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Q1) For month of February, 2009, Randy's Spa Supplies had total sales revenue of $92,600. Sales returns were $3,450. Sales discounts totaled $765. Cost of goods sold for business was $72,338.

1. Determine Net Sales for Randy's Spa Supplies in February?

2. Compute Gross Profit for Randy's Spa Supplies in February?

3. Determine Gross Profit rate for Randy's Spa Supplies in February?

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M920756

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