a. Determine whether Excelsior obtain profit or incurred a Loss. b. If you were the CEO of Excelsior Mdse., what will you do in order for you to increase your profit and avoid a loss?
a. Determine whether Excelsior obtain profit or incurred a Loss. b. If you were the CEO of Excelsior Mdse., what will you do in order for you to increase your profit and avoid a loss?
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
Related questions
Question
The excel merchandising purchased merchandise costing 250,000.00 for the current month. It paid 10,000.00 for freight for the shipment the goods froms the seller to its store.
Transcribed Image Text:1) The excelsior Merchandising purchased merchandise costing P250, 000.00 for the current month. It paid P10, 000.0O
for freight for the shipment the goods from the seller to its store. It insured the merchandise for P25, 000.00 it sold
75% of the merchandise for P220, 000.00. Calculate all cost associated with merchandise. For the current month, it
incurred the following expenses:
Delivery expense 15,000
general and administrative expense 50,000
miscellaneous marketing expense 75,000|
utilities expense 30,000
For the current month, the firm earned interest on the promissory notes of its customers amounting to
P12, 000. It paid interest to the bank on a loan it took amounting to 8,000.00
Requirement:
a.
Determine whether Excelsior obtain profit or incurred a Loss.
b. If you were the CEO of Excelsior Mdse., what will you do in order for you to
increase your profit and avoid a loss?
IFL
bible c MOre t at talleobout Proftor lo Wite doeueree below nd
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