Customer returns and allowances for department #620 came to $5,500. Gross sales in the department were $95,000. What percentage of merchandise sold was returned? Write answer to two decimal places with the % symbol, example 6.23%

Q: Based on the following data for the current year, what is the number of days' sales in receivable?…

A: Number of days sale in receivable means how much time will the debtor takes to clear his dues. First…

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Q: Based on the following data for the current year, what is the number of days' sales in receivables?…

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Q: At the end of May, the sales journal of Mountain View appears as follows. Assume beginning inventory…

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Q: In its first month of operations, Sheffield Corp. made three purchases of merchandise in the…

A: Cost of ending inventory= Number of ending inventory units Cost per unit

Q: Use the following information: Net sales $ 180,000 124,000

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A: Vertical analysis of an income statement is a financial analysis technique that involves expressing…

Q: 4 Calculate the cost of goods sold dollar value for A65 Company for the month using the first in…

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Q: Norwood Company reported a receivables turnover ratio of 9.4. Cost of goods sold was $420,000 and…

A: Accounts Receivable turnover ratio = (Net Credit sales / Average Net Receivable)

Q: Based on the following data for the current year, what is the number of days' sales in receivables?…

A: Ratio analysis means where different ratio of various years of years companies has been compared and…

Q: For its most recent year a company had Sales (all on credit) of  OMR 830000 and Cost of Goods Sold…

A: For calculation of receivables days, we need to use the following equation Receivables days =Average…

Q: The accounting records of Bramble Corp, show the following data Beginning inventory Purchases Sales…

A: The average cost per unit is calculated as the total costs divided by the number of units available…

Q: A company had the following partial list of account balances at year-end: Sales Returns and…

A: NET SALES REVENUE :  It is the output of gross sales minus discounts, allowances and returns .

Q: Based on the following data for the current year, what is the days' sales in receivables? Assume 365…

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Q: Marian Company reported the following items for the month of July: Sales revenue $470,300 Cost of…

A: Days inventory outstanding is calculated by dividing 365 days by inventory turnover ratio. The…

Q: On April 30, Holden Company had an Accounts Receivable balance of $18,000. During the month of May.…

A: Solution: Accounts Receivable are the balance of amount which is due to a company for the goods…

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A:

Q: provide answer please

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A: Sales revenue $998,600Less: Sales returns$76,500Net sales revenue ($998,600 - $76,500)$922,100Less:…

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Q: Post to the customer accounts the entries in the sales journal and any portion of the general…

A:

Q: 1. If 10 units are sold on August 24th, what is the total Cost of Merchandise Sold for the month…

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Q: A company reports the following: Line Item Description Amount Cost of goods sold $2,007,500 Average…

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Q: Based on the following data, determine the cost of merchandise sold for July: Increase in estimated…

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Q: The following data was generated as of December 31 Accounts receivable, Jan 1        550,000.00…

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Q: Suppose Domino's had cost of goods sold during the year of $290,000. Beginning merchandise inventory…

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Q: Old Mills's income statement appears as follows (amounts in thousands): E (Click the icon to view…

A: Cost of goods sold are the total cost incurred while manufacturing the goods that are sold during…

Q: Need answer

A: Step 1: Introduction to the Average Collection PeriodThe average collection period is the time taken…

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Q: A company reports the following: Cost of merchandise sold $1,861,500 Average merchandise inventory…

A: analysing of the ratio is considered to be very important part both in finance and an accounts…

Q: Akira Company had the following transactions for the month. Number Total of Units Cost Beginning…

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Q: Based on the account balances shown below, calculate "Net Sales". Normal Account Balance Account…

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Q: REI sells snowboards. Assume the following information relates to REI's purchases of snowboards…

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Q: Sheridan Company provides the following information for the month ended October 31, 2022: sales on…

A: Total revenue = sales on credit + cash sales =$366,100 + $108,300 = $474,400

Q: Based on the following data for the current year, what is the number of days' sales in inventory…

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Q: In its first month of operations, Blossom Company made three purchases of merchandise in the…

A: Weighted Average Unit CostWeighted Average Unit Cost is a financial and accounting phrase used to…