Business
Business, 27.09.2019 02:30, adreyan3479

Willett co. had the following amounts related to the sale of consignment inventory: cost of merchandise shipped to consignee $100,000 sales revenue for three fourths of inventory sold by consignee $125,000 freight cost for merchandise shipped $10,000 advertising paid for by consignee, to be reimbursed $5,000 10% commission due the consignee for the sale $12,500 what amount should willett report as net profit (loss) from this transaction for the year?

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