A company has net sales of $892,000 and cost of goods sold of $591,500. its net income is $106,700. The company's gross margin and operating expenses, respectively are:

Multiple Choice O $300,500 and $106,700 O $300,500 and $399,300 $193,800 and $106,700 O $698,200 and $193,800 0 $300,500 and $193,800 A company purchased $9,000 of merchandise on June 15 with terms the balance owed for the merchandise taking any discount it was enti Multiple Choice $9.000 $8.294 une 15 with terms of 3/10, n/45. On June 20, it returned $450 of that me scount it was entitled to. The cash paid on June 24 equals: it returned $450 of that merchandise. On June 24, it paid "une 24 equals: $9,000. O $8,294. O $8,730. O $8,339. $8,550