Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 05, 2024

8. If Total Sales = 100000, Goods Returned = 5000 and Discount allowed = 5000 Net Sales I........... (a) 90000 (b) 85000 (c) 65000 (d)

8. If Total Sales = 100000, Goods Returned = 5000 and Discount allowed = 5000 Net Sales I........... (a) 90000 (b) 85000 (c) 65000 (d) 115000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Financial Management

Authors: Brigham, Daves

10th Edition

978-1439051764, 1111783659, 9780324594690, 1439051763, 9781111783655, 324594690, 978-1111021573

More Books

Students also viewed these Finance questions

Question

★★★★★

Is net income a permanent account, a temporary account, or something else? Explain.

Answered: 1 week ago

Question

★★★★★

Simon Company's yearend balance sheets follow At December 31 Assets 2018 2017 2016 $ 31,800 $ 35,625 $ 37,80e 89,500 112,500 Cash ACCOunts receivable, net nerchandise inventory Prepaid expenses Plant...

Answered: 1 week ago

Question

★★★★★

2. Choose to use conscious processing as you get to know people. When you mindfully pay attention to someone, you are more likely to understand the uniqueness of him or her. Doing so can increase the...

Answered: 1 week ago

Question

★★★★★

George Ltd manufactures and sells two different types of coils used in electric motors, in September Jessica Martin, the management accountant, compiled the following data for the upcoming annual...

Answered: 1 week ago

Question

★★★★★

8. If Total Sales = 100000, Goods Returned = 5000 and Discount allowed = 5000 Net Sales I........... (a) 90000 (b) 85000 (c) 65000 (d) 115000

Answered: 1 week ago

Question

★★★★★

Questions: (Please show steps) 1. Using the direct method, what is the cost of goods sold for October? 2. What is the total value of the finished goods inventory at the end of October? 3. What is the...

Answered: 1 week ago

Question

★★★★★

6.14 Salvador Industries bought land and built its plant 20 years ago. The depreciation on the building is calculated using the straight-line method, with a life of 30 years and a salvage value of...

Answered: 1 week ago

Question

★★★★★

6. A New York city engineer knows that she will need $150 million in 9 years to implement new automated toll booths on a toll road in the city. Traffic on the road is estimated to be 5 million...

Answered: 1 week ago

Question

★★★★★

1. Which of the following is essential to form haemoglobin in blood? 2. Which of the following is a cold blooded animal ? 3. Who invented penicillin ?

Answered: 1 week ago

Question

★★★★★

1. What is Ebola ? 2.Heart is a muscle? 3. Artificial lighting?

Answered: 1 week ago

Question

★★★★★

1. How many degrees Celsius temperature have at the centre of the interior of earth? 2. What is the distance from the surface to the centre of the earth?

Answered: 1 week ago

Previous Question Next Question