Hello tutor please help me with accounting questions Sunrise Fashion had sales of $450,000. Operating expenses were$95,000, and alterations were $800. Planned profit was $48,000,and planned reductions were $3,500. What was the initial markuppercentage?

Step 1: Definition of Initial Markup PercentageThe initial markup percentage represents the…

Answered: Sunrise Fashion had sales of $450,000.…

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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Casual Fashions had sales of $280,000. Operating expenses were $65,000 and alterations were $400. Planned profit was $28,000 and planned reductions were $2,200. What was the initial markup percent? (
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What was the initial markup percent?
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Using the data from the attached picture, compute for the following: 1. If 5,000 units are sold, what will be the store’s operating income (loss)?2. If sales commissions are discontinued and fixed salaries are raised by a total of₱810,000, what would be the annual breakeven point in (a) units sold and (b) revenues?3. Refer to the original data. If in addition to his fixed salary, the store manager is paida commission of ₱30 per unit in excess of the break-even point, what would be the store’s operating income if 10,000 units were sold.
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Sunrise Fashion had sales of $450,000. Operating expenses were $95,000, and alterations were $800. Planned profit was $48,000, and planned reductions were $3,500. What was the initial markup percentage?