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Upminustominusdate Merchandisers has the following transactions for the month of July. Sales revenue $460,000 Cost of goods sold 300,000 Operating expenses 85,000 Sales discounts 20,000
Upminustominusdate Merchandisers has the following transactions for the month of July.
| Sales revenue | $460,000 |
| Cost of goods sold | 300,000 |
| Operating expenses | 85,000 |
| Sales discounts | 20,000 |
| Sales returns and allowances | 15,000 |
| Interest revenue | 5,000 |
Calculate Gross Profit.
A.
$125,000
B.$140,000
C.$90,000
D.$160,000
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Data Analysis And Decision Making
Authors: Christian Albright, Wayne Winston, Christopher Zappe
4th Edition
538476125, 978-0538476126
