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San Diego State University Operations And Supply Chain Management Assignment Help - Allowance

Question - Hair World Inc. is a wholesaler of hair supplies. Hair World uses a perpetual inventory system. The following transactions (summarized) have been selected from 2010: a. Sold merchandise for cash (cost of merchandise $27,897). $53,200 b. Received merchandise returned by customers as unsatisfactory (but in perfect condition), for cash refund (original cost of merchandise $460). 700 c. Sold merchandise (costing $4,250) to a customer, on account with terms 2/10, n/30. 10,500 d. Collected half of the balance owed by the customer in (c) within the discount period. 5,145 e. Granted an allowance to the customer in (c). 160 Requirement 1: Compute Sales Revenue, Net Sales, and Gross Profit for Hair World. (Omit the "$" sign in your response.)

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