1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
AURORKA [14]
3 years ago
8

Two sporting goods stores have similar annual net sales. if one store sells mostly high-quality goods and the other store sells

mostly moderate-quality goods, which store likely has the higher gross profit rate? why?
Business
1 answer:
Juli2301 [7.4K]3 years ago
8 0
The Store with the High-quality Goods will have the Higher Profit Rate Because people want the Good Vegetables and Stuff and will pay more if its Good for them.
You might be interested in
Fleming corp. provided services on account. the transaction would be recorded with a credit to:
Advocard [28]

Fleming corp. provided services on account. The transaction would be recorded with a credit to service revenue. The transaction will also be recorded on the accounts receivable ledger as well.  Service revenue is an account used in accrual accounting that reports fee income that a company earns during a specific time frame. Accounts receivable is an account that shoes money that is owed to a company by its debtors.

7 0
2 years ago
Tanning Company analyzes its receivables to estimate bad debt expense The accounts receivable balance is $300 000 and credit sal
pentagon [3]

Answer: Bad Debt Expense 28,000 Allowance for Doubtful Accounts 28,000

Explanation:

Account receivable = 300,000

Percentage uncollectible = 10%

Current balance = 2000

Adjustment to allowance for uncollectible accounts is given by :

(Account receivable ×percentage uncollectible) - current balance

(300,000 × 10%) - 2000

(300,000 × 0.1) × 2000

30,000 - 2000 = 28,000

Therefore, adjustment should be :

bad debt expense debit 28,000

allowance for doubful account credit 28,000

6 0
3 years ago
A store accidentally priced an item at $20 instead of $30 and honored the mispricing. where should the $10 difference
dimulka [17.4K]

Answer:

The difference is attributed to sales.

Explanation:

The difference of $10 will be attributed to sales because $20 is charged instead of $30 which means selling price has been changed. However, it cannot be considered as a loss because the cost price is not given. It might be the actual cost price for the item is $15 and the store is selling at $20 instead of $30. So, in this case, the store is making a profit of $5. Thus, the difference is considered as the sale difference.

4 0
3 years ago
How do consumer expectations affect the demand for a product
sesenic [268]

Answer:c

Explanation:

5 0
3 years ago
Read 2 more answers
Which type of business produces processed goods by changing raw goods into a more finished form?
Naddik [55]

Answer:

Bakeries are known for turning raw goods into things like bread

6 0
1 year ago
Other questions:
  • According to the trust-based relationship selling process framework, "discovering prospect's needs" is a part of which component
    14·1 answer
  • A(n) _____ is defined as a small number of people with complementary skills who hold themselves mutually accountable for pursuin
    9·1 answer
  • When the economy grows, the market grows, most likely because
    5·2 answers
  • On May 31, 20X1, the Arlene Corporation adopted a plan to sell its cosmetics line of business, considered a component of the ent
    6·2 answers
  • Norman Pilbarra submits a market order to buy 400 shares. What is the maximum price that he will pay?
    12·1 answer
  • A client with suspected multiple myeloma is reporting back pain. What is the priority nursing action?
    6·1 answer
  • Ed died while employed by Violet Company. His wife collected $40,000 on a group term life insurance policy that Violet provided
    12·1 answer
  • HURRY! 20 points! Which of the following is the most important requirement for career advancement in art design?
    13·2 answers
  • Jem wants to make sure the gaming system she wants to buy includes
    8·1 answer
  • When Walmart pressured its vendors to supply it with environmentally friendly merchandise with labels to prove it, this effort m
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!