Chapter 10, Problem 3IA

I am searching for the correct answer to this general accounting problem with proper accounting rules.

Better Value Hardware began 2010 with a credit balance of $37,500 in the allowance for sales returns account. Sales and cash collections from customers during the year were $1,025,000 and $675,000, respectively. Better Value estimates that 8% of all sales will be returned. During 2010, customers returned merchandise for a credit of $31,000 to their accounts. Better Value's 2010 income statement would report net sales of $__?

Can you help me solve this general accounting problem with the correct methodology?

Calculate the net cash provided or used?

what is the capital turnover? accounting

Accurate answer

I need help finding the accurate solution to this financial accounting problem with valid methods.

I want the correct answer with accounting question

Pension plan assets were $2,350 million at the beginning of the year and $2,580 million at the end of the year. At the end of the year, retiree benefits paid by the trustee were $61 millionand cash invested in the pension fund was $62 million. What was the percentage rate of return on plan assets?