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3) Answer the following questions: Given the following information, answer the questions below Sales $350,000 COGS $115,000 Sales Discount $25,000 Sales Returns and Allowances $12,000
3) Answer the following questions:
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Given the following information, answer the questions below
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- Sales $350,000
- COGS $115,000
- Sales Discount $25,000
- Sales Returns and Allowances $12,000
- Net Income is $31,000
- What are Net Sales?
- What is Gross Margin (aka Gross Profit)?
- What is Gross Profit %
- What is Net Income %
- Please show the formulas and steps needed to solve please.
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Auditing Compensation And Benefits Programs
Authors: Kelli W. Vito
1st Edition
0894136720, 978-0894136726
