Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A company had the following information taken from various accounts at the end of the year: Sales returns $ 4 1 , 0 0 0

A company had the following information taken from various accounts at the end of the year:
Sales returns $ 41,000
Deferred revenues $ 32,000
Total revenues $ 459,000
Cost of Goods Sold $ 175,000
Sales allowances $ 35,000
Accounts receivable $ 205,000
What was the company's net revenues for the year?
A) $415,000.
B) $418,000.
C) $383,000.
D) $351,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Cost Benefit Analysis Concepts And Practice

Authors: Anthony E. Boardman, David H. Greenberg, Aidan R. Vining, David L. Weimer

3rd Edition

0131435833, 978-0131435834

More Books

Students also viewed these Accounting questions

Question

Is F(x) = ln x 2 an antiderivative of f(x) = ln (2x)? Explain.

Answered: 1 week ago

Question

What could Jean do to break the Facebook habit?

Answered: 1 week ago

Question

=+d. Does it offer little phrases? If they work? Like this.

Answered: 1 week ago

Question

=+c. Does it use short, concise sentences?

Answered: 1 week ago