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What is Compute RGP Without Collections or GP Rate about?

1. If collections and GP rates are not provided, RGP can still be computed by first calculating GP rates for prior years using sales, beginning installment accounts receivable, and ending deferred gross profit. 2. Collections are then used to compute RGP, with beginning installment accounts receivable multiplied by the GP rate equaling beginning deferred gross profit. Payments are applied to interest income and reduction of principal outstanding. 3. Total collections minus interest income are applied to

Author

Nadine Santiago

Language

EN