flagler company purchased $4,000 of merchandise on account. flagler sold the merchandise to a customer for $7,000 cash. what is the increase in gross margin and the net change in cash flow from operating activities as a result of these transactions? (consider the effects of both parts of this event.)

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27-10-2022
Business

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flagler company purchased $4,000 of merchandise on account. flagler sold the merchandise to a customer for $7,000 cash. what is the increase in gross margin and the net change in cash flow from operating activities as a result of these transactions? (consider the effects of both parts of this event.)

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ANKITANAND ANKITANAND · Answer 1 · 2022-10-31T12:52:26-04:00

The increase in gross margin and the net change in cash flow from operating activities as a result of these transactions $3,000 $7,000 inflow.

What is gross margin?
The difference between revenue as well as the cost of goods sold (COGS), multiplied by revenue, is the gross margin. Percentages are used to represent gross margin. It is typically determined by taking the selling price of an item, deducting the cost of goods sold (such as production or acquisition costs, excluding indirect fixed expenses like office expenses, rent, as well as administrative costs), and dividing that result by the original selling price. Although the terms "gross margin" and "gross profit" are frequently used interchangeably, they are not the same. While "gross margin" is technically a percentage or ratio, "gross profit" is technologically an absolute monetary amount.

One type of profit margin is the gross margin, which is the amount of profit divided by the total revenue, such as the gross (profit) margin, trying to operate (profit), net (profit), etc.

To learn more about gross margin
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