Business, 16.10.2020 06:01 zanaplen27

a. Sold merchandise for cash (cost of merchandise $20,797). $ 35,200 b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandise $240 ). 400 c. Sold merchandise (costing $3,800 ) to a customer on account with terms n/60. 8,000 d. Collected half of the balance owed by the customer in (c). 4,000 e. Granted a partial allowance relating to credit sales the customer in (c) had not yet paid. 128 Hair World is considering a contract to sell merchandise to a hair salon chain for $13,000. This merchandise will cost Hair World $9,040. What would be the increase (or decrease) to Hair World’s gross profit and gross profit percentage?

Answers: 2

Show answers

Other questions on the subject: Business

Business, 20.06.2019 18:04, brodtfamily4

Based on what you've learned about the professions, which ones appeal to you as a potential career and why? if none interest you as a future career, indicate another career you're interested in and explain why that career interests you.

Answers: 3

continue

Business, 21.06.2019 22:50, Zagorodniypolina5

Tara incorporates her sole proprietorship, transferring it to newly formed black corporation. the assets transferred have an adjusted basis of $240,000 and a fair market value of $300,000. also transferred was $10,000 in liabilities, $1,000 of which was personal and the balance of $9,000 being business related. in return for these transfers, tara receives all of the stock in black corporation. a. black corporation has a basis of $241,000 in the property. b. black corporation has a basis of $240,000 in the property. c. tara’s basis in the black corporation stock is $241,000. d. tara’s basis in the black corporation stock is $249,000. e. none of the above.

Answers: 1

continue

Business, 22.06.2019 12:00, dwilburn01

Simon, aged 10, is invited to a classmate's birthday party at an exclusive ski resort on march 15th. the day will include 4 hours of snowboarding, lunch and birthday cake. simon's mother checks a box on the invitation that says "yes, we will attend" and returns it to the classmate's address. unfortunately, they later don't attend the party when simon comes down with the flu. on march 17th, simon's mother receives an invoice in the mail from simon's classmate for $35 that says, "party no-show fee." can simon's classmate collect the fee?

Answers: 3

continue

Business, 22.06.2019 12:20, KindaSmartPersonn

Bdj co. wants to issue new 22-year bonds for some much-needed expansion projects. the company currently has 9.2 percent coupon bonds on the market that sell for $1,132, make semiannual payments, have a $1,000 par value, and mature in 22 years. what coupon rate should the company set on its new bonds if it wants them to sell at par?

Answers: 3

continue

You know the right answer?

a. Sold merchandise for cash (cost of merchandise $20,797). $ 35,200 b. Received merchandise returne...