chapter 7 4. Calculate the shortage or overage percent, given the following information. Present your answer with a percent sign, rounded to two decimal places (i.e. 19.64%).NOTE. There is another question in this quiz using the same data. Opening inventory$64,280RTV$960Gross purchases$123,645Customer returns$9,780Gross sales$105,420Transfers in$12,219Transfers out$9,769Markdowns$15,290Markdown cancellations$940Employee discounts$670Closing physical inventory$77,700

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Answered: Calculate the shortage or overage…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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chapter 7

4. Calculate the shortage or overage percent, given the following information. Present your answer with a percent sign, rounded to two decimal places (i.e. 19.64%).

NOTE. There is another question in this quiz using the same data.

Opening inventory	$64,280
RTV	$960
Gross purchases	$123,645
Customer returns	$9,780
Gross sales	$105,420
Transfers in	$12,219
Transfers out	$9,769
Markdowns	$15,290
Markdown cancellations	$940
Employee discounts	$670
Closing physical inventory	$77,700

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