Net sales = Cash sales +Credit sales - Sales returns and allowances - Sales Discount
Net sales = 94,775 + 83,750-1900-3,675 = $172,950
Answer : $172,950
Prentice Company had cash sales of $94,775, credit sales of $83,750, sales returns and allowances of...
(Ch. 4, 5, 6) Connect - Clas M MHE Reader Swed Prentice Company had cash sales of $94.525, credit sales of $83,600, sales returns and allowances of $1,800, and sales discounts of $3,575. Prentice's net sales for this period equal: Help Save & ER Submit Multiple Choice
16 Cushman Company had $810,000 in sales, sales discounts of $12,150, sales returns and allowances of $18,225, cost of goods sold of $384750 and $278,640 in operating expenses. Net income equals: 01.25.00 Multiple Choice $176 985 $779,625 $394,875 $116.235 $146.610 ME < Prev 16 of 37 III Neb >
A company reports the following sales-related information. Sales, gross $ 240,000 Sales returns and allowances $ 19,000 Sales discounts 4,800 Sales salaries expense 10,800 Sales, gross $ 240,000 Sales returns and allowances $ 19,000 Sales discounts 4,800 Sales salaries expense 10,800 Prepare the net sales portion only of this company’s multiple-step income statement.
Help Save & Cushman Company had $836,000 in sales, sales discounts of $12,540, sales returns and allowances of $18,810, cost of goods sold of $397100, and $287.585 in operating expenses. Net income equals: Multiple Choice C) $804,650. o $151315 o o C snosts ( $182 665 Prex 36 of 40 !!! Next >
Which of the following best describes credit sales? Multiple Choice Cash sales to customers that are new to the company. Sales to customers using credit cards. Sales to customers on account. Sales with a high risk that the customer will return the product. $22.000; 9 A company reported the following amounts at the end of the year: total sales revenue = $624,000; sales allowances - $6,000; sales returns net revenues $588,000. What amount did the company report for sales discounts...
Cushman Company had $848,000 in sales, sales discounts of $12,720, sales returns and allowances of $19,080, cost of goods sold of $402,800, and $291,710 in operating expenses. Gross profit equals:
Soriano Company had net sales of $300,000 for the month (after returns and allowances of $1,500 and sales discounts of $3,250. Beginning inventory for the month was S60.000; purchases for the month were $175,000; and gross profit was 43%. What was the cost of goods sold for the month? Select one: O a. $304,750 b. $171,000 c. $235,000 d.$129,000 6 甸く※ 6 8 9. 0. 5
Soriano Company had net sales of $300,000 for the month (after returns and allowances of $1,500 and sales discounts of $3,250. Beginning inventory for the month was $60,000, purchases for the month were $175,000, and gross profit was 43% What was the gross profit for the month? Select one O a $171,000 b $304,750 c$235,000 d $129,000
Dean's Sprots Posters, Inc. had sales on account of $260,000 last year. Sales returns and allowances were $1,200, and Sales discounts were $800. Accounts receivable balance at the end of hte year was $25,000. Pre-adjusted allowance for bad debts balance was $1,525. Prepare the journal entry to record bad debts for the year if Dean estimates its bad debts at 1% of net credit sales.
Sales, gross Sales discounts $ 265,000 Sales returns and allowances 5,300 Sales salaries expense $ 16,000 11,300 Prepare the net sales portion only of this company's multiple-step income statement.