Question 14 (1 point) When evaluating store performance and measuring gross margin performance, which is more significant? The dollar amount The percentage amount Question 15 (1 point) Calculate the Cash discount dollar value from the figures listed below. Opening inventory Gross sales Advertising Miscellaneous expenses Purchases at cost Closing inventory Customer returns Salaries Transportation charges Rent Cash discounts $78,400 $257,000 $21,000 $25,000 $123,000 $81,000 $26,300 $26,000 $10,000 $39,800 6% Your Answer: 29 30 Question 16 (1 point) The swimwear department of The X Department Store had the following records: 32 33 Net Sales = $157,500 35 36 Cost of merchandise = $148,500 Operating expenses = $18,500 2 38 39 What is the net profit or loss? - Your Answer: 41 42 3 44 45 Answer units - 56 47 48 -- Question 17 (1 point) For the year, the infants department had net sales of $5,000,000. The average retail stock inventory) during this period was $700,000. What was the rate of stock turnover? Your Answer: arch