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A company's total sales in a year were $2,955,000. The cost price of goods sold was $2,040,000. Given below are the overheads paid during the year. Calculate the net profit.A $237,500 Wages Electricity and gas 17,300 Telephone 1,790 Rent of premises 44,050 Office expenses 19,080

A company's total sales in a year were $2,955,000. The cost price of goods sold was $2,040,000. Given below are the overheads paid during the year. Calculate the net profit.A $237,500 Wages Electricity and gas 17,300 Telephone 1,790 Rent of premises 44,050 Office expenses 19,080

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 2MC: The following information is available for Cooke Company for the current year: The gross margin is...
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Calculate the net profit

A company's total sales in a year were $2,955,000. The cost price of goods sold was $2,040,000. Given below are the overheads paid during the year. Calculate the net profit.A $237,500 Wages Electricity and gas 17,300 Telephone 1,790 Rent of premises 44,050 Office expenses 19,080
Transcribed Image Text:A company's total sales in a year were $2,955,000. The cost price of goods sold was $2,040,000. Given below are the overheads paid during the year. Calculate the net profit.A $237,500 Wages Electricity and gas 17,300 Telephone 1,790 Rent of premises 44,050 Office expenses 19,080
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