From the following, calculate (a) Net sales, (b) Gross profit, (c) Net income. Data Sales, $35,000; Sales

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From the following, calculate

(a) Net sales,

(b) Gross profit,

(c) Net income. Data Sales, $35,000; Sales Discounts, $800; Sales Returns and Allowances, $5,000; Cost of Goods Sold, $13,700; Operating Expenses, $4,900.

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College Accounting A Practical Approach

ISBN: 9780134729312

14th Edition

Authors: Jeffrey Slater, Mike Deschamps

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Question Posted: Feb 28, 2020 12:06 PM

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From the following, calculate (a) Net sales, (b) Gross profit, (c) Net income. Data Sales, $35,000; Sales

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College Accounting A Practical Approach

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