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3 years ago

A b c d

Business

1 answer:

lina2011 [118]3 years ago

5 0

Answer:

Net Sales a. $ 150,000, b. $ 902,500, c.$ 50,600, d.$ 268,500

Gross Profit a. $ 50,850 b. $ 344,755 c. $ 11,638 d. $ 139,083

Gross Margin ratio a. 33.9 %, b. 38.2 %, c. 19.9 %, d. 51.8 %

Explanation:

Computations of data requirements

a b c d

$ $ $ $

Sales 169,000 930,000 57,000 276,000

Less: Sales discounts ( 4,000) ( 21,500) ( 600) ( 5,300)

Less Sales return and allowances <u>( 15,000) ( 6,000) (5,800) ( 2,200)</u>

Net Sales 150,000 902,500 50,600 268,500

Cost of Goods Sold <u> 99,150 557,745 38,962 129,417</u>

Gross Profit 50,850 344,755 11,638 139,083

Gross Margin Ratio % 33.9 % 38.2 % 19.9 % 51.8 %

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