Hair World Inc. is a wholesaler of hair supplies. Hair World uses a perpetual inventory system. The following transactions (summarized) have been selected for analysis:
a. Sold merchandise for cash (cost of merchandise $12,797). $ 19,200
b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandise $120 ). 200
c. Sold merchandise (costing $2,850 ) to a customer on account with terms n/60. 6,000
d. Collected half of the balance owed by the customer in (c). 3,000
e. Granted a partial allowance relating to credit sales the customer in (c) had not yet paid.
1.Compute Net Sales and Gross Profit for Hair World.
2.Compute the gross profit percentage
3.Hair World is considering a contract to sell merchandise to a hair salon chain for $11,000. This merchandise will cost Hair World $8,080. What would be the increase (or decrease) to Hair World’s gross profit and gross profit percentage?
Consider the matrix A 6 -2 2 -2 3 -1 2 -1 3 If product of two eigen values are 16 find the third eigen value. >Aug 07 2020
Suppose that you are a borrower with an investment project that has a rate of return of 1.7%. To fund your project, you would have to do which one of the following?A. Bor...Apr 23 2018
Which of the following companies topped the Indian Companies in the Fortune 500 list in 2011? (A) SBI (B) Tata Motors (C) ONGC (D) IndianOilApr 02 2018
1) Title: initially this might be regarded as a working title, and ideally should mirror closely the content of the introduction. The title is particularly important as i...Jul 25 2020
auto nation is the largest operator of car dealership in united states with 342 location. this company has two primary offerings : cars foe sale ( product ) and car...Nov 07 2017
1. The Potomac Range Corporation manufactures a line of microwave ovens costing $400 each. Its sales have averaged about 5,500 units per month during the past year. In Au...Mar 26 2020
After a promising start, MERCOSUR, the major Latin American trade agreement, has faltered and made little progress since 2000. What problems are hurting MERCOSUR? What ca...Apr 06 2020
Water at a flow rate of m. = 0.215 kg/s is cooled from 70 oC to 30 oC by passing it through a thin-walled tube of diameter D = 50 mm and maintaining a coolant at T= 15 oC...Apr 06 2020
1. What are some essential di erences between pricing equity options on trees versus pricing interest-rate options on trees?2. In the Black-Derman-Toy model, explain why...Apr 15 2020
Between which of the following two percentages is the internal rate of return on the machine replacement: 4 percent, 6 percent, 8 percent, 10 percent, 12 percent, and 14 percent?Nov 27 2019