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Questions -
Q1. A store plans sales of $350,750.00 for the year. Expenses are estimated to be 30.00% of sales, and a 6.00% planned profit. Markdowns are 4.0%, shortages are 6.0% and employee discounts are 2.0%. There are no cash discounts. Calculate initial markup percentage.
Q2. At the beginning of the month, Brand A shirts were reduced from $79.99 to $69.99. At the same time, Brand B shirts were reduced from $74.99 to $64.99. 55 Brand A shirts and 68 Brand B shirts were in stock when the markdowns were made. At the end of the month, total sales for Brands A and B were $180,750.00. Calculate the markdown dollars and the markdown percentage for each brand.
Q3. A buyer of the home décor category at Kay's Department Store had net sales of $158,750.00. The original retail and sale prices of the three reduced items are provided below.
a) Please calculate the off-retail percentage for each item.
Stock #
Original Retail
Sale Price
1234
$35.99
$29.99
1235
$24.99
1236
$47.99
$39.99
b) Given the off-retail percentage, what % discount should be communicated to their customers via Kay's Department Store weekly flyer?
Calculate the weighted average number of common shares outstanding to be used in calculating earnings per share for 2020
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REQUIRED: Prepare, in appropriate format, the government-wide statement of activities for Cowboy Town for the year 2015
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perdue company purchased equipment on april 1 2012 for 270000. the equipment was expected to have a useful life of
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