Gibson Enterprises had sales of $189,500, of $3,150, and sales discounts returns of $4,900. sales What are Gibson Enterprises' net sales? (a) $6,025 (b) $181,450 (c) $185,350 (d) $189,500 (e) $197,550
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- Branton Ltd. had cash sales of $56,390, credit sales of $42,810, sales returns and allowances of $6,450, and sales discounts of $5,120. The company's net sales for this period___. A. $88,200 B. $87,630 C. $92,180 D. $93,830 E. $95,900What is the gross profit rate?The following accounts of Rex Company are as follows: Sales P480,000; Cost of goods sold P300,000; Sales discounts P20,000; Sales returns and allowances P15,000; Purchase discounts P5,000; Purchase returns and allowances P7,000; Selling Expenses P40,000; General & Administrative expense P45,000; Interest income P5,000. What is the income from operations? P20,000 P55,000 P60,000 P190,000
- What is Preston industries Inc's gross profit?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.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.
- Answer? ?Cushman Company had $820,000 in sales, sales discounts of $12,300, sales returns and allowances of $18,450, cost of goods sold of $389,500, and $282,080 in operating expenses. Net income equals??If gross sales is P40,000, sales returns and allowances P1,000, sales discounts P400, and delivery expenses P100, the net sales of the business will total