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During 2024, its first year of operations, Hollis Industries recorded sales of $11,300,000 and experienced...

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Accounting

During 2024, its first year of operations, Hollis Industries recorded sales of $11,300,000 and experienced returns of $900,000. Cost of Hoods sold industries rep $7,910,000 (70% of sales). The company estimates that 9% of all sales will be returned. How much net revenue will be reported

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