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11) If a company has net sales of $600,000 and cost of goods sold of $372,000, what is the Gross profit percentage? 12) Python Company
11) If a company has net sales of $600,000 and cost of goods sold of $372,000, what is the Gross profit percentage? 12) Python Company sells merchandise on account for $5,000 to Monte Company with credit terms of 2/10, n/30. Monte Company returns $1,500 of merchandise that was damaged, along with a check to settle the account within the discount period. What is the amount of the check? 13) Klum's Fashions sold merchandise for $46,000 cash during the month of July. Returns that month totaled $1,000. If the company's gross profit rate is 30%, I Compute the following: a) Net sales revenue b) Cost of goods sold
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