9 A company had a gross profit of $338,000 based on net sales of $419,000. Its cost of goods sold equals $757,000 20130 True or False True False 10 A company purchased $10,400 of merchandise on June 15 with terms of 3/10, n/45, and FOB shipping point. On June 20, it returned $1120 of that merchandise. The shipping charges for the purchase totaled $700. On June 24, it paid the balance owed for the merchandise taking any discount it is entitled to. The cash paid on June 24 equals 0107 Multiple Choice $11,000 O $10.820 $8.000 $10,720 $9.702 11 A company had net sales of $378.000 and cost of goods sold of $214,000. Its gross proft equals $164,000 True or False True False Garza Company had sales of $150,200, sales discounts of $2,250, and sales returns of $3,605. Garza Company's net sales equals: Multiple Choice $144,345 $156,055 $147,950 $150.200 $5,855