Question: Use the information below to answer. If total sales are $18,800 what is the MD%? Style # 1000 1200 1300 1400 QTY 120 150

Use the information below to answer. If total sales are $18,800 what

is the MD%? Style # 1000 1200 1300 1400 QTY 120 150

Use the information below to answer. If total sales are $18,800 what is the MD%? Style # 1000 1200 1300 1400 QTY 120 150 144 96 Orig Retail $50.00 $38.00 $44.00 $54.00 Sale Price $29.99 $29.99 $29.99 $29.99 Sales were $250,000.0 for TY and $243,000.0 for LY. TY MD's are planned at 15.0% What will TY Markdowns be?

Step by Step Solution

★★★★★

3.39 Rating (149 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Step 12 2 Sales for TY 250000 MD 15 Let Original price P 250000 P15P100 P 29411764 Sales for ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

A beam is loaded and supported as shown. The beam has a uniform cross-section and weighs 425 lb. Determine the reactions at supports A and E. Problem 4. A beam is loaded and supported as shown. The...

Use the information below to answer the requirements. 1. Compute days payable outstanding for the current year. Round to the nearest day. 2. If the companys accounts payable were 8% lower, by how...

Use the information below to answer the following questions. U.S. $ EQUIVALENT CURRENCY PER U.S. $ Polish Zloty .2984 3.3506 Euro 1.2303 .8128 Mexican Peso .0752 13.2981 Swiss Franc 1.0246 .9760...

Use the information below to answer the following six questions. Average annual returns: Large-Cap Stocks--10.4 percent Foreign Stocks--7.8 percent Mid-Cap Stocks--10.9 percent Corporate Bonds--5.5...

Turn this ERD Into 3rd normal form. Data Center PK Results Crematorium PK Animal Specimen Size, Weight, etc.. Tool Testing Facility PK Item ID PK Method_of_Testing Animal_Specimen Results Tech...

hi could you help with this assignment? i am hard time finding the fraud thanks Student Handout 1. Tallahassee BeanCounters organizational chart Franklin Kennedy Owner Phil Ackers President $95,000...

Please help me B. Foundation (40 points) You are given information from the Foundation FastTrack for a simulation in competition round 3 pp.3-8 in a separate handout. Use the information given to...

i really need help, please help me,I need get them done before 9:00pm tonight.I will thumb up. Thank you so much 2020 State of Nebraska Payroll Project Bugeater's Corporation Federal EIN: 47-9876543...

may someone help me this please! I will put the thumb up 2020 State of Nebraska Payroll Project Bugeater's Corporation Federal EIN: 47-9876543 Nebraska ID: 20-658790 Nebraska Unemployment Account...

Ans1. Current Closing Price of Share = $36.59 If Price Decreased by 10%: New Price of the Share = $36.59 x 0.90 = $32.93 Market Capitalization = Price x Number of Shares New Market Capitalization of...

Recently Santa Fe, New Mexico, was named one of the safest places to live in the United States. Since then housing development projects have been springing up all around Santa Fe. Six housing...

A 5-inch diameter 100-ft long pipe conveys 200 gpm of liquefied natural gas (LNG) from point A to point B. Point A is located 10 ft above a horizontal datum. Point B is located 20 ft lower than point...

Question 1: (40%) Find out the longest sentence in the following paragraph: 111 text = Once upon a time there was an old mother pig who had three little pigs and not enough food to feed them. So when...

Jane paper - filed a Form 1 0 4 0 - X . She left most of the form blank, but included a copy of a new, completed Form 1 0 4 0 with the word "Amended" written on top. Assuming that Jane completed her...

An investment is considering investing in the long-term bonds and common stock of Companies P and R. Both firms operate in the same industry. Both also pay a dividend per share of $8 and have a yield...

Barr Company had total assets of $320,000 in 2010, $340,000 in 2011, and $380,000 in 2012. Its debts to equity ratio was 0.67 times in all three years. In 2011, Barr had net income of $38,556 on...

On January 1, Garcia Supply leased a truck for a four-year period, at which time possession of the truck will revert back to the lessor. Annual lease payments are $10,000 due on December 31 of each...

Collins Corporation bought a computer on December 31, 2017, paying $30,000 down with a further $75,000 payment due on December 31, 2020. An interest rate of 10% is implicit in the purchase price....

Bottom Dollar Furniture, Inc. completed the following treasury stock transactions in 2016: Dec. 1 Purchased 1,800 shares of the company's $1 par value common stock as treasury stock, paying cash of...

Based on Organizational Leadership by Edgar schien Question " N Which stage of group evolution can be as short as a pre-lunch meeting or as long as several years? Forming O Storming Norming Performing

Refer to the data for Russo Corporation in Exercise 5-6. Data From Ex 5-6 ......................................................Job G431 Beginning balance ...............................................

The questions in this exercise are based on Dell, Inc. To answer the questions, you will need to download Dell's 2005 Form 10-K by going to www.sec.gov/edgar/searchedgar/companysearch.html. Input CIK...

Refer to the data for Lakeshore Hotel in Exercise 3-8. Data From Ex 3-8 Month............. Guest-Days of Occupancy.............. Custodial Supplies Expense March...

In what way must a government account for premium revenue differently if it accounts for self-insurance in an internal service fund rather than in its general fund?

It is often said that self-insurance is an oxymoron. Why? If it is, what are the implications for a government that is permitted to recognize self-insurance premiums as a general fund expenditure...

The balance sheet of an enterprise fund reports an asset as restricted cash and investments and shows a portion of net position as restricted. Provide an example of the types of restrictions to which...