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What def co would report net sale revenue on statement

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Reference no: EM132745788

DEF Co. had the following data for the period ended:

Cash sales P400,000

Credit sales 280,000

Sales discounts 25,000

Sales return 20,000

Freight-in 15,000

Freight-out 16,000

Problem 1: DEF Co. would report net sale revenue on its statement of comprehensive income amounting to;

a. P635,000             c. P620,000

b. P653,000               d. P680,000

Problem 2: XYZ Company sold10 units f goods with a unit list price of P 2,000 on January 1, 2020. Given that the trade discount is 5% and the cash discount is 10% and that the cash discount period is 10 days and the credit period is 30 days, if the customer settles the debt on January 28, 2020, what is the actual amount he needs to pay?

a. P17,100              c. P19,000

b. P18,050                 d. P20,000

Reference no: EM132745788

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