Answered: Compute the following requirements:

Business

Accounting

Compute the following requirements:

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter2: T Accounts, Debits And Credits, Trial Balance, And Financial Statements

Section: Chapter Questions

Problem 6QY: What would be the net income for Floress Catering? a. 45,500 b. 16,800 c. 19,800 d. 10,800

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Question

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 market, so she sold the remaining 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

Definition Definition Amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item

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