Question # 1:A retailer has yearly sales of $650,000. Inventory on January 1 is $250,000 (at cost). During the year, $500,000 of merchandise (at cost) is purchased. The ending inventory is $275,000 (at cost). Operating costs are $90,000.a. Calculate the cost of goods soldb. Calculate the net profitQuestion # 2:A retailer has a beginning monthly inventory valued at $60,000 at retail and $35,000 at cost. Net purchases during the month are $140,000 at retail and $70,000 at cost. Transportation charges are $17,000. Sales are $150,000. Markdowns and discounts equal $20,000. A physical inventory at the end of the month shows merchandise valued at $10,000 (at retail) on hand. Compute the following:a. Total merchandise available for sale – at cost and at retailb. Cost complementc. Ending retail book value of inventoryd. Stock shortagese. Adjusted ending retail book valuef. Gross profitQuestion # 3:A car dealer purchased multiple –disc CD players for $1185 each and desires a 40% markup (at retail). What retail price should be charged?
ajksbf afbaf mnabjskaf baskfh ask f Aaliyah Mendes Personal Statement of Cultural Competency, Diversity, Equity, and Inclusion It is important to
ajksbf afbaf mnabjskaf baskfh ask f Aaliyah Mendes Personal Statement of Cultural Competency, Diversity, Equity, and Inclusion It is important to understand Cultural Competency, Diversity, Equity, and Inclusion in the workplace. Every day you will come in contact while working with many different people. You will need to be able