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Kids, Incorporated, is a wholesaler of toys and games. Kids sales for a recent year were $870,000. Kids, Incorporated, offers a 2 percent discount to
Kids, Incorporated, is a wholesaler of toys and games. Kids sales for a recent year were $870,000. Kids, Incorporated, offers a 2 percent discount to its customers for payment within 10 days. During the year, companies representing 60 percent of sales took advantage of this discount. In addition, $15,000 of sales were returned and received credit against the balance they owed. What was the amount of net sales for the year
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