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What is net income for a merchandising company with the following data? Sales revenue $55000 Utilities $1100 Inventory on Dec. 31st $9553 Inventory on Jan
What is net income for a merchandising company with the following data?
| Sales revenue | $55000 |
| Utilities | $1100 |
| Inventory on Dec. 31st | $9553 |
| Inventory on Jan 1 | $12000 |
| Rent for shop | $3054 |
| Sales commissions | $4300 |
| Purchases of Merchandise | $36818 |
Input your answers without dollar signs or commas.
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Microeconomics
Authors: Douglas Bernheim, Michael Whinston
2nd edition
73375853, 978-0073375854
