Ingrid's Fashions sold merchandise for $38,000 cash during the month of July. Returns that month totaled $800.

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Ingrid\'s Fashions sold merchandise for $38,000 cash during the month of July. Returns that month totaled $800. If the company\'s gross profit rate is 40%, Ingrid\'s will report monthly net sales revenue and cost of goods sold for how much?

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Financial Accounting Tools for business decision making

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

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Posted Date: Oct 30, 2020 02:18 AM

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Ingrid's Fashions sold merchandise for $38,000 cash during the month of July. Returns that month totaled $800.

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Financial Accounting Tools for business decision making

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