short answer want Compute the 2014 gross margin percentage for each of pharma care'sthree market segments:SupermarketchainsDrugstorechainsMom and popstoresRevenues$ 37,10,000$31,75,000$ 19,90,000Cost of goods$ 35,98,000$30,15,000$ 18,08,000soldGross margin$ 1,12,000$1,60,000$ 1,82,000

To calculate the gross margin percentage for each of PharmaCare's three market segments, we use the…

Answered: Compute the 2014 gross margin…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter6: Merchandising Transactions

Section: Chapter Questions

Problem 19Q: The following is select account information for Sunrise Motors. Sales: $256,400; Sales Returns and...

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Given the information available in the table below, what is the Wholesaler's Selling Price to the Retailer? SELLING MARGIN CHANNEL MEMBER COST PRICE % Supplier/Manufacturer $179.52 $224.40 20% not Wholesaler ??? 15% available not Retailer $300.00 12% available Consumer $300.00 O $256.00 O $224.40 O $240.00 $264.00
The following is select account information for Sunrise Motors. Sales: $256,400; Sales Returns and Allowances: $34,890; COGS: $120,470; Sales Discounts: $44,760. Given this information, what is the Gross Profit Margin Ratio for Sunrise Motors? (Round to the nearest whole percentage.)
Johnson Corporation had beginning inventory of 20,000 at cost and 35,000 at retail. During the year, it made net purchases of 180,000 at cost and 322,000 at retail. Johnson nude sales of 300,000. Assuming a price index of 100 at the beginning of the year and 110 at the end of the year, compute Johnsons ending inventory at cost using the dollar-value LIFO retail method.
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The following information is available for Cooke Company for the current year: The gross margin is 40% of net sales. What is the cost of goods available for sale? a. 5840,000 b. 960,000 c. 1,200,000 d. 1,220,000
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Customer profitability, customer-cost hierarchy. Enviro-Tech has only two retail and two wholesale customers. Information relating to each customer for 2017 follows (in thousands): Wholesale Customers Retail Customers North America South America Wholesaler Wholesaler Green Energy Global Power Revenues at list prices Discounts from list prices Cost of goods sold Delivery costs Order processing costs $375,000 25,800 $590,000 $175,000 $130,000 47,200 8,400 590 285,000 510,000 144,000 95,000 2,230 2,180 4,550 6,710 2,145 3,820 5,980 1,130 Cost of sales visit 6,300 2,620 2,620 1,575 Enviro-Tech's annual distribution-channel costs are $33 million for wholesale customers and $12 million for retail customers. The company's annual corporate-sustaining costs, such as salary for top management and general- administration costs are $48 million. There is no cause-and-effect or benefits-received relationship between any cost- allocation base and corporate-sustaining costs. That is, Enviro-Tech could…

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Compute the 2014 gross margin percentage for each of pharma care's three market segments: Supermarket chains Drugstore chains Mom and pop stores Revenues $ 37,10,000 $31,75,000 $ 19,90,000 Cost of goods $ 35,98,000 $30,15,000 $ 18,08,000 sold Gross margin $ 1,12,000 $1,60,000 $ 1,82,000