What is its net sales on these financial accounting question? Evergreen Electronics has cash sales of $90,000, creditsales of $410,000, sales returns and allowances of$18,500, and sales discounts of $9,200. What is its netsales?a) $472,300b) $493,000c) $432,800d) $490,000

Step 1: Define Net SalesNet Sales represents the actual revenue a company earns after accounting for…

Answered: Evergreen Electronics 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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Evergreen Electronics has cash sales of $90,000, credit sales of $410,000, sales returns and allowances of $18,500, and sales discounts of $9,200. What is its net sales? a) $472,300 b) $493,000 c) $432,800 d) $490,000