Answer the given problem. 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 merket, so she sold tha reimaining half dozen @ P12,000.00 each unit. What was her profit or loss? 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 bus inesses along the streets and highways and in your neighborhood? Why do you say

Answer the given problem. 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 merket, so she sold tha reimaining half dozen @ P12,000.00 each unit. What was her profit or loss? 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 bus inesses along the streets and highways and in your neighborhood? Why do you say

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

3. A. Using the following Income Statement, determine the number of sno-cones that Lulu's Sno-Cone Stand must sell to break even. Sales - COGS = - Gross Margin - SG&A = Operating Income - Depreciation = - Net Income $500 $200 $300 $150 $150 $50 $100 (200 sno-cones @ $2.50) B. Lulu want to reduce her breakeven point. Which has the greater effect on her breakeven - a 10% reduction in SG&A or a 10% reduction in COGS? Show why.
Suppose your company sells a 3 pack of lenses that attach to smart phones to improve the quality of pictures people take. You pay $29.95 for each 3 pack and sell them for $59.95. What is your Cost of Goods Sold Percentage for this item?
1. If the Fur Zapper entrepreneurs want $600,000 at 15%, what is the total value of their business? 2. Explain what the "line of credit" is in Lori's offer. 近
Please answer ASAP thank you!
b. Sarah purchases a set of furniture for RM3956.52 and sells it at X ringgit. If the operating expenses are 15% of the cost and the net profit is 35% on the retail price compute the: i. value of X ii. breakeven price iii. maximum markdown percent that could be offered without incurring any loss. iv. net profit or loss of Sarah sells at RM 4220.
A friend of yours just bought a new sports car with a $5,000 down payment,and her $30,000 car loan is financed at an interest rate of 0.75% per month for 48 months. After two years, the “Blue Book” value of her vehicle in the used-car marketplace is $15,000. Solve, a. How much does your friend still owe on the car loan immediately after she makes her 24th payment? b. Compare your answer to Part (a) to $15,000. This situation is called being “upside down.” What can she do about it? Discuss your idea(s) with your instructor.
A person sells widgets. It costs 110 to buy the materials today. In a year, the sales of widgets will result in revenues of 683 and costs of 181. if the discount rate is 0.03, what is the npv? 377.38
Choose the best
Vincent has chosen to buy a new car with a cost of $14 000, inclusive of HST. He has saved $5000 for a down payment. How much must be financed? Enter a numeric value only, rounded to 2 decimals places. An answer of $100 should be entered as 100.00.
You start a baking business,and your goal is to earn a profit of 250 in the first month. Your expenses in the first month are 155.What are your posible revenues that you can earn to meet your goal
Can you help me with question 6? It’s Financial Math.
To buy some furniture, Asmaa can put $150 down and "don't pay a cent" for 6 months. At the end of 6 months, she begins making monthly payments of $100 for 2-years. If j12 = 8.4%, what is the equivalent cash price of the furniture? Do not give excel answer, need well explained