Formula Flashcards
1
Q
Installment sales
A
1) calc gross profit
2) gp percentage: gp/sales price
3) earned gp: cash x gp percentage
4) deferred gp: installment receivable x gp %
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Installment sales
1) calc gross profit
2) gp percentage: gp/sales price
3) earned gp: cash x gp percentage
4) deferred gp: installment receivable x gp %