Chapter 11, Problem 4Q

Monica company sells goods on credit. On one sale, they sold it for $20,000 and offered a 2/10, net 30 payment option. Two days after sale, the customer complained and they allowed them a $1,000 sales allowance. The customer paid the net amount within 8 days after the sale. The cash proceeds received by the seller are _.

What is the gross profit margin on these financial accounting question?

What will the pretax income equal if sales are $400,000 on these financial accounting question?

Quick answer of this accounting questions

Hello teacher please help me this question

None

Using the following information, what is the amount of net sales on these financial accounting question?

MCQ

Hello tutor please provide this question solution general accounting