Determine the customer return percent when gross sales are $138,300 and net sales are $127,430. Round your answer to two decimal places and add a percent sign (i.e. 15.37%).
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chapter 3
7. Determine the customer return percent when gross sales are $138,300 and net sales are $127,430. Round your answer to two decimal places and add a percent sign (i.e. 15.37%).
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- chapter 3 4. Given the information below, what is the profit percent? Round your answer to two decimal places and add a percent sign (i.e. 15.37%) Gross Sales $341,420 Customer Returns 29,870 Cost of Goods Sold 161,570 Expenses 138,140Calculate the returns percentage for the Missy top department for Fall if gross sales are $5,750,000 and the return dollars are $3,160,000. Write answer to two decimal places with the % symbol, example 6.23%chapter 3 3. Given the information below, what is the profit dollars? Round your answer to the dollar and add a dollar sign and comma separator (i.e. $15,467) Gross Sales $341,420 Customer Returns 29,870 Cost of Goods Sold 161,570 Expenses 138,140
- b) Calculate mark-up (in percentage to 2 decimal places)c) Calculate the margin as a % to 1 decimal placed) What is the operating profit margin percentage if the selling expense isreduced by 25%? Show this to nearest whole number %e) Define the following and provide respective examples.f) If a company has a mark-up of 27% and sales revenue of £130,597, thenwhat is the cost of sales in whole £’s?g) If a company has a net margin of 50%, gross margin of 66.67% and costs of sale of £1,150,000, then what is the sales revenue and overhead?A store has a gross margin of 39.00% and retail reductions of 35.00%. What is the initial markup percentage (Show two decimal places)?A retailer ordered merchandise totaling $127,115.23 with terms 2.5%/10 net 30. What is the effective rate of return? (Simplify your answer completely. Assume there are 365 days in a year. Round your answer to one decimal place.)
- Assume Juniper Natural Dyes made Net Sales Revenue of $90,000 and Cost of Goods Sold totaled $58,000. What was Juniper Natural Dyes’s gross profit percentage for this period? (Round your answer to the nearest whole percent.) a. 36% b. 3.4 times c. 64% d. 17%A retailer ordered merchandise totaling $128,115.23 with terms 3.5%/10 net 40. What is the effective rate of return? Assume there are 365 days in a year.Where do you get 1.10 the one you multiple by 30% of gross profit
- What is the threshold for reporting a major customer? 5 percent of revenues. 5 percent of profits. 10 percent of revenues. 10 percent of profits.Your company has sales of $97,200 this year and cost of goods sold of $71,200. You forecast sales to increase to $113,100 next year. Using the percent of sales method, forecast next year's cost of goods sold.Refer to the original data. Compute the company's margin of safety in both dollar and percentage terms. (Round your percentage answer to 2 decimal places (i.e. 0.1234 should be entered as 12.34).)