Vendor (A)Billed Cost (B)Original Retail (C)Net Sales (D)Initial Mark Up Planned for Each Vendor (E = B*58%)Maintained markup For each Vendor (F = (C-B)/B)Reduction applied to merchandise {G = (C-D)/C}Vendor A₹ 38,520₹ 87,000₹ 86,270₹ 22,342126%0.84%Vendor B₹ 43,270₹ 1,02,000₹ 98,420₹ 25,097136%3.51%Vendor C₹ 41,270₹ 94,000₹ 77,720₹ 23,937128%17.32%Vendor D₹ 42,230₹ 98,000₹ 81,660₹ 24,493132%16.67%Vendor E₹ 74,200₹ 1,79,000₹ 1,55,750₹ 43,036141%12.99%Vendor F₹ 68,030₹ 1,62,000₹ 1,49,940₹ 39,457138%7.44%Vendor G₹ 96,990₹ 2,35,000₹ 1,99,870₹ 56,254142%14.95%Vendor H₹ 1,01,280₹ 2,50,000₹ 2,03,800₹ 58,742147%18.48%Vendor I₹ 52,270₹ 1,30,000₹ 1,08,990₹ 30,317149%16.16%Vendor J₹ 75,320₹ 1,87,000₹ 1,37,780₹ 43,686148%26.32%Vendor K₹ 83,260₹ 2,01,000₹ 1,70,980₹ 48,291141%14.94%Vendor L₹ 91,020₹ 1,98,000₹ 1,81,850₹ 52,792118%8.16%Total₹ 8,07,660₹ 19,23,000₹ 16,53,030₹ 4,68,443138%14.04% From the info in the chartWhich vendors’ maintained markup percentage performances were better than the overall maintained markup percentage achieved for the total merchandise? Compare the total initial markup percentage (total IMU%) that was originally planned and the total maintained markup percentage (total MMU%) achieved? What is the total reductions% that caused the difference between the total IMU% and total MMU%? Given that there were no cash discounts or alteration costs, did the buyer meet her gross margin goal of 50%? If yes, which vendor(s) positively contributed to the buyer’s meeting her gross margin goal? (i.e., Which vendors’ merchandise met or exceeded a gross margin of 50%?)

Answered: ,420 ₹ 25,097 136% 3.51% Vendor C…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Question

Vendor (A)	Billed Cost (B)	Original Retail (C)	Net Sales (D)	Initial Mark Up Planned for Each Vendor (E = B*58%)	Maintained markup For each Vendor (F = (C-B)/B)	Reduction applied to merchandise {G = (C-D)/C}
Vendor A	₹ 38,520	₹ 87,000	₹ 86,270	₹ 22,342	126%	0.84%
Vendor B	₹ 43,270	₹ 1,02,000	₹ 98,420	₹ 25,097	136%	3.51%
Vendor C	₹ 41,270	₹ 94,000	₹ 77,720	₹ 23,937	128%	17.32%
Vendor D	₹ 42,230	₹ 98,000	₹ 81,660	₹ 24,493	132%	16.67%
Vendor E	₹ 74,200	₹ 1,79,000	₹ 1,55,750	₹ 43,036	141%	12.99%
Vendor F	₹ 68,030	₹ 1,62,000	₹ 1,49,940	₹ 39,457	138%	7.44%
Vendor G	₹ 96,990	₹ 2,35,000	₹ 1,99,870	₹ 56,254	142%	14.95%
Vendor H	₹ 1,01,280	₹ 2,50,000	₹ 2,03,800	₹ 58,742	147%	18.48%
Vendor I	₹ 52,270	₹ 1,30,000	₹ 1,08,990	₹ 30,317	149%	16.16%
Vendor J	₹ 75,320	₹ 1,87,000	₹ 1,37,780	₹ 43,686	148%	26.32%
Vendor K	₹ 83,260	₹ 2,01,000	₹ 1,70,980	₹ 48,291	141%	14.94%
Vendor L	₹ 91,020	₹ 1,98,000	₹ 1,81,850	₹ 52,792	118%	8.16%
Total	₹ 8,07,660	₹ 19,23,000	₹ 16,53,030	₹ 4,68,443	138%	14.04%

From the info in the chart

Which vendors’ maintained markup percentage performances were better than the overall maintained markup percentage achieved for the total merchandise?

Compare the total initial markup percentage (total IMU%) that was originally planned and the total maintained markup percentage (total MMU%) achieved?

What is the total reductions% that caused the difference between the total IMU% and total MMU%?

Given that there were no cash discounts or alteration costs, did the buyer meet her gross margin goal of 50%? If yes, which vendor(s) positively contributed to the buyer’s meeting her gross margin goal? (i.e., Which vendors’ merchandise met or exceeded a gross margin of 50%?)

Expert Solution

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions