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Lopes Company purchased merchandise inventory with the following credit terms: 2/21,N135 Determine the number days after purchase that the entire payment is due. QUESTION 21

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Lopes Company purchased merchandise inventory with the following credit terms: 2/21,N135 Determine the number days after purchase that the entire payment is due. QUESTION 21 During 2020, Gogue Company generated revenues of $90,000. The company's expenses were as follows: cost of goods sold of $43,000. operating expenses of $3,000 and a loss on the sale of equipment of $19,000. Calculate Gocue Company's income from operations for 2020. QUESTION 22 During 2020, Gogue Company generated revenues of $90,000. The company's expenses were as follows: cost of goods sold of $39,000, operating expenses of $1,000 and a loss on the sale of equipment of $15,000. Calculate Goave Company's gross profit for 2020

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