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ambermink554Lv1
28 Sep 2019
sales Revenue: 460,000. Cost of goods sold 300,000. operatingexpenses 85,000. sales discounts 20,000. Sales returns andallowances: 15,000. Interest revenue: 5,000.
1) What is net sales revenue?
2) Assume net sales revenue is 450,000. What is gross profit?
sales Revenue: 460,000. Cost of goods sold 300,000. operatingexpenses 85,000. sales discounts 20,000. Sales returns andallowances: 15,000. Interest revenue: 5,000.
1) What is net sales revenue?
2) Assume net sales revenue is 450,000. What is gross profit?
1) What is net sales revenue?
2) Assume net sales revenue is 450,000. What is gross profit?
Hubert KochLv2
28 Sep 2019
Related questions
Rio Grande Company's include the following accounts andbalances:
Sales revenue 480
Cost of goods sold 300
Sales returns and allowances 15
Operating expenses 80
Sales discounts 20
What is the Company's net sales revenue?
| a. | $400 | |
| b. | $445 | |
| c. | $415 | |
| d. | $455 | |
| e. | none of the above |
What is the Gross Profit?
a.$145
b.$105
c.$140
d.$90
e.none of the above
What is the Gross Profit Percentage?
a.13.54%
b.14.61%
c.32.58%
d.21.67%
e.none of the above
