What was the amount of net sales, Accounting Basics

+44 141 628 6080
[email protected]

What was the amount of net sales

Response to the following problem:

For the fiscal year, sales were $8,300,000, sales discounts were $100,000, sales returns and allowances were $45,000, and the cost of merchandise sold was $5,000,000.

a. What was the amount of net sales?

b. What was the amount of gross profit?

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What was the amount of net sales

Reference No:- TGS02120069

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

What best foster young childrens cognitive development is

Give feedback: One way teachers can best foster young children's cognitive development is by reflecting on why their students do not understand something

Discuss alternative theoretical perspectives or concepts

Discuss alternative theoretical perspectives or concepts that might apply to the attitude your peer described.

Illustrate the different method of learning

Adult education emerged for older adults to advance in their current jobs so that they had to move ahead financially and professionally.

It is through observation that we learn about the client

It is through observation that we learn about the client. Four other reasons why we observe are: a. To learn about the child in the class or in the home

Describe the origins or history of the mental disorders

1. Describe the origins or history of the mental disorders. 2. Describe the psychological theory or theories that relate to the mental disorders especially in

Discussion about module in human extrastriate cortex

Article: The Fusiform Face Area: A Module in Human Extrastriate Cortex Specialized for Face Perception Summarize the article,

Demonstrates the use of technology to address the needs

Problem: Develop a sample work that demonstrates the use of technology to address the needs of all students.

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What was the amount of net sales

Reference No:- TGS02120069

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : How do business transactions affect accounting equation

Q : What pr recommendations you would have for taylor swift

Q : Preparing a single-step income statement

Q : What strategy can robin hood implement

Q : What was the amount of net sales

Q : Identify three new concepts you did not previously have

Q : Discuss the impact on quantity and price in analysis

Q : What was the amount of cost of merchandise sold

Q : Are you a classical or keynesian economist