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Suppose Pare Co. estimates that 2.6% of everything its sells will be returned. If Pare Co. has sales revenue of $6,000,000 in the month of
Suppose Pare Co. estimates that 2.6% of everything its sells will be returned. If Pare Co. has sales revenue of $6,000,000 in the month of August and cost of goods sold is 30% of sales revenue, what amount should Pare Co. report as inventory returns estimated
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