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
Feliz [49]
2 years ago
13

A retailer has noticed that his cost of goods from a specific supplier always seem to be increasing—affecting the gross profit o

n the items. What are some steps a retailer could take?
Grin and bear it—the supplier sets the prices!
Ask the supplier for an explanation for the price increases.
Change suppliers or quit carrying the item(s) from this supplier.
Keep raising retail price of the item(s) to compensate for the price increases from the supplier.
Business
1 answer:
lions [1.4K]2 years ago
6 0

The action that the  retailer could take is that He or she can ask the supplier for an explanation for the price increases and then he can Keep raising retail price of the item(s) to compensate for the price increases from the supplier.

<h3>What brings an increase in gross profit margin?</h3>

A retailer can experience an increase in the sales volume and this is one that can lead to a reduction in the cost of goods sold based on the fixed manufacturing cost per unit is said to be  smaller as production volume is getting bigger.

An increase in sales is known to be one that is followed by a decrease in cost of goods sold per unit that therefore leads to a higher gross profit margin.

Learn more about retailer  from

brainly.com/question/25376778

You might be interested in
The law of demand says that as the price of a good decreases, the quantity demanded of the good __________.
masya89 [10]

Answer:

increase

Explanation:

the law is indirectly proportional

4 0
2 years ago
A landlord will usually check your credit report before renting an apartment to you.
Vlada [557]
It is true that a landlord will check your credit report before renting to you.
5 0
3 years ago
Read 2 more answers
Carey Anderson opened a software consulting firm that immediately paid​ $21,000 for a computer system. Was​ Anderson's computer
weeeeeb [17]
It is because he is paying money so it is a expense
4 0
3 years ago
Recent financial statement data for Harmony Health Foods (HHF) Inc. is shown below. Current liabilities $ 180 Income before inte
Anarel [89]

Answer:

B. 75%.

Explanation:

The formula to compute the long-term debt to equity ratio is shown below:

= (Long term debt) ÷ (total shareholder equity) × 100

= ($360 ÷ $480) × 100

= 75%

All other information which is given in the question is not consider for the computation part. Hence, ignored it

We simply divide the long term debt with the total shareholder equity to find out the ratio between them

3 0
3 years ago
Garnett Co. shipped inventory on consignment to Hart Co. that originally cost $50,000. Hart paid $1,200 for advertising that was
Yuki888 [10]

Answer:

The answer is: Garnett Co.'s net income is $7,600

Explanation:

To determine the net income we must first calculate the cost of goods sold and the commissions paid:

  • COGS = $50,000 x 40% = $20,000
  • Commissions = $32,000 x 10% = $3,200

Now we can elaborate the following income statement for Garnett Co.

Total sales                     $32,000

COGS                             ($20,000)

Commissions                 ($3,200)

<u>Advertising expense     ($1,200)    </u>

Net income                    $7,600

8 0
2 years ago
Other questions:
  • If a lender is not paid and they take the collateral that secured the loan, this is called _____. garnishment bankruptcy foreclo
    15·2 answers
  • Highlight four reason that make indirect production superior to direct production​
    7·1 answer
  • Jason trevor owns a commercial bakery in blakely, georgia that produces a variety of goods sold in grocery stores. trevor is req
    7·1 answer
  • When the Toyota Prius first entered the marketplace, dealers kept waiting lists of people wanting one and the factories had to r
    10·1 answer
  • Sales revenues are usually considered earned when an order is received. cash is received from credit sales. adjusting entries ar
    12·1 answer
  • Which Theme should I choose for a summer wedding?
    12·2 answers
  • Hope Springs needs tablet computers that are fast, include 24/7 tech support, and include a generous volume discount. These crit
    13·1 answer
  • Assume that January sales for the fourth year turn out to be $295,000. What was your forecast error the models in parts 2, 3, an
    13·1 answer
  • The factors that affect worker productivity include
    15·1 answer
  • 2. What should Parker have done during the sales presentation when Kitchel told him that he needed to think it over?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!