please provide answer A company had cash sales of $49,727, credit salesof $38,740, sale returns and allowances of $7,300,and sales discounts of $4,475. The company's netsales for this period:A. $88,467B. $81,167C. $83,992D. $100,242E. $75,692

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Answered: A company had cash sales of $49,727,…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter6: Merchandising Transactions

Section: Chapter Questions

Problem 19Q: The following is select account information for Sunrise Motors. Sales: $256,400; Sales Returns and...

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The following are ABM Store's year-end balances of selected accounts: Cash, P200,000.00; Sales, P185,000.00; Sales Discount, P5,000.00; Cost of Goods Sold, P80,000.00; Operating Expenses, P40,000.00. a. How much is the net sales? b. How much is the gross profit? C. How much is the net income?
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Powers Company reported net sales of $1,310,000, average Accounts Receivable, net of $67,500, and net income of $55,700. The accounts receivable turnover ratio is: Multiple Choice 0.52 times. 18.4 times. 36.8 times. ...
Prentice Company had cash sales of $95,275, credit sales of $84,050, sales returns and allowances of $2,100, and sales discounts of $3,875. Prentice's net sales for this period equal: Multiple Choice $175,450 $177,225. $173,350. $179,325. $95,275.

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A company had cash sales of $49,727, credit sales of $38,740, sale returns and allowances of $7,300, and sales discounts of $4,475. The company's net sales for this period: A. $88,467 B. $81,167 C. $83,992 D. $100,242 E. $75,692