Question
Total gross sales for the period include the following: Credit card sales (discount 3%): $8,400 Sales on account (1/15, n/60): $10,000 All of the sales
Total gross sales for the period include the following:
Credit card sales (discount 3%): $8,400
Sales on account (1/15, n/60): $10,000
All of the sales on account were paid within the discount period. The company treats all discounts as contra-revenues. What amount will be reported on the income statement as net revenues?
(A) $18,048.
(B) $18,148.
(C) $18,300.
(D) $18,400.
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A Biodiversity Audit For Lotopue Mangrove Forests
Authors: Sapa Saifaleupolu, Fiu Mataese Elisara
1st Edition
6200288674, 978-6200288677
