Referring to the following table, what is the Net Sales Revenue for Evergreen Supplies? Sales revenue Cost of goods sold Operating expenses Sales discounts $520,000 $320,000 $90,000 $25,000 Sales returns and allowances $20,000 Interest revenue $8,000

Referring to the following table, what is the Net Sales Revenue for Evergreen Supplies? Sales revenue Cost of goods sold Operating expenses Sales discounts $520,000 $320,000 $90,000 $25,000 Sales returns and allowances $20,000 Interest revenue $8,000

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 2MC: The following information is available for Cooke Company for the current year: The gross margin is...

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Question

What is the Revenue for Evergreen Supplies ?

Referring to the following table, what is the Net Sales
Revenue for Evergreen Supplies?
Sales revenue
Cost of goods sold
Operating expenses
Sales discounts
$520,000
$320,000
$90,000
$25,000
Sales returns and allowances $20,000
Interest revenue
$8,000

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Similar questions

The following information is available for Cooke Company for the current year: The gross margin is 40% of net sales. What is the cost of goods available for sale? a. 5840,000 b. 960,000 c. 1,200,000 d. 1,220,000
What is the net sales revenue for evergreen supplies?
What is Gross Profit?
Question Data is below
Using the financial information is presented below: Operating Expenses $ 55,000 Sales Returns and Allowances 13,000 Sales Discount 6,000 Sales 160,000 Costs of Goods Sold 77,000 The amount of Gross Profit would be?
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Provide correct answer for this question
What is the gross profit margin?
Gross Profit would be____.
Using the financial information is presented below: Operating Expenses $ 55,000 Sales Returns and Allowances 13,000 Sales Discount 6,000 Sales 160,000 Costs of Goods Sold 77,000 The gross profit rate would be:
Using the financial information presented below: Operating Expenses $ 55,000 Sales Returns and Allowances 13,000 Sales Discount 6,000 Sales 160,000 Costs of Goods Sold 77,000 What would the amount of net sales on the income statement would be and what would the profit margin rate be?