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19. Assume a beginning inventory of $32,000, ending inventory of $51,000, and purchases of $135,000. If the gross margin percent is 60%, how much is net sales revenue? a. $46,400 b. $116,000 c. $193,333 С. d. $135,000 e. $290,000 е.

19. Assume a beginning inventory of $32,000, ending inventory of $51,000, and purchases of $135,000. If the gross margin percent is 60%, how much is net sales revenue? a. $46,400 b. $116,000 c. $193,333 С. d. $135,000 e. $290,000 е.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:Document1 - Word e Search Jasmine Thompson | Draw Design Layout References Mailings Review View Help B Share Cor A A Aa A EE - E EE A T O Find - alibri (Body) AaBbCcDd AaBbCcDd AaBbC AABBCCC AaB AaBbCcD AaBbCcDd AaBbCcDd Replace IU ab x, x' A A - 三 這、 、日田 1 Normal 1 No Spac. Heading 1 Heading 2 Title Subtitle Subtle Em. Emphasis Dictate E A Select Font Paragraph Styles Editing Voice 2 3 e. net income is understated 19. Assume a beginning inventory of $32,000, ending inventory of $51,000, and purchases of $135,000. If the gross margin percent is 60%, how much is net sales revenue? a. $46,400 b. $116,000 c. $193,333 d. $135,000 e. $290,000 20. If Accounts Payable has debit postings of $25,000, credit postings of $18,000, and a nLandimahalanaaof ĆE O00 whatw.na ite hai %24 D. Focus sh (United States) ENG %23 US ch 0日 @
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