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Cost of Goods Sold $ 200,000 General, Selling, and Administrative Expenses 52,800 Income Tax Expense 3,600 Inventory 12,000 Net Income 22,560 Sales Revenue 284,000 Sales
| Cost of Goods Sold | $ | 200,000 | |
| General, Selling, and Administrative Expenses | 52,800 | ||
| Income Tax Expense | 3,600 | ||
| Inventory | 12,000 | ||
| Net Income | 22,560 | ||
| Sales Revenue | 284,000 | ||
| Sales Discounts | 2,720 | ||
| Sales Returns & Allowances | 2,320 | ||
What is the amount of gross profit?
Multiple Choice
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$75,360
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$78,960
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$84,000
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$26,160
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Public School Finance Decoded
Authors: Jay C. Toland
1st Edition
1475827679, 978-1475827675
