Mathematics, 25.05.2021 03:20 munaizsiddiqui

Question 11 of 20: Select the best answer for the question. 11. Given gross sales of $50,000, sales returns and allowances of $6,000, beginning inventory of $4,000, net purchases of $8,000, ending inventory of $2,000, and operating expenses of $4,500, calculate net income.
A. $32.500
B. $28,550
C. $29.500
D. $30,570

Answers: 3

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Question 11 of 20: Select the best answer for the question. 11. Given gross sales of $50,000, sales...