Illustrate what is the net sales amount for the period

Assignment Help Financial Accounting

Reference no: EM13130814

A company has sales of $1,500,000, sales discounts of $102,000, sales returns and allowances of $123,000, shipping charges of $15,000, sales commissions of $34,000, net income totaled $263,500, and cost of goods sold of $420,000. What is the net sales amount for the period?

Reference no: EM13130814

Questions Cloud

What are the benefits of purchasing the car outright : We have two possible ways that Edwina could purchase her car; she could pay for it outright from her savings. Or, she could get a loan to pay for the car. What are the benefits of purchasing the car outright include or getting a loan? Is there ano..

Compute the ka for hydrocyanic acid : A 2.5M solution of hydrocyanic acid has a measured pH of 4.5. Calculate the Ka for hydrocyanic acid and its % dissociation.

Adjusting entry for the uncollectibles : Wecker Company's year-end unadjusted trial balance shows accounts receivable of $89,000, allowance for doubtful accounts of $500 (credit), and sales of $270,000. Uncollectibles are estimated to be 1.5% of accounts receivable.

Find the probability of choosing two green balls : If you draw a ball, record the color then draw a second without replacing the first ball, what is the probability of choosing two green balls?

Illustrate what is the net sales amount for the period : A company has sales of $1,500,000, sales discounts of $102,000, sales returns and allowances of $123,000, shipping charges of $15,000, sales commissions of $34,000, net income totaled $263,500, and cost of goods sold of $420,000. Illustrate what i..

Compare the projected cost of one transaction : Hometown Bank is determining the price for its newest mini debit card. The card can be used at any retail outlet with a swipe reader. No PIN number or signature is required.

Determine the price to charge for inspecting : Texas has just passed a law making it mandatory to have every head of cattle inspected at least once a year for a variety of communicable diseases.

Carry out an anova test and state the results : The data collected was for each car for each type of fuel. Performance was measured in miles per gallon. Perform an ANOVA test and state the results.

Compute the fraction of dissociation : Calculate the [H3O+], pH, and the fraction of dissociation (α) in an aqueous 0.140 M NH3 solution. (Hint: You will need the Ka, located in the back of your textbook.)

User Account

All Pages