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To solve this problem for Kupfer Company, we’ll go through each part step-by-step:

### Given Information
- **Sales revenue**: $510,000
- **Sales returns and allowances**: $15,000
- **Cost of goods sold**: $330,000
- **Operating expenses**: $90,000

### Solutions

#### (a) Compute the net sales.
Net Sales = Sales Revenue - Sales Returns and Allowances
\[
\text{Net Sales} = 510,000 - 15,000 = 495,000
\]

#### (b) Compute the gross profit.
Gross Profit = Net Sales - Cost of Goods Sold
\[
\text{Gross Profit} = 495,000 - 330,000 = 165,000
\]

#### (c) Compute the income from operations.
Income from Operations = Gross Profit - Operating Expenses
\[
\text{Income from Operations} = 165,000 - 90,000 = 75,000
\]

#### (d) Compute the gross profit rate.
Gross Profit Rate = (Gross Profit / Net Sales) * 100
\[
\text{Gross Profit Rate} = \left( \frac{165,000}{495,000} \right) \times 100 = 33.3\%
\]

### Summary of Answers
- **(a) Net Sales**: $495,000
- **(b) Gross Profit**: $165,000
- **(c) Income from Operations**: $75,000
- **(d) Gross Profit Rate**: 33.3%

Would you like more details or have any questions on these calculations?

### Related Questions
1. What would be the impact on gross profit rate if sales returns increased?
2. How would a reduction in operating expenses affect income from operations?
3. Can you explain why the gross profit rate is important for evaluating company performance?
4. How would changes in cost of goods sold affect gross profit and net income?
5. How do we interpret a high versus a low gross profit rate in a company's financial health?

### Tip
Gross profit rate helps in comparing profitability across different periods or companies, showing efficiency in managing production costs.

Assume Kupfer Company has the following reported amounts: Sales revenue $510,000, Sales returns and allowances $15,000, Cost of goods sold $330,000, and Operating expenses $90,000. (a) Compute the net sales. (b) Compute the gross profit. (c) Compute the income from operations. (d) Compute the gross profit rate (rounded to 1 decimal place).

Calculate key financial metrics for Kupfer Company, including net sales, gross profit, income from operations, and the gross profit rate based on given data. This problem demonstrates basic financial accounting calculations and percentage computation.

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