Homework Help is Here – Start Your Trial Now!
Business
Accounting
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

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

Principles of Accounting Volume 1
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...
See similar textbooks
icon
Related questions
Question
100%

Need help with this question solution general accounting

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
Transcribed Image Text: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
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Accounting Volume 1
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS