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Heller Company offers an unconditional return policy to its customers. During the current period, the company records total sales of $722,500 , with a cost
Heller Company offers an unconditional return policy to its customers. During the current period, the company records total sales of $722,500 , with a cost of merchandise to Heller of $289,000 . Based on past experience, Heller Company expects 4% of sales to be returned. How much gross profit will Heller Company recognize for the current period?
Select one:
a. $416,160
b. $722,500
c. $300,560
d. $693,600
e. $433,500
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