what is correct answer

B) net cash. C) cash on demand. D) gross cash. 4) Net sales equal A) gross sales. B) gross sales - sales returns and allowances. C) gross sales - sales returns and allowances - sales discounts. D) sales discounts. 5) Cost of goods sold is A) total cost of inventory purchases during the period. B) total cost of returns for the period. C) total cost of purchases less ending inventory. D) total cost of merchandise sold during the period. 6) Gross profit is sales revenue less cost of goods sold. B) sales revenue less sales returns and allowances. C) sales revenue less inventory. D) sales revenue less operating expenses. 7) Steps taken to reduce losses from credit sales do NOT include A) Investigating each customer's credit rating. B) Reducing the number of purchases made each month. C) Allowing a cash discount for prompt payment. D) Prompt follow up investigation when expected payments are not received