Question: a) 51400 b) 620 c) 10000 d) 4950 e) 170 Hair Care Inc. is a wholesaler of hair suppies. Hair Care uses a perpetual inventory


Hair Care Inc. is a wholesaler of hair suppies. Hair Care uses a perpetual inventory system. The following transactions (summarized) have been selected for analysis: Sold radio for cash cost of merchandise 118.997) . Maceived merchandise returned by custo Attory (but is perfect condition for a fud (original con merchandise 310 sold warehandise foto 58,050) tour, on account witte 1/10, W10 di collected halt at the balance owed by the contine within the discount Cranted as allowance to the customer is Required: 1. Compute Sales Revenue; Not Sales and Gross Profit for Hair World Seven 65.400 Net ses Os 2. Compute the gross profit percentage (Round your answer to the nearest whole percent) *: 72 80 DDD DOO FS # $ A 2 3 4 % 5 6 & 7 * od View transaction list Journal entry worksheet 1 2 5 7 > Record the sale of merchandise. Not Enter debits before credits Transaction General Journal Debit Credit Racord entry Clear entry View general Journal 4. Hair Care is considering a contract to sell merchandise to a hair salon drain for $15,200. This merchandise will cost Hair Care $10,000 (a) Compute the new gross profit percentage. (Round your answer to the nearest whole percent.) New grous pret percentage (6) Would this contract increase or decrease Hair Care's gross profit percentage? Decrease Increase Hair Care Inc. is a wholesaler of hair suppies. Hair Care uses a perpetual inventory system. The following transactions (summarized) have been selected for analysis: Sold radio for cash cost of merchandise 118.997) . Maceived merchandise returned by custo Attory (but is perfect condition for a fud (original con merchandise 310 sold warehandise foto 58,050) tour, on account witte 1/10, W10 di collected halt at the balance owed by the contine within the discount Cranted as allowance to the customer is Required: 1. Compute Sales Revenue; Not Sales and Gross Profit for Hair World Seven 65.400 Net ses Os 2. Compute the gross profit percentage (Round your answer to the nearest whole percent) *: 72 80 DDD DOO FS # $ A 2 3 4 % 5 6 & 7 * od View transaction list Journal entry worksheet 1 2 5 7 > Record the sale of merchandise. Not Enter debits before credits Transaction General Journal Debit Credit Racord entry Clear entry View general Journal 4. Hair Care is considering a contract to sell merchandise to a hair salon drain for $15,200. This merchandise will cost Hair Care $10,000 (a) Compute the new gross profit percentage. (Round your answer to the nearest whole percent.) New grous pret percentage (6) Would this contract increase or decrease Hair Care's gross profit percentage? Decrease Increase
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