Andrea's Fashions sold merchandise for $190,000 cash during the month of July.Returns that month totaled $4,000.If the company's gross profit rate is 40%, Andrea's will report monthly net sales revenue and cost of goods sold of
A) $190,000 and $114,000.
B) $186,000 and $74,400.
C) $186,000 and $111,600.
D) $190,000 and $111,600.
Correct Answer:
Verified
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