2. A salesperson records the following daily expenditures (in Php) during a 10-day trip. 185.34 234.55 211.86 147.65 205.60 216.74 1345.75 184.16 320.45 88.12 In your opinion, does the mean or the median of the expenditures best represent the salesperson's average daily expenditure? Explain your reasoning.

2. A salesperson records the following daily expenditures (in Php) during a 10-day trip. 185.34 234.55 211.86 147.65 205.60 216.74 1345.75 184.16 320.45 88.12 In your opinion, does the mean or the median of the expenditures best represent the salesperson's average daily expenditure? Explain your reasoning.

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Sellall Department Stores reported the following amounts as of its December 31 year-end: Administrative Expenses, $2,400; Cost of Goods Sold, $22,728; Income Tax Expense, $3,000; Interest Expense, $1,600; Interest Revenue, $200; General Expenses, $2,600; Net Sales, $37,880; and Delivery (freight-out) Expense, $300. Required: 1. Calculate the gross profit percentage. 2. How has Sellall performed, relative to the 24.5 percent gross profit percentage reported for Walmart in 2019? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer.)check all that apply Sellall Department Stores earned a higher gross profit percentage than Walmart. Walmart earned a higher gross profit percentage than Sellall Department Stores. Sellall includes more mark-up in the prices it charges customers than Walmart. Walmart includes more mark-up in prices it…
Sellall Department Stores reported the following amounts in its adjusted trial balance preparedas of its December 31 year-end: Administrative Expenses, $2,400; Cost of Goods Sold, $22,728;Income Tax Expense, $3,000; Interest Expense, $1,600; Interest Revenue, $200; General Expenses,$2,600; Sales Revenue, $42,000; Sales Discounts, $2,200; Sales Returns and Allowances, $1,920;and Delivery (freight-out) Expense, $300. Prepare a multistep income statement for distribution toexternal financial statement users, using a format similar to Exhibit 6.9 .
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Tauros Company’s usual sales terms are net 60 days, FOB Shipping point. Sales, net of returns and allowances, totaled P2,300,000 for the year ended December 31, 2022, before year-end adjustments. Additional data are as follows: · On December 27, 2022, Taurus authorized a customer to return, for full credit, goods shipped and billed at P50,000 on December 15, 2022. The returned goods were received by Taurus on January 4, 2023, and a P50,000 credit memo was issued and recorded on the same date. · Goods with an invoice amount of P80,000 were billed and recorded on January 3, 2023. The goods were shipped on December 30, 2022. · Goods with an invoice amount of P100,000 were billed and recorded on December 30, 2022. The goods were shipped on January 3, 2023. The adjusted net sales for 2022 should be? a. 2,300,000b. 2,250,000c. 2,230,000d. 2,070,000
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The worksheet of Bridget's Office Supplies contains the following revenue, cost, and expense accounts. Prepare a classified income statement for this firm for the year ended December 31, 20X1. The merchandise inventory amounted to $59,675 on January 1, 20X1, and $52,625 on December 31, 20X1. The expense accounts numbered 611 through 617 represent selling expenses, and those numbered 631 through 646 represent general and administrative expenses. Accounts 401 Sales $ 248,200 Credit 451 Sales Returns and Allowances 4,340 Debit 491 Miscellaneous Income 390 Credit 501 Purchases 103,500 Debit 502 Freight In 1,965 Debit 503 Purchases Returns and Allowances 3,590 Credit 504 Purchases Discounts 1,790 Credit 611 Salaries Expense—Sales 45,200 Debit 614 Store Supplies Expense 2,300 Debit 617 Depreciation Expense—Store Equipment 1,500 Debit 631 Rent Expense 13,400 Debit 634 Utilities Expense 2,990 Debit 637 Salaries Expense—Office 21,000 Debit 640 Payroll Taxes…

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