Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If your gross sales total $950,000, your customer returns and allowances total $145,455, and your sales tax is 5.25% . What is your net sales

If your gross sales total $950,000, your customer returns and allowances total $145,455, and your sales tax is 5.25% . What is your net sales volume?

Step by Step Solution

3.52 Rating (145 Votes )

There are 3 Steps involved in it

Step: 1

To find the net sales volume youll subtract the customer returns and allowances f... 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

Understanding Financial Accounting

Authors: Christopher Burnley, Robert Hoskin, Maureen Fizzell, Donald

1st Canadian Edition

1118849388, 9781119048572, 978-1118849385

More Books

Students also viewed these Marketing questions

Question

Describe controls for safeguarding inventory.

Answered: 1 week ago

Question

What do you think the natural cause of your problem is?

Answered: 1 week ago