Reference no: EM132980290
Question - SM Appliance Center uses the installment-method of accounting its sales. Pertinent data from the company's records show the following information:
2019 2020 2021
Installment Sales 750,000 937,500 900,000
Cost of Installment Sales 562,500 712,500 630,000
Deferred Gross Profit 187,500 225,000 270,000
From 2019 Sales 141,250 45,000
From 2020 Sales 150,000 30,000
From 2021 Sales 195,000
Required - Answer the following -
1. How much is the Gross Profit Margin for 2019, 2020, 2021?
2. How much is the Realized Gross Profit for 2019 Sales, 2020 Sales, and 2021 Sales?
3. How much is the total collection for 2019 sales, 2020 sales, and 2021 sales?
|
Discuss what could have potentially been source of angela
: Determine what food(s) you think could have potentially been the source of Angela and Bridgette's food-borne illness. Explain your reasoning.
|
|
What are the differences between leaders and managers
: Provide a total of three examples. First, of someone who has great managerial skills. Second, another individual with great leadership skills
|
|
Explain strategic planning and tactical planning
: Explain strategic planning and tactical planning
|
|
What is the client bmi
: Identify one outcome/goal that is reasonable, measurable and realistic. Identify 1 nursing intervention for the outcome and give rationale for the intervention.
|
|
How much is the realized gross profit
: SM Appliance Center uses the installment-method of accounting its sales. How much is the Realized Gross Profit for 2019 Sales, 2020 Sales, and 2021 Sales
|
|
Prepare an amortization table for the discount
: On January 1, 2019, Davao de Oro Company purchased bonds with a face amount of P5,000,000. Prepare an amortization table for the discount
|
|
What are the barriers to children in accessing healthcare
: What are the barriers to children in accessing healthcare services in the United States? Why do these barriers exist? Are there certain pediatric populations
|
|
Discuss the changes that have occurred
: Healthcare finance has change drastically since 1950. Discuss the changes that have occurred and the effect on healthcare delivery with each change.
|
|
Calculate the net amount of the note payable
: If the company had borrowed the money from a bank to pay the seller immediately, Calculate the net amount of the note payable
|