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bazaltina [42]
3 years ago
8

Turnadot & Sons is a small wholesaler of decorative cast iron objects. The following events, related to a special customer o

rder, occur as described below: August 5, 2015: Turnadot receives the special order for 200 outdoor planters at a selling price of $50 each, including delivery at a future convenient time and location. The customer, with whom Turnadot has had a long-term, trouble-free relationship, pays $3,000 as a deposit and agrees to pay the rest on delivery. Turnadot immediately orders $4,000 worth of planters from its supplier and pays a $1,000 deposit for them. August 27, 2015: Turnadot pays $3,000 balance due to the supplier upon delivery of the planters to its warehouse. September 5, 2015: The customer calls for delivery of the planters, and pays the balance of $7,000 when they arrive at the customer site. What is the dollar gross margin earned by Turnadot on the special order for 200 planters?
Business
1 answer:
Katena32 [7]3 years ago
4 0

Answer:

Gross Margin = $6,000

Explanation:

Gross margin refers to the Sales price - Direct cost associated with the product.

Here, Sales Value = 200 outdoor planters for $50 each = $50 \times 200 = $10,000

Cost associated with this outdoor planters = Purchase cost as paid to supplier = $4,000

Thus, gross margin = $10,000 - $4,000 = $6,000

Note: Time period and dates provided for such sales and collection of amount or payment to supplier is of no relevance.

Final Answer

Gross Margin = $6,000

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Answer: 104 reviews

Explanation:

Number of customers reviews = 160

Percentage of customer reviews that were excellent= 65%

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Number of customer reviews that were excellent will be:

= 65% × 160

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= 104

104 reviews were excellent.

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3 years ago
In the russian domain, where does the commercial agricultural products concentrate
notsponge [240]
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3 years ago
4.You can buy a machine for $100,000 that will produce a net income, after operating expenses, of $10,000 per year. If you plan
Anon25 [30]

Answer:

$124,966.9

Explanation:

The computation of the market or resale value is shown below:

$100,000 = $10,000 ÷ (1.15^1) + $10,000 ÷ (1.15^2) + $10,000 ÷ (1.15^3) + $10,000 ÷ (1.15^4) + Resale value  ÷ (1.15^4)

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3 0
3 years ago
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sweet [91]

Answer:

The value per bond must be $1000

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An advantage of statistical forecasting methods is that
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Answer:

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