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please help It costs Homer's Manufacturing $0.75 to produce baseballs, and Homer sells them for $5.00 apiece. Homer pays a sales commission of 5% of
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It costs Homer's Manufacturing $0.75 to produce baseballs, and Homer sells them for $5.00 apiece. Homer pays a sales commission of 5% of sales revenue to his sales staff. Homer also pays $12,000 a month rent for his factory and store, and also pays $77,000 a month to his staff in addition to the commissions. Homer sold 69,500 baseballs in June. If Homer prepares a traditional income statement for the month of June, what would be his gross profit? $52,125 $295,375 S347,500 S399,625Step by Step Solution
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