Calculate Jenkins' net sales for the period. Jenkins Corporation had cash sales of $150,000, creditsales of $120,000, sales returns and allowances of $5,500,and sales discounts of $4,200. Calculate Jenkins' net salesfor the period.

Step 1: Definition of Net SalesNet Sales is the revenue a company earns from sales after deducting…

Answered: Jenkins Corporation had cash sales of…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter16: Working Capital Policy And Short-term Financing

Section: Chapter Questions

Problem 12P

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Jenkins Corporation had cash sales of $150,000, credit sales of $120,000, sales returns and allowances of $5,500, and sales discounts of $4,200. Calculate Jenkins' net sales for the period.