1. Annie bought one dozen smartphones for P200,000.00 with a discount of 5%. She sold half dozen at a price of P18,000.00 per unit. However, a new model of smartphone became available in the market, so she sold the remaining half dozen @ P12,000.00 each unit. What was her profit or loss? Answer the given problem. Compute the following requirements: a. Gross profit rate b. Operating profit margin rate C. Net profit margin rate d. Return on Investment Now ask yourself the following questions: 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. Will you consider the daily business practices of the small owner within the concept of entrepprenuership? Why?

1. Annie bought one dozen smartphones for P200,000.00 with a discount of 5%. She sold half dozen at a price of P18,000.00 per unit. However, a new model of smartphone became available in the market, so she sold the remaining half dozen @ P12,000.00 each unit. What was her profit or loss? Answer the given problem. Compute the following requirements: a. Gross profit rate b. Operating profit margin rate C. Net profit margin rate d. Return on Investment Now ask yourself the following questions: 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. Will you consider the daily business practices of the small owner within the concept of entrepprenuership? Why?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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For Year 8, compute gross profit for each company.
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