Garza Company had sales of $155,000, sales discounts of $2,325, and sales returns of $3,720. Garza Company's net sales equals:Multiple Choice$155,000.O$152,675.$6,045.$161,045.$148,955.

Step 1:The net sales are computed by deducting sales discounts and sales returns from the total…

Answered: Garza Company had sales of $155,000,…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter6: Merchandising Transactions

Section: Chapter Questions

Problem 19Q: The following is select account information for Sunrise Motors. Sales: $256,400; Sales Returns and...

See similar textbooks

Similar questions

Garza Company had sales of $145,000, sales discounts of $2.175, and sales returns of $3,480. Garza Company's net sales equals Multiple Choice C $5.655 $039.345 $142.825 $145.000 $150,655
Cushman Company had $814,000 in sales, sales discounts of $12,210, sales returns and allowances of $18,315, cost of goods sold of $386,650, and $280,015 in operating expenses. Gross profit equals: O Multiple Choice $396,825. O $415,140. $409,035. $783,475. $116,810.
Cushman Company had $824,000 in sales, sales discounts of $12,360, sales returns and allowances of $18,540, cost of goods sold of $391,400, and $283,455 In operating expenses. Net income equals: Multiple Choice O $793,100. O $401,700. O $180,045. $149,145. $118,245.
Prentice Company had cash sales of $95,275, credit sales of $84,050, sales returns and allowances of $2,100, and sales discounts of $3,875. Prentice's net sales for this period equal: Multiple Choice $175,450 $177,225. $173,350. $179,325. $95,275.
Ulra's net sales are ?
A company has sales of $695,000 and cost of goods sold of $278,000. Its gross profit equals: Multiple Choice $(417,000). $695,000. $278,000. $417,000. $973,000.
Garza Company had sales of $154,200, sales discounts of $2,325, and sales returns of $3,700. Garza Company's net sales equals:
Need answer the question please
Please give me answer
Cushman Company had $834,000 in net sales, $364,875 in gross profit, and $208,500 in operating expenses. Cost of goods sold equals: Multiple Choice $834,000. $364,875. $260,625. $469,125. $208,500.
Calculate the gross margin
Please help me with show all calculation thanku

SEE MORE QUESTIONS

Recommended textbooks for you

Principles of Accounting Volume 1

Accounting

ISBN:

9781947172685

Author:

OpenStax

Publisher:

OpenStax College

Intermediate Accounting: Reporting And Analysis

Accounting

ISBN:

9781337788281

Author:

James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:

Cengage Learning

Principles of Accounting Volume 1

Accounting

ISBN:

9781947172685

Author:

OpenStax

Publisher:

OpenStax College

Intermediate Accounting: Reporting And Analysis

Accounting

ISBN:

9781337788281

Author:

James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:

Cengage Learning

SEE MORE TEXTBOOKS

Garza Company had sales of $155,000, sales discounts of $2,325, and sales returns of $3,720. Garza Company's net sales equals: Multiple Choice $155,000. O $152,675. $6,045. $161,045. $148,955.