Herald Company had sales of $135,000, sales discounts of $2,000, and sales returns of $3,200. Herald Company's net sales equal: A. $5,200. B. $129,800. C. $133,000. D. $135,000. E. $140,200.
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- Safety Company had $45,000 in gross sales, $1,200 in sales discounts, $10,000 in cost of goods sold, $5,500 in selling expenses, $600 in sales returns and allowances, and $7,200 in general expenses. What is Safety Company net sales? a.$35,000 b.$43,200 c.$20,500 d.$33,200Please give me answerUnited importers report net income $50,000 and COGS of $300,000. If the company’s gross profit rate was 40%, net sales werea. $500,000b. $750,000c. $83,000d. $550,000
- o. Horner Corporation reported net sales of $150.000, cost of goods sold of $96,000, operating expenses of $35,000, other expenses of $10,000, net income of $9,000. Calculate the following values. 1. Profit margin. 2. Gross profit rate.Garza Company had sales of $154,200, sales discounts of $2,325, and sales returns of $3,700. Garza Company's net sales equals:A company had a profit margin of 15%. If net income equaled $44,000 and average total assets equaled $335,000, how much were net sales? (Rounded to the nearest whole dollar.) A. $293,333 B. $6,600 C. $223 D. $50,250 E. $291,000
- How much gross profit did Austin sound report?Gross profit ratio of a company was 25%. Its credit sales was $ 20,00,000 and its cash sales was 10% of the total sales. If the indirect expenses of the company were $ 50,000, calculate its net profit ratio.For the year, Simmons Incorporated reports net sales of $100,000, cost of goods sold of $80,000, and an average inventory balance of $40,000. What is Simmons’ gross profit ratio? a. 20%.b. 25%.c. 40%.d. 50%.
- provide short answerThe company's gross profit based on the following is sales $48,000, sales returns and allowances $6,000, operating expenses $6,200, beginning inventory $900, net purchases $9,100, ending inventory $2,300. A. $34,003 B. None of these C. $43,000 D. $34,000 E. $34,300A company had sales of $40,000, sales discounts of $800, sales returns of $1,600, and commissions owed to salespeople of $600. What is net sales? $40,000 $39,200 $38,400 $37,600