
Reply #1 on: Sep 11, 2018
Answer to Question 1

a. 49.71

Answer to Question 2

Space for new department = 260,000  260 = 1,000 sq. ft.


jazziefee

  • Member
  • Posts: 505
Reply 2 on: Sep 11, 2018
Excellent

nguyenhoanhat

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Gross Anatomy of a Long Bone Gross Anatomy of a Long Bone
Convergent Margin—Aleutian Trench, Alaska Convergent Margin—Aleutian Trench, Alaska
How to convert fractions to decimals to percent How to convert fractions to decimals to percent
Determine exact value of tan2x,sin2x, and cos2x Determine exact value of tan2x,sin2x, and cos2x
The system moves at 1.50 2 m/s while the inclined planes are rough. a) Determine the ... The system moves at 1.50 2 m/s while the inclined planes are rough. a) Determine the ...
Twenty percent of the automobiles inspected at a state inspection station required repairs to ... Twenty percent of the automobiles inspected at a state inspection station required repairs to ...
Video: Inflammation Animation

For a complete list of videos, visit our video library