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Question - Newark Company has provided the following information:
Sales Revenue, $2,100,000
Selling and administrative expenses, $480,000
Sales returns and allowances, $105,000
Gross profit, $1,510,000
Increase in accounts receivable, $70,000
Bad debt expense, $48,000
Sales discounts, $58,000
Net income, $1,030,000
Required - How much is Newark's cost of sales?
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Bramble Corporation has the excess manufacturing capacity to fill a special order from Nash, Inc.What price can Bramble quote to Nash given this situation?
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