Assume a beginning inventory of $47,000, ending inventory of $28,000, and purchases of $110,000. If the gross margin percent is 60%, how much is net sales revenue? Select one: a. $215,000 b. $151,667 c. $252,500 d. $322,500 e. $227,500 The Vlasik Company paid a previously declared cash dividend and recorded this journal entry: Expense XX Unearned Revenue XX Determine the effect of the error on Liabilities and Owner's Equity, respectively. Select one: a. Overstated, Overstated b. No error, No error c. Overstated, Understated d. Overstated, No error e. No error, Understated
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