Use the data in Short Exercise 5-6 to compute Amazon. corn's (a) net sales revenue (b) gross
Question:
Use the data in Short Exercise 5-6 to compute Amazon. corn's
(a) net sales revenue
(b) gross profit.
Exercise 5-6
Suppose Amazon.com sells 1,000 books on account for \($10\) each (cost of these books is \($6,000).\) One hundred of these books (cost, \($600)\) were damaged in shipment, so Amazon later received the damaged goods as sales returns. Then the customer paid the balance within the discount period. Credit terms were 2/15, net 30.
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