Business, 27.08.2019 21:10 gabelawson6996

Turnadot & sons is a small wholesaler of decorative cast iron objects. the following events, related to a special customer order, occur as described below: august 5, 2015: turnadot receives the special order for 200 outdoor planters at a selling price of $50 each, including delivery at a future convenient time and location. the customer, with whom turnadot has had a long-term, trouble-free relationship, pays $3,000 as a deposit and agrees to pay the rest on delivery. turnadot immediately orders $4,000 worth of planters from its supplier and pays a $1,000 deposit for them. august 27, 2015: turnadot pays $3,000 balance due to the supplier upon delivery of the planters to its warehouse. september 5, 2015: the customer calls for delivery of the planters, and pays the balance of $7,000 when they arrive at the customer site. what is the dollar gross margin earned by turnadot on the special order for 200 planters?

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Turnadot & sons is a small wholesaler of decorative cast iron objects. the following events, re...

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