专业英语会计学Chap6.pptVIP

24 24 24 24 24 24 24 24 23 23 24 24 24 24 24 24 24 24 24 24 24 24 24 24 24 24 24 24 24 24 24 24 24 24 24 24 24 24 24 24 24 24 24 24 24 24 24 24 24 24 24 24 24 24 24 24 4 4 Modifying an Accounting System Most businesses use special journals rather than a general journal to record routine transactions that occur frequently. Financial Analysis Net Sales Gross Profit Margins Trends over time Comparable store sales Sales per square foot of  selling space Gross profit ? Net sales Overall gross profit  margin Gross profit margins by  department and  products Case 6–1SELECTING AN INVENTORY SYSTEM In each of the following situations, indicate whether you would expect the business to use a periodic inventory system or a perpetual inventory system. Explain the reasons for your answer. Case 6–1 A, The Frontier Shop is a small retail store that sells boots and Western clothing. The store is operated by the owner, who works full time in the business, and by one part time salesclerk. Sales transactions are recorded on an antique cash register. The business uses a manual accounting system, which in maintained by ACE Bookkeeping Service. At the end of each month, an employee of ACE visits The Frontier Shop to update its accounting records, prepare sales tax returns, and perform other necessary accounting services. Case 6–1 B, Allister’s Corner is an art gallery in the Soho district of New York. All accounting records are maintained manually by the owner, who works in the store on a full time basis. The store sells three or four painting s each week, at sales prices ranging form about $5000 to $50000 per painting. C, A publicly owned corporation publishes about 200 titles of college level textbooks. The books are sold to college bookstores throughout the country. Books are distributed to these book stores form four central warehouses, located in California, Texas, Ohio, and Virginia. Case 6–1 D, Toys-4-You operates a national chain of 86 retail toy stores. The company