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Table 5.1 Sales revenue Cost of goods sold Operating expenses Sales discounts Sales returns and allowances Interest Revenue $460,000 300,000 85,000 20,000 15,000 5,000 7)

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Table 5.1 Sales revenue Cost of goods sold Operating expenses Sales discounts Sales returns and allowances Interest Revenue $460,000 300,000 85,000 20,000 15,000 5,000 7) Refer to Table 5.1. What is net sales revenue? A) $400,000 B) $455,000 C) $425,000 D) $415,000 8) Refer to Table 5.1. What is gross profit? 8) A) $140,000 B) $90,000 C)$125,00 D) $160,000

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