Z-Mart had sales of $569,300. Gross profit was $239,106. What is the cost of goods sold?
A) $330,194.
B) $276,194.
C) $808,406.
D) $357,194.
E) 42%.
Correct Answer:
Verified
Q69: Wholesalers
A)Buy products from other wholesalers and sell
Q70: On December 5, Z-Mart purchased $1,800 worth
Q71: To calculate the total cost of a
Q72: A periodic inventory system
A)Was historically used by
Q73: A periodic inventory system
A)Does not require a
Q75: The operating cycle of a merchandising company
A)Ends
Q76: Z-Mart uses the perpetual inventory system and
Q77: 2/10, n/30 is interpreted as
A)2% discount if
Q78: In a periodic inventory system
A)A continuous record
Q79: Cost of goods sold is
A)An operating expense.
B)The
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