From the following details, calculate net sales revenue. Sales Revenue$460,000Sales Discounts Forfeited6,000Cost of Goods Sold300,000Operating Expenses78,000Interest Revenue7,000 A.$473,000 B.$466,000 C.$454,000 D.$460000

Sales revenue is the amount of goods sold during the year.

Answered: From the following details, calculate…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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17 A company purchased $4,600 worth of merchandise. Transportation costs were an additional $405. The company returned $315 worth of merchandise and then paid the invoice within the 1% cash discount period. The total cost of this merchandise is: 1 Multiple Choice polnts $4,510.00. $4.476.00. $4,644.00. $4,647.15. $4,690.00.
Financial information is presented below: Operating expenses $ 60000 Sales returns and allowances 5000 Sales discounts 8000 Sales revenue 142000 Cost of goods sold 110000 Gross Profit would be a.) $19000. b.) $27000. c.) $32000. d.) $37000.
Financial information is presented below: Operating Expenses 91400 Sales Returns and 18400 Allowances Sales Discounts 12700 Sales Revenue 320900 Cost of Goods Sold 173100 The amount of net sales on the income statement would be O $ 302500. O $ 308200. O $ 320900. O $ 289800.
Financial information is presented below: Operating expenses $ 50000 Sales returns and allowances 3000 Sales discounts 5000 Sales revenue 184000 Cost of goods sold 98000 Gross Profit would be $78000. $89000. $83000. $86000.
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13. For the accounting period ended 31 December 2021, merchandise inventories sold were RM100,000 in cash and RM1,000,000 on account. The cost of merchandise inventories was RM750,000 while the Selling and Administrative expenses incurred was RM100,000. What is the amount of the gross profit? Select one: A. RM350,000 B. RM100,000 C. RM250,000 D. RM200,000
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4. The records of Ree-ree Co. show the following information: Increase in accounts payable 10,000 Disbursements for purchases 80,000 Decrease in inventory 30,000 How much is the cost of goods sold? a.120,000 b. 100,000 c. 60,000 d.40,000
Cost of Goods Sold $ 164,000 Income Tax Expense Merchandise Sales (gross revenue) for Cash 238,000 Merchandise Sales (gross revenue) on Credit 41,600 17,470 Office Expenses 18,900 Sales Returns and Allowances 6,990 Salaries and Wages Expense 39,800 E6-17 Part 2 1.2-a. What was the amount of gross profit? 2.2-b. What was the gross profit percentage? (Round your percentage to 1 decimal place.) By Using Cash Method,
Sunburst Electronics reported the following sales information: Cash sales: $82,750 Credit sales: $65,300 Sales returns and allowances: $9,450 Sales discounts: $5,600 Calculate Sunburst Electronics' net sales for this period. a. $133,000 b. $148,050 c. $138,600 d. $143,650 e. $127,400
10 )
Based on the table given below, Net Income Model Data 1 B Sales Cost of Goods Sold $10.000.000 6400.000 Administrative Expenses 500,000 Selling Expenses 5.900.000 Depreciation Expenses 250.000 10 Interest Expenses 20000 11 Taxes $620,000 12 13 Model 14 15 Kiss Profi 1,000,000 16 Operating Expenses 52.110.000 19 Net Operating Inome 1.450.000 arnings Before Tenes 1350.000 19 20 Net Income which of the following formulas would be used to calculate the net income value using only the information in the Model, and not in the Data section?. -B6-B15 -B15-B16-B17+B18 -B5-B17 -B18-B11

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Sales Revenue	$460,000
Sales Discounts Forfeited	6,000
Cost of Goods Sold	300,000
Operating Expenses	78,000
Interest Revenue	7,000

From the following​ details, calculate net sales revenue. Sales Revenue $460,000 Sales Discounts Forfeited 6,000 Cost of Goods Sold 300,000 Operating Expenses 78,000 Interest Revenue 7,000 A. $473,000 B. $466,000 C. $454,000 D. $460000

From the following details, calculate net sales revenue. Sales Revenue $460,000 Sales Discounts Forfeited 6,000 Cost of Goods Sold 300,000 Operating Expenses 78,000 Interest Revenue 7,000 A. $473,000 B. $466,000 C. $454,000 D. $460000