Bargain Merchandisers Has the Following Transactions for the Month of July

question 216

Multiple Choice

Bargain Merchandisers has the following transactions for the month of July. $$\begin{array} { | l | r | } \hline \text { Net Sales Revenue } & \$ 403,000 \\\hline \text { Cost of Goods Sold } & 310,000 \\\hline \text { Operating Expenses } & 85,000 \\\hline \text { Interest Revenue } & 7,000 \\\hline\end{array}$$ Calculate Gross Profit.

• A) $8,000
• B) $93,000
• C) $185,000
• D) $1,000

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Units of ownership interest in a corporation or financial asset that provide for an equal distribution in any profits, if any are declared, in the form of dividends.

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