A Company Has Net Sales of $1,909,000,sales Commissions in the Amount

question 22

Short Answer

A company has net sales of $1,909,000,sales commissions in the amount of $250,000,net income of $866,400,and gross profit ratio of 60%.What is the amount of cost of goods sold?

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Definitions:

2,000-Calorie

A reference daily intake level used for nutrition labeling, representing an estimated amount of calories a typical adult should consume daily to maintain their weight.

U.S. Department of Agriculture

A federal department responsible for developing and executing federal laws related to farming, forestry, rural economic development, and food.

MyPlate

An educational tool provided by the United States Department of Agriculture to guide individuals in eating a balanced diet comprising adequate proportions of different food groups.

Dietary Reference Intakes

A set of reference values used to plan and assess nutrient intakes of healthy people, including guidelines for vitamins, minerals, and other dietary components.