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elixir [45]
3 years ago
6

g Financial information is presented below: Operating Expenses $ 90,000 Sales Returns and Allowances 26,000 Sales Discounts 12,0

00 Sales 300,000 Cost of Goods Sold 158,000 Gross profit would be
Business
1 answer:
zheka24 [161]3 years ago
7 0

Answer:

$104,000

Explanation:

Calculation to determine what Gross profit would be

Using this formula

Gross profit=Sales -Cost of Goods Sold -Sales Returns and Allowances-Sales Discounts

Let plug in the formula

Gross profit=$300,000-$158,000-$26,000- $12,000

Gross profit=$104,000

Therefore Gross profit would be $104,000

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the nominal interest rate is 7 percent and the expected inflation rate is 4 percent. the real interest rate is
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