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A company had the following activity during the current period: Cash Sales = $60,300 Credit Sales = $45,100 . Sales Returns and Allowances = $6,200 • Sales Discounts = $5,500 What are the company's Net Sales for this period?

A company had the following activity during the current period: Cash Sales = $60,300 Credit Sales = $45,100 . Sales Returns and Allowances = $6,200 • Sales Discounts = $5,500 What are the company's Net Sales for this period?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter16: Working Capital Policy And Short-term Financing
Section: Chapter Questions
Problem 12P
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A company had the following activity during the current period: Cash Sales = $60,300 Credit Sales = $45,100 . Sales Returns and Allowances = $6,200 • Sales Discounts = $5,500 What are the company's Net Sales for this period?
Transcribed Image Text:A company had the following activity during the current period: Cash Sales = $60,300 Credit Sales = $45,100 . Sales Returns and Allowances = $6,200 • Sales Discounts = $5,500 What are the company's Net Sales for this period?
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