I am trying to find the accurate solution to this general accounting problem with the correct explanation. Pinnacle Company had sales of $185,000, sales discounts of $5,200, and sales returns of$6,800. Pinnacle Company's net sales equal:A. $173,000B. $185,000C. $197,000D. $12,000

Step 1: Definition of Net SalesNet Sales represent the actual revenue a company earns after…

Answered: Pinnacle Company had sales of $185,000,…

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter16: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 29E

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Pinnacle Company had sales of $185,000, sales discounts of $5,200, and sales returns of $6,800. Pinnacle Company's net sales equal: A. $173,000 B. $185,000 C. $197,000 D. $12,000