37389 190 Given the following information, calculate the maintained markup %:Cost-1Retail$69,600.00 $145,000.00$75,000.00$15,000.002opening inventorygross purchases$36,000.00$7,200.00$2,000.00returns to vendorsfreight$100,400.00 $205,000.00 CMU =$80,000.00 cost % =$12,000.00$2,000.00total merch handlednet salesnet markdownsemployee discountstotal retail deductionsclosing book inventorygross cost of merch soldalterations costs$3,000.00cash discounts$5,500.00net cost of merch soldmaintained markup $maintained markup %

Introduction:- The markup on items supplied to consumers, or the difference between the cost of…

8 9 19 0 Given the following information, calculate the maintained markup %: Cost 1 Retail $69,600.00 $145,000.00 $36,000.00 $75,000.00 $7,200.00 opening inventory gross purchases returns to vendors $15,000.00 $2,000.00 $100,400.00 $205,000.00 CMU = freight total merch handled net sales $80,000.00 cost % = net markdowns $12,000.00 employee discounts total retail deductions $2,000.00 closing book inventory gross cost of merch sold alterations costs $3,000.00 $5,500.00 cash discounts net cost of merch sold maintained markup $ maintained markup %

8 9 19 0 Given the following information, calculate the maintained markup %: Cost 1 Retail $69,600.00 $145,000.00 $36,000.00 $75,000.00 $7,200.00 opening inventory gross purchases returns to vendors $15,000.00 $2,000.00 $100,400.00 $205,000.00 CMU = freight total merch handled net sales $80,000.00 cost % = net markdowns $12,000.00 employee discounts total retail deductions $2,000.00 closing book inventory gross cost of merch sold alterations costs $3,000.00 $5,500.00 cash discounts net cost of merch sold maintained markup $ maintained markup %

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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107 10. 108 Given the following information calculate: 109 A. The closing book inventory at cost: 110 B. The gross cost of merch sold: 111 112 Cost Retail $65,250.00 $145,000.00 $51,750.00 $115,000.00 $9,000.00 opening inventory 113 gross purchases 114 returns to vendors $20,000.00 115 additional markup $2,000.00 116 freight $3,000.00 117 total merch handled CMU = %3! 118 net sales $95,000.00 cost % = %3D 19 $18,000.00 $2,000.00 net markdowns 20 employee discounts 21 total retail deductions 22 closing book inventory 23 gross cost of merch sold 24
GE MINDTAP omework 5065600. 6500550 36055055 f6 Complete the balance sheet and sales information using the following financial data: 6 Total assets turnover: 1.1x Days sales outstanding: 73.0 daysa Inventory turnover ratio: 4x Fixed assets turnover: 3.0x Current ratio: 2.0x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales Calculation is based on a 365-day year. Do not round intermediate calculations. Round your answers to the nearest dollar. Balance Sheet Cash Accounts receivable Inventories Fixed assets Total assets Sales Q Search 80000 eBook f7 & 7 f8 * 4+ 8 $ $240,000 fg @MO hp IAA 9 ISBN 9780357517642&nbld-3626933&snap... ✰ f10 Current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity Cost of goods sold ▶II O 99+ f11 O f12 S $ B + g ins 60,000 84,000 prt sc @ 0 delete Q Check My Wo backspace Check hor
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