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Mark up
Mark up is defined as the rate of gross profit to cost of sales:Mark up = Gross Profit
Cost of salesMargin is defined as the rate of gross profit to sales:Margin = Gross profit Sales
Calculations of markup and margin are necessary to compute the profit loading on:
Examination questions may provide information on either the markup or the margin. If one is provided, it may be necessary to compute the other.Let us assume: X = Gross Profit Y = SalesTherefore: Margin = Gross Profit = X Sales YHowever: Sales – Costs = Gross ProfitOr: Costs = Sales – Gross Profit Which is stated as: Costs = Y – XAnd since: Mark up = Gross Profit CostsThis is stated as: Mark up = X Y – XIn summary, if: Margin = P/QThen the related Markup shall be P/(Q – P) Using similar arguments, it can be established tat if the Markup is give by P/Q,Then the related margin shall be P/(Q+P)
wrote check to purchase law books for 2500 what 2 accounts
limitations of the balance sheet
48 Morgado Inc. has provided the following data to be used in evaluating a proposed investment project: Initial investment $130,000 Annual cash receipts $78,000 Life of th
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Revocation, alteration and revival of a will 1. A will may be revoked or altered by the maker of it at any time when he is competent to dispose of his free property by will. (
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Interstate Manufacturing produces brass fasteners and incurred the following costs for the year just ended: Materials and supplies used Brass
What is the function of balance sheet
methods of preparation of trial balance
Piecemeal Realizations and Distributions Partnership dissolutions may take a substantial number of days even months) so it is unlikely that all cash generated will be simultane
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