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Business, 14.10.2019 21:30 trobbie817

Last month a company had net sales revenues of $10,000; cost of goods sold of $4,000; other operating expenses of $3,000; non-operating expenses of $1,000; no non-operating revenues, gains or losses; and income taxes of $500. the gross profit was
gross profit =
10,000
- 4,000

= $6,000
- ignore everything except for sales revenue (net sales) and cost of goods sold

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