selling expenses. general expenses. other expenses. administrative expenses.

selling expenses.
general expenses.
other expenses.
administrative expenses.
accounts receivable
credit card
sales discount
cash sale
Sales.
Net Sales.
Gross Sales.
Gross Profit.
sales.
net sales.
gross sales.
gross profit.
purchase order.
invoice.
bill of lading.
account receivable.
The cost of merchandise purchased
Fees earned
Accounts receivable
Net sales
gross profit but not income from operations.
neither gross profit nor income from operations.
both gross profit and income from operations.
income from operations but not gross profit.
merchandise is returned by a buyer.
merchandise purchased from a seller is incomplete or short.
merchandise is returned to a seller.
there is a difference between a physical count of inventory and inventory records.

Purchases

$50000

Purchase returns

$ 4000

Purchase discounts

$ 1000

Transportation in

$ 2000

What is the total cost of merchandise purchased for Dig Inc.? (Points : 2)
$50000
$47000
$52000
$48000
Operating expenses
Other expenses
Income taxes
All of these