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8 Calculate the operating profit or (loss) from the information given below.

by | Aug 19, 2020 | Uncategorized

  

8
Calculate the operating profit or (loss) from the information given below.
Sales revenue
$320,000
Sales returns
11,000
Cost of goods sold
210,000
Selling expense
23,520
Administrative expense
46,270
Marketing expense
26,880
Research and development
6,300

$3,970

$7,030

($3,970)

($7,030) The answer to this question… View the full answer

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