lordofdragons073 lordofdragons073

07-11-2022
Mathematics

contestada

Given: Gross sales, $170,000; sales returns and allowances, $9,000; beginning inventory, $8,000; net purchases, $18,000; ending inventory, $5,000; and operating expenses, $56,000. a. Calculate net sales. b. Calculate cost of merchandise (goods) sold. c. Calculate gross profit from sales. d. Calculate net income.

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