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Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
Edition 8ISBN: 978-1305585454Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
Edition 8ISBN: 978-1305585454 Exercise 88
For the month of January, Consolidated Engine Parts, Inc. had the following financial information: merchandise inventory, January 1, $322,000; merchandise inventory, January 31, $316,400; gross purchases, $243,460; purchase returns and allowances, $26,880; and freight in, $3,430.
a. What are Consolidated's goods available for sale
b. What is the cost of goods sold for January
c. If net sales were $389,450, what was the gross margin for January
d. If total operating expenses were $179,800, what was the net profit or loss
a. What are Consolidated's goods available for sale
b. What is the cost of goods sold for January
c. If net sales were $389,450, what was the gross margin for January
d. If total operating expenses were $179,800, what was the net profit or loss
Explanation
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Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
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