Question
Liz Stevens operates a virtual software store. Last year she paid $24,000 for software sold, had operating expenses of $6,000, gross sales of $60,000, returns
Liz Stevens operates a virtual software store. Last year she paid $24,000 for software sold, had operating expenses of $6,000, gross sales of $60,000, returns of $480, and paid $3360 in taxes. Determine her gross profit, her net income before taxes, and her net income after taxes. Liz's gross profit was?
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Accounting An Introduction
Authors: Eddie McLaney, Dr Peter Atrill, Eddie J. Mclan
5th Edition
0273733206, 978-0273733201
