Flounder s Fashions sold merchandise for $ 211000 cash during the month of July. Returns that month

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Flounder’s Fashions sold merchandise for $211000 cash during the month of July. Returns that month totaled $5000. If the company’s gross profit rate is 40%, Flounder’s will report monthly net sales revenue and cost of goods sold of

$206000 and $82400.

$211000 and $123600.

$206000 and $123600.

$211000 and $126600.

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Financial Accounting Tools for business decision making

ISBN: 978-0470534779

6th Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Posted Date: Jan 16, 2022 08:48 PM

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Flounder s Fashions sold merchandise for $ 211000 cash during the month of July. Returns that month

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206000 and 123600 Net sales ... View the full answer

Financial Accounting Tools for business decision making

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