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Business, 29.06.2019 08:50 lisilyn2437

On november 1, 2017, lotz company sold merchandise for $16,000, fob destination, with payment terms of 2/10, n/40. customer returns on this sale amounted to $4,000. the company received payment for the balance on november 10, 2017. the cost of goods sold was $3,600. calculate the amount of gross profit from these transactions. $12,400 $8,160 $8,400 $11,760

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On november 1, 2017, lotz company sold merchandise for $16,000, fob destination, with payment terms...
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