Heller company offers an unconditional return policy to its customers. during the current period, the company records total sales of $850,000, with a cost of merchandise to heller of $340,000. based on past experience, heller company expects 4% of sales to be returned. how much gross profit will heller company recognize for the current period? select one: a. $510,000 b. $489,600 c. $816,000 d. $850,000 e. $360,400

At december 31, 2016, pina corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 107,810 shares $10,781,000 common stock, $5 par, 4,026,000 shares 20,130,000 during 2017, pina did not issue any additional common stock. the following also occurred during 2017. income from continuing operations before taxes $21,950,000 discontinued operations (loss before taxes) $3,505,000 preferred dividends declared $1,078,100 common dividends declared $2,300,000 effective tax rate 35 % compute earnings per share data as it should appear in the 2017 income statement of pina corporation