Input no. of shirtsPrice per shirtTotal ChargesDiscountNet FeeFree shirtsSample Output 1:Input no. of shirtsPrice per shirtTotal ChargesDiscountNet FeeFree shirtsSample Output 2:Input no. of shirtsPrice per shirtTotal ChargesDiscountNet FeeFree shirtsSample Output 3:Input no. of shirts5320Php230.00Php4,600.00Php4,600.00253Php200.00Php10,600.00Php0.00 With discount53Provide your formula on the blue blankcells. The specification of the formula canbe read from the comments in each cell.The white cells are user inputPhp10,600.005With discountPhp0.00 With discount10 Price per shirtTotal ChargesDiscountNet FeeFree shirtsSample Output 4:Input no. of shirtsPrice per shirtTotal ChargesDiscountNet FeeFree shirtsPhp200.00Php10,600.00Php1,060.00 With discountPhp9,540.0059Php230.00Php2,070.00Php207.00 With discountPhp1,863.00011

Answered: Input no. of shirts Price per shirt…

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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help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working
QUESTION 1 The intimate apparel buyer wants to determine an initial markup percentage for the robe classification. The buyer knows that the gross margin is 42%, markdowns are at 35%, and shortages are at 1%. Calculate the initial markup percentage. QUESTION 2 A gross margin of 48% is planned by the girls department. Retail reductions are 15% and cash discoun are 8%, with alteration costs of 1%. Find the initial markup percentage. QUESTION 3 A sleepwear buyer has an opening stock figure of $67,500 at cost, which carries a 55% markup. New purchases were $790,000 at retail, carrying a 57% markup. Find the cumulative markup percentage or merchandise handled in this department to date.
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6 7 8 9 10 11 12 13 01 14 15 16 17 Sales 18 Cost of Goods Sold 19 Gross Profit 20 SG&A Expenses 21 Operating Profit 22 Interest Expense 23 Taxable Income 24 Income Tax 25 Net Income A 26 27 Sales use the sales from sales budget in week 3. Cost of Goods sold use the rate of $41.50125 per unit from the sales budge from week 3. SG&A expenses are from the SG&A budget from week 4 total SGA. 28 29 30 31 Husky Co. Budgeted Income Statement by Quarter For the Year Ended Dec 31, 2021 QI $420,000 -290,509 $129,491 ($108,200) $21,291 SO D $21,291 ($6,387) $14,904 E ($720) Q2 Q3 Q4 $480,000 $720,000 $960,000 -332,010 $110,800 $121,200 $131,600 ($10,020) ($18,030) F Annual $2,580,000 $323,645
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