Your boutique has the following records for the month, complete a P&L statement using the following...
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Your boutique has the following records for the month, complete a P&L statement using the following figures, and determine if a Profit or Loss was gained Store Gross Sales $720,500 Customer Returns 17.5% Billed Cost of Goods $165,000 Store Rent $36,000 Misc. Store Expenses $7,550 Insurance $17,805 Vendor Shipping Charges 5.5% Buyer's Salaries $125,500 Cash Discounts from Vendor 9.3% Advertising $46,000 Travel $14,000 Security Tags $15,000 Cashier Salaries $18,050 Workroom/Alterations $1,000 Store Supplies $700 Sales Salaries $38,500 Dollar figures are rounded to whole dollars ($601). Percentage answers are shown correct to one decimal place (ex. 15.2%). Your boutique has the following records for the month, complete a P&L statement using the following figures, and determine if a Profit or Loss was gained Store Gross Sales $720,500 Customer Returns 17.5% Billed Cost of Goods $165,000 Store Rent $36,000 Misc. Store Expenses $7,550 Insurance $17,805 Vendor Shipping Charges 5.5% Buyer's Salaries $125,500 Cash Discounts from Vendor 9.3% Advertising $46,000 Travel $14,000 Security Tags $15,000 Cashier Salaries $18,050 Workroom/Alterations $1,000 Store Supplies $700 Sales Salaries $38,500 Dollar figures are rounded to whole dollars ($601). Percentage answers are shown correct to one decimal place (ex. 15.2%).
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Answer rating: 100% (QA)
First lets calculate the total expenses Total Expenses Billed Cost of Goods Store Rent Misc Store Ex... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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