Ask Question
6 July, 19:35

Mel operates a video game store. His records indicate that he had sales of $78,000. Customers returned $1,500 worth of video games because of various defects. His cost of goods sold was $19,000. What is Mel's Schedule C gross income? A. $78,000B. $76,500C. $59,000D. $57,500

+2
Answers (1)
  1. 6 July, 19:38
    0
    D. $57,500

    Explanation:

    Gross income = sales - (goods returned + cost of goods sold) = $78,000 - ($1,500 + $19,000) = $78,000 - $20,500 = $57,500
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Mel operates a video game store. His records indicate that he had sales of $78,000. Customers returned $1,500 worth of video games because ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers