Based on the following information, compute net sales: Gross sales $2,880 Sales returns and allowances 322 Sales
Question:
Based on the following information, compute net sales:
Gross sales $2,880
Sales returns and allowances 322
Sales discounts 56
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (4 reviews)
Sales 2880 LessSales returns and allowances 322 ...View the full answer
Answered By
Ayush Mishra
I am a certified online tutor, with more than 3 years of experience in online tutoring. My tutoring subjects include: Physics, Mathematics and Mechanical engineering. I have also been awarded as best tutor for year 2019 in my previous organisation. Being a Mechanical Engineer, I love to tell the application of the concepts of science and mathematics in the real world. This help students to develop interest and makes learning fun and easy. This in turn, automatically improves their grades in the subject. I teach students to get prepared for college entry level exam. I also use to teach undergraduate students and guide them through their career aim.
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
Based on the following information, compute net sales. Gross sales ............................................................... $3,860 Sales returns and allowances...
-
Based on the following information, compute cash flows from investing activities. Cash collections from customers .. $550 Sale of used equipment ...... 250 Depreciation expense ....... 200 Purchase...
-
Based on the following information, compute cash flows from financing activities. Purchase of short-term investments ..... $500 Dividends paid .............. 900 Interest paid .............. 300...
-
1. Does Amazon have a special responsibility to their employees given the current COVID-19 pandemic? Are they meeting this responsibility? Why or why not? 2. How should Amazon prioritize their...
-
You are reviewing the financial statements of Rising Yeast Co. During 2017, Rising Yeast purchased two other companies for $17 million. Also during fiscal 2017, Rising Yeast made capital expenditures...
-
Consider a single heat source located at the origin with temperature (a) Calculate the heat flux across the surface as shown in the figure. (b) Repeat the calculation in part (a) using the...
-
What is the definition of the odds ratio? What is the relationship between the odds ratio and the slope coefficient ????1? For what quantity is the odds ratio sometimes used as an estimate?
-
The widget industry is a constant-cost industry, so that all firms are identical. The following chart shows the industry-wide demand curve and the marginal cost curve of a typical firm: The industry...
-
3 Which type of business plan is internally focused? a formal pitch O an operational business plan a short business plan a traditional business plan 27
-
Supercom Ltd. Produces two computer models: PC1086 and PC1186. Matrix A shows the cost per computer (in thousands of dollars) for raw materials, labor and miscellaneous. [1.2 161 A=0.3 0.4 lo.5 0.61...
-
Using T accounts for Cash, Accounts Receivable, Sales Tax Payable, Sales, Sales Returns and Allowances, and Sales Discounts, enter the following sales transactions. Use a new set of accounts for each...
-
Prepare journal entries for the following transactions. Oct. 5 Sold merchandise on account to B. Farnsby for $280 plus sales tax of 4%. 8 Sold merchandise on account to F. Preetee for $240 plus sales...
-
How are the alternative matrix and feasibility analysis related?
-
Given below is some is a comparison of financial performance data of a project when flexibility is incorporated (I.e. flexible project) in comparison to when it is not. (i.e. inflexible project) The...
-
For Service Zone H, assuming your shipment chargeable weight is between 100 and 300 kg, at what weight does it become cheaper to declare the shipment weight to be 300 kg.? EG: What is the rate break...
-
Gold Dust Ltd has produced the following budgeted data for its current financial year:- Sales 2900000 Direct materials 400000 Direct labour 500000 Production overhead 1200000 Production cost 2100000...
-
Critical Review V Hide Assignment Information Instructions Williams, A. (2012). Worry, intolerance of uncertainty, and statistics anxiety. Click on the following link to retrieve the article....
-
(4.) Octopussy Company uses a predetermined overhead rate in applying overhead to production orders on a labor-cost basis for Dept. A and on a machine-hour basis for Dept. B. At the beginning of...
-
How does the Miya Patient Flow system enhance knowledge management among care teams and within a hospital? LO2
-
Thalina Mineral Works is one of the worlds leading producers of cultured pearls. The companys condensed statement of cash flows for the years 20182020 follows. Required Comment on Thalina Mineral...
-
Let us evaluate a simple trading strategy whose goal is to limit downside risk. Suppose you are holding one share of stock. You sell the stock as soon your loss (relative to the original price of...
-
On June 10, 201X, Even Co. issued debit memorandum no. 1 for $360 to Mango Co. for merchandise returned from invoice no. 312. Your task is to journalize, record, and post this transaction as...
-
Journalize, record, and post when appropriate the following transactions into the general journal (p. 2) for Kadens Clothing. All purchases discounts are 4/10, n/30. If using working papers, be sure...
-
From Exercise 10A-3, prepare a schedule of accounts payable and verify that the total of the schedule equals the amount in the controlling account. In Exercise10A-3, Accounts Payable Subsidiary...
-
The number of hours studied and the scores that students earned are shown. Creating a scatter chart, which statement is true regarding the relationship between the hours of study and scores earned....
-
Five samples of 12 each were extracted from a population. Based on the central limit theorem, what is the best estimate of the SD of the population? A B C D E 270 230 290 238 315 303 274 270 246 244...
-
In a national test, the mean score was 1575 and the standard deviation was 85. What % of the students earned a score between1500 and 1600 if the scores were Normally distributed?
Study smarter with the SolutionInn App