YH's store performance in 2017 in comparison to 201 2017 Actual Results % $ $50,964 $3,731 $30,100 Gross Sales Customer Returns Cost of Goods Sold Indirect Expenses Direct Expenses Profit $7,462 $5,060 plan: 2017 Plans 1. Calculate 2017 actual dollar profit. Don't forget to find Net Sales figure first. $ $54,000 % 8% 53% 20% 15% 12% 2. Evaluate YH's store 2017 performance against its 2017 plan in terms of customer returns, COGS, GM, indirect OE, direct OE, and profit. Remember, you need to use percentage for comparison!! 1182

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
icon
Related questions
Question
YH's store performance in 2017 in comparison to 2017 plans.
2017 Actual Results
2017 Plans
$
%
Gross Sales
Customer Returns
Cost of Goods Sold
Indirect Expenses
Direct Expenses
Profit
$50,964
$3,731
$30,100
$7,462
$5,060
1. Calculate 2017 actual dollar profit.
Don't forget to find Net Sales figure first.
$54,000
%
8%
53%
20%
15%
12%
2. Evaluate YH's store 2017 performance against its 2017 plan in terms of customer returns, COGS,
GM, indirect OE, direct OE, and profit.
Remember, you need to use percentage for comparison!!
Transcribed Image Text:YH's store performance in 2017 in comparison to 2017 plans. 2017 Actual Results 2017 Plans $ % Gross Sales Customer Returns Cost of Goods Sold Indirect Expenses Direct Expenses Profit $50,964 $3,731 $30,100 $7,462 $5,060 1. Calculate 2017 actual dollar profit. Don't forget to find Net Sales figure first. $54,000 % 8% 53% 20% 15% 12% 2. Evaluate YH's store 2017 performance against its 2017 plan in terms of customer returns, COGS, GM, indirect OE, direct OE, and profit. Remember, you need to use percentage for comparison!!
Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Knowledge Booster
Trading
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
Essentials Of Investments
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
FUNDAMENTALS OF CORPORATE FINANCE
FUNDAMENTALS OF CORPORATE FINANCE
Finance
ISBN:
9781260013962
Author:
BREALEY
Publisher:
RENT MCG
Financial Management: Theory & Practice
Financial Management: Theory & Practice
Finance
ISBN:
9781337909730
Author:
Brigham
Publisher:
Cengage
Foundations Of Finance
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
Fundamentals of Financial Management (MindTap Cou…
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education