Turnadot & sons is a small wholesaler of decorative cast iron objects. the following events, related to a special customer order, 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?

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 = $50 200 = $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

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi