A company had the following partial list of account balances at year-end: • Sales Revenue: $245,000 • Sales Returns and Allowances: $3,800 • • • Sales Discounts: $5,200 Accounts Receivable: $68,500 Allowance for Doubtful Accounts: $2,100 . Cost of Goods Sold: $142,000 1. Compute the Net Sales Revenue.

A company had the following partial list of account balances at year-end: • Sales Revenue: $245,000 • Sales Returns and Allowances: $3,800 • • • Sales Discounts: $5,200 Accounts Receivable: $68,500 Allowance for Doubtful Accounts: $2,100 . Cost of Goods Sold: $142,000 1. Compute the Net Sales Revenue.

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 14BEA: Last year, Nikkola Company had net sales of 2.299.500,000 and cost of goods sold of 1,755,000,000....

See similar textbooks

Similar questions

Last year, Tobys Hats had net sales of 45,000,000 and cost of goods sold of 29,000,000. Tobys had the following balances: Refer to the information for Tobys on the previous page. Required: Note: Round answers to one decimal place. 1. Calculate the average accounts receivable. 2. Calculate the accounts receivable turnover ratio. 3. Calculate the accounts receivable turnover in days.
Montalcino Company had net sales of 54,000,000. Montalcino had the following balances: Required: Note: Round answers to one decimal place. 1. Calculate the average accounts receivable. 2. Calculate the accounts receivable turnover ratio. 3. Calculate the accounts receivable turnover in days.
Whalen Company had net sales of 125,500,250,000. Whalen had the following balances: Required: Note: Round answers to two decimal places. 1. Calculate the average accounts receivable. 2. Calculate the accounts receivable turnover ratio. 3. Calculate the accounts receivable turnover in days.
The following selected information is taken from the financial statements of Arnn Company for its most recent year of operations: During the year, Arnn had net sales of 2.45 million. The cost of goods sold was 1.3 million. Required: Note: Round all answers to two decimal places. 1. Compute the current ratio. 2. Compute the quick or acid-test ratio. 3. Compute the accounts receivable turnover ratio. 4. Compute the accounts receivable turnover in days. 5. Compute the inventory turnover ratio. 6. Compute the inventory turnover in days.
A company had the following partial list of account balances at year-end: Sales Returns and Allowances $2,500 45,500 3,600 102,500 Accounts Receivable Sales Discounts Sales Revenue Allowance for Doubtful Accounts 2,700 How much is net sales revenue?
Net sale revenue
Kindly help me with accounting questions
How much is net sales revenue?
What is the average accounts payable balance? ?
RTE, Inc., reported the following amounts at the end of the year: Total sales Accounts receivable Sales allowances $970,000 80,000 $950 Allowance for uncollectible accounts 4,200 Sales discounts Sales returns $10,700 $1,300 1. Determine total contra revenues for the company. 2. Determine net sales for the company.
Please need answer the accounting question
RTE