Given the constant profit margin of 25%, determine the primary or net income for each SKU. Type your answers below.Note: 5th column is for RETURNS FROM CUSTOMERS due to product damages and defects.SKUSQUANTITYSELLINGRETURNSNETSOLDPRICEFROMINCOME1SPRITE 2L6795.004SPRITE 1.5LSPRITE 1LSPRITE 500MLSPRITE 355ML CANCBTL COFFEE MOCHA 3-in-1NESCAFE MOCHA LATTE 3-in-1SAN MIG SUGAR FREE COFFEE 3-in-1SWISS MISS DARK COCOA MIX 3-in-110 SWISS MISS MALLOWS COCOA MIX 3-in-1210170.00735950.0044525.007025.0034230.00275515.00389010.0059.3514.0015912.004

Net sales = Quantity sold - Returns from customers Net income = Net sales x Selling price x Profit…

Given the constant profit margin of 25%, determine the primary or net income for each SKU. Type your answers below. Note: 5th column is for RETURNS FROM CUSTOMERS due to product damages and defects. SKUS QUANTITY SELLING RETURNS NET SOLD PRICE FROM INCOME 4 SPRITE 2L SPRITE 1.5L SPRITE 1L SPRITE 500ML SPRITE 355ML CAN CBTL COFFEE MOCHA 3-in-1 NESCAFE MOCHA LATTE 3-in-1 1 67 95.00 2 101 70.00 7 59 50.00 4 45 25.00 1 70 25.00 3 6. 42 30.00 7 55 15.00 8 SAN MIG SUGAR FREE COFFEE 3-in-1 90 10.00 9. SWISS MISS DARK COCOA MIX 3-in-1 35 14.00 1 10 SWISS MISS MALLOWS COCOA MIX 3-in-1 59 12.00 4

Given the constant profit margin of 25%, determine the primary or net income for each SKU. Type your answers below. Note: 5th column is for RETURNS FROM CUSTOMERS due to product damages and defects. SKUS QUANTITY SELLING RETURNS NET SOLD PRICE FROM INCOME 4 SPRITE 2L SPRITE 1.5L SPRITE 1L SPRITE 500ML SPRITE 355ML CAN CBTL COFFEE MOCHA 3-in-1 NESCAFE MOCHA LATTE 3-in-1 1 67 95.00 2 101 70.00 7 59 50.00 4 45 25.00 1 70 25.00 3 6. 42 30.00 7 55 15.00 8 SAN MIG SUGAR FREE COFFEE 3-in-1 90 10.00 9. SWISS MISS DARK COCOA MIX 3-in-1 35 14.00 1 10 SWISS MISS MALLOWS COCOA MIX 3-in-1 59 12.00 4

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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