PK Electronics had the following partial list of account balances at year-end: Account Amount Sales Returns and Allowances $1,500 Accounts Receivable $42,000 Sales Discounts $2,400 Sales Revenue $98,000 Allowance for Doubtful Accounts $1,600 How much is net sales revenue?

PK Electronics had the following partial list of account balances at year-end: Account Amount Sales Returns and Allowances $1,500 Accounts Receivable $42,000 Sales Discounts $2,400 Sales Revenue $98,000 Allowance for Doubtful Accounts $1,600 How much is net sales revenue?

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 14BEA: Last year, Nikkola Company had net sales of 2.299.500,000 and cost of goods sold of 1,755,000,000....

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Question

100%

Accounts receivable:42000, sales discount:2400

PK Electronics had the following partial list of
account balances at year-end:
Account
Amount
Sales Returns and Allowances
$1,500
Accounts Receivable
$42,000
Sales Discounts
$2,400
Sales Revenue
$98,000
Allowance for Doubtful Accounts $1,600
How much is net sales revenue?

Definition Definition Money that the business will be receiving from its clients who have utilized the credit provided to buy its goods and services. The credit period typically lasts for a short term, lasting from a few days, a few months, to a year.

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