What are the net sales ? Everest Corporation has cash sales of $85,000, credit sales of $340,000, salesreturns and allowances of $15,200, and sales discounts of $7,500. What are the netsales?a. $402,300b. $370,000c. $318,000d. $356,300

Step 1: Definition of Net SalesNet sales refer to the total revenue generated by a company from…

Answered: Everest Corporation has cash sales of…

Corporate Fin Focused Approach

5th Edition

ISBN:9781285660516

Author:EHRHARDT

Publisher:EHRHARDT

Chapter16: Supply Chains And Working Capital Management

Section: Chapter Questions

Problem 11P

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Everest Corporation has cash sales of $85,000, credit sales of $340,000, sales returns and allowances of $15,200, and sales discounts of $7,500. What are the net sales? a. $402,300 b. $370,000 c. $318,000 d. $356,300