Bargain Merchandisers has the following transactions for the month of July. Net Sales Revenue$419,000Cost of Goods Sold300,000Operating Expenses85,000Interest Revenue6,000 Calculate Gross Profit. A.$119,000 B.$40,000 C.$28,000 D.$34000

Revenue- Revenue refers to the amount of cash that a corporation actually received during the…

Answered: Bargain Merchandisers has the following…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Net Sales Revenue	$419,000
Cost of Goods Sold	300,000
Operating Expenses	85,000
Interest Revenue	6,000

Bargain Merchandisers has the following transactions for the month of July. Net Sales Revenue $419,000 Cost of Goods Sold 300,000 Operating Expenses 85,000 Interest Revenue 6,000 Calculate Gross Profit. A. $119,000 B. $40,000 C. $28,000 D.