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Assume that sales revenue are $450,000, sales discounts are $10,000, net income is $35,000, and cost of goods sold is $320,000. How much are gross
Assume that sales revenue are $450,000, sales discounts are $10,000, net income is $35,000, and cost of goods sold is $320,000. How much are gross profit and operating expenses, respectively?
$120,000 and $95,000 |
| $120,000 and $85,000 |
| $130,000 and $85,000 |
| $130,000 and $95,000 |
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