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mote1985 [20]
4 years ago
9

the gross sales for store B were 876500. the custmer returns and allowances were 10%. what was the dollar amount of returns and

allowances
Business
1 answer:
Marina CMI [18]4 years ago
7 0

Answer:

$87,650

Explanation:

The computation of the dollar amount of returns and allowances  is shown below:

= Gross sales for store B × customer returns and allowances percentage

= $876,500 × 10%

= $87,650

By multiplying the gross sales with the customer returns and allowances percentage we can get the dollar amount with respect to the returns and allowances and the same is to be considered

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The intrinsic value of company's share is $89.90

The share price is expected to rise in the incoming years

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We can compute the share price at the end of year using the present value formula of perpetuity

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