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These are 3 parts of 1 practice question. Answer everything together, get an upvote. Given the following assumptions, calculate total gross profit, rounded to the
These are 3 parts of 1 practice question. Answer everything together, get an upvote.
Given the following assumptions, calculate total gross profit, rounded to the nearest dollar: number of units sold = 85, sales price per unit (including sales tax) = $10.00, sales tax rate = 6%, total inventory = $500, cost per unit $2.25, income tax rate = 30% O $611 O $802 O $191 O $850 O none of these Given the following assumptions, calculate operating profit: Total revenue = $23,585, gross margin percentage = 76%, operating expenses = $12,000, interest expense $300, income tax rate = 30% O $5925 O $1696 O $17904 O none of these Given the following assumptions, find the total net income for Aspirations, the lifestyle apparel brand: Number of units sold = 550, sales price (including sales tax of 6%) = $15.00, cost per unit = $7.00, operating expenses = $2000, interest expense = $250, income tax rate = 30% O $1178 O $1505 O $505 O $1933Step by Step Solution
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