Homework Help is Here – Start Your Trial Now!
Business
Accounting
1. Annie bought one dozen smartphones for P200,000.00 with a discount of 5%. She sold half a dozen at a price of P18,000.00 per unit. However, a new model of smartphones became available in the market, so she sold the remaining half dozen @ P12,000.00 each unit. What was her profit or loss? Compute the following requirements: a. Gross profit rate b. Operating profit margin rate c. Net profit margin rate d. Return on Investment 1. Is creativity present in the operation of ordinary small businesses along the streets and highways and in your neighborhood? Why do you say so? 2. Do you consider the business practices of small business owners a form of entrepreneurship?

1. Annie bought one dozen smartphones for P200,000.00 with a discount of 5%. She sold half a dozen at a price of P18,000.00 per unit. However, a new model of smartphones became available in the market, so she sold the remaining half dozen @ P12,000.00 each unit. What was her profit or loss? Compute the following requirements: a. Gross profit rate b. Operating profit margin rate c. Net profit margin rate d. Return on Investment 1. Is creativity present in the operation of ordinary small businesses along the streets and highways and in your neighborhood? Why do you say so? 2. Do you consider the business practices of small business owners a form of entrepreneurship?

College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter2: T Accounts, Debits And Credits, Trial Balance, And Financial Statements
Section: Chapter Questions
Problem 6QY: What would be the net income for Floress Catering? a. 45,500 b. 16,800 c. 19,800 d. 10,800
See similar textbooks
icon
Related questions
Question
1. Annie bought one dozen smartphones for P200,000.00 with a discount of 5%. She sold half a dozen at a price of P18,000.00 per unit. However, a new model of smartphones became available in the market, so she sold the remaining half dozen @ P12,000.00 each unit. What was her profit or loss? Compute the following requirements: a. Gross profit rate b. Operating profit margin rate c. Net profit margin rate d. Return on Investment 1. Is creativity present in the operation of ordinary small businesses along the streets and highways and in your neighborhood? Why do you say so? 2. Do you consider the business practices of small business owners a form of entrepreneurship?
Transcribed Image Text:1. Annie bought one dozen smartphones for P200,000.00 with a discount of 5%. She sold half a dozen at a price of P18,000.00 per unit. However, a new model of smartphones became available in the market, so she sold the remaining half dozen @ P12,000.00 each unit. What was her profit or loss? Compute the following requirements: a. Gross profit rate b. Operating profit margin rate c. Net profit margin rate d. Return on Investment 1. Is creativity present in the operation of ordinary small businesses along the streets and highways and in your neighborhood? Why do you say so? 2. Do you consider the business practices of small business owners a form of entrepreneurship?
Expert Solution
steps

Step by step

Solved in 3 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781337280570
Author:
Scott, Cathy J.
Publisher:
South-Western College Pub
SEE MORE TEXTBOOKS