Cushman company had $820000 in sales, sales discounts of $12,300, sales returns and allowances of $18,450, cost of goods sold of $389,500, and $282,080 in operating expenses. Gross profit equals:
Cushman company had $820000 in sales, sales discounts of $12,300, sales returns and allowances of $18,450, cost of goods sold of $389,500, and $282,080 in operating expenses. Gross profit equals:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please help me with show all calculation thanku

Transcribed Image Text:Cushman company had $820000 in
sales, sales discounts of $12,300, sales
returns and allowances of $18,450,
cost of goods sold of $389,500, and
$282,080 in operating expenses. Gross
profit equals:
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