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  • Acctg 101 MERCHANDISING QUIZ 2

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    Sky Soronoi
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    The company had net sales of $29,200 and net purchases of $188,000. Their cost of sales was $138,000 resulting in a gross profit of $154,000. The net profit for the period was $54,000.

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    ACCTG 101 MIDTERM

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    The company had net sales of $29,200 and net purchases of $188,000. Their cost of sales was $138,000 resulting in a gross profit of $154,000. The net profit for the period was $54,000.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    10 views1 page

    Acctg 101 MERCHANDISING QUIZ 2

    Uploaded by

    Sky Soronoi
    The company had net sales of $29,200 and net purchases of $188,000. Their cost of sales was $138,000 resulting in a gross profit of $154,000. The net profit for the period was $54,000.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 1

    Answer:

    Net sales 29,200


    Net purchase 188,000
    Cost of sales 138,000
    Gross profit 154,000
    Net profit 54,000

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