general account If a gross margin of $35,000 is 28% of net sales revenues, then netsales revenues must be:a. $9,800b. $25,200c. $100,000d. $125,000e. none of these

Calculation of Net Sales RevenueLet the Sales Revenue be $A Gross Margin = 28% of Sales Revenueor,…

Answered: If a gross margin of $35,000 is 28% of…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter6: Merchandising Transactions

Section: Chapter Questions

Problem 19Q: The following is select account information for Sunrise Motors. Sales: $256,400; Sales Returns and...

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If a gross margin of $35,000 is 28% of net sales revenues, then net sales revenues must be: a. $9,800 b. $25,200 c. $100,000 d. $125,000 e. none of these