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Ballard Company uses the perpetual inventory system. The company purchased $9,000 of merchandise from Andes Company under the terms 2/10, net/30. Ballard paid for the
Ballard Company uses the perpetual inventory system. The company purchased $9,000 of merchandise from Andes Company under the terms 2/10, net/30. Ballard paid for the merchandise within 10 days and also paid $350 freight to obtain the goods under terms FOB shipping point. All of the merchandise purchased was sold for $17,000 cash. What is the gross margin that resulted from these transactions? Multiple Choice O $9,000. $7,830. $7,650. $8,000. 
Ballard Company uses the perpetual inventory system. The company purchased $9,000 of merchandise from Andes Company under the terms 2n0. net/30. Ballard paid for the merchandise within 10 days and also paid $350 freight to obtain the goods under terms FOB shipping point All of the merchandise purchased was sold for $17,000 cash. What is the gross margin that resulted from these transactions? Mutiple Choice $9.000 $7,830 57,650 58,000
Ballard Company uses the perpetual inventory system. The company purchased $9,000 of merchandise from Andes Company under the terms 2/10, net/30. Ballard paid for the merchandise within 10 days and also paid $350 freight to obtain the goods under terms FOB shipping point. All of the merchandise purchased was sold for $17,000 cash. What is the gross margin that resulted from these transactions? Multiple Choice O $9,000. $7,830. $7,650. $8,000.
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