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Please help. During 2024, its first year of operations, Hollis Industries recorded sales of $11,000,000 and experienced returns of $750,000. Cost of goods sold totaled

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During 2024, its first year of operations, Hollis Industries recorded sales of $11,000,000 and experienced returns of $750,000. Cost of goods sold totaled $8,250,000(75% of sales). The company estimates that 8% of all sales will be returned. How much net revenue will Hollis Industries report at the end of its first year of operations

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