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

Author Question: Susan's Salon maintains a gross margin of 58 on all of its merchandise. In April the company had a ... (Read 80 times)

berenicecastro

  • Hero Member
  • *****
  • Posts: 581
on: Jun 24, 2018
Susan's Salon maintains a gross margin of 58 on all of its merchandise. In April the company had a beginning inventory of 622,500, net purchases of 92,400, and net sales of 127,700. Use the gross profit method to estimate the cost of ending inventory as of April 30.

Question 2

Flora's Flowers buys some pots and vases with a list price of 26,700. If the supplier offers a trade discount that yields a net price of 12,955, what is the trade discount rate to the nearest tenth of a percent?
 A) 45.1
  B) 49.5
  C) 59.6
  D) 51.5


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

brbarasa

  • Sr. Member
  • ****
  • Posts: 308
Reply #1 on: Jun 24, 2018
Answer to Question 1

661,266

Answer to Question 2

D


berenicecastro

  • Member
  • Posts: 581
Reply 2 on: Jun 24, 2018
:D TYSM

parker125

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Roe deer of Eastern Europe, suit in April/May. Roe deer of Eastern Europe, suit in April/May.
Gross food? Or an American MASTERPIECE? Gross food? Or an American MASTERPIECE?
Convergent Margin—Aleutian Trench, Alaska Convergent Margin—Aleutian Trench, Alaska
A Passive Continental Margin A Passive Continental Margin
Honoré Daumier, Rue Transnonain, April 15, 1834. Honoré Daumier, Rue Transnonain, April 15, 1834.
An Example of a Midlatitude Cyclone: April 18 An Example of a Midlatitude Cyclone: April 18
Video: Introduction to Spirometry

For a complete list of videos, visit our video library