A company has $550.000 in net sales and $193.000 in gross profit. This means its cost of goods sold equals $743,000 $550.000 $357,000 $193,000 $(193,000) A company purchased $4.500 of merchandise on May 1 with terms of 2/10, n/30 On May 6, it returned $250 of that merchandise. On May 8, it paid the balance owed for merchandise, taking any discount it is entitled to. The cash paid on May 8 is $4, 500 $4, 250 $4, 160 $4, 165 $4.410 A company has cash sales of $75,000, credit sales of $320,000, sales returns and allowances $ 13.700, and sales discounts of $6,000. Its net sales equal $395,000 $375, 300 $ 300.300 $339, 700 $414, 700