What is the dollar amount of net sales

Assignment Help Accounting Basics
Reference no: EM133148125

Question - Gross sales total $250,000, one-half of which were credit sales. Sales returns and allowances of $15,000 apply to the credit sales, sales discounts of 2% were taken on all of the net credit sales, and credit card sales of $100,000 were subject to a credit card discount of 3%. What is the dollar amount of net sales?

Reference no: EM133148125

Questions Cloud

What type of ethical dilemmas might you encounter as a cpa : What type of ethical dilemmas might you encounter as a CPA Candidate? What steps can you take to help ensure that when you face a "character-defining moment"
Present a cash flow projection for the next three years : Your overhead, legal and accounting costs amount to 62,500 in the first year and 31,250 per year in subsequent years. Present a cash flow projection
What release price should the lender charge : You have found a lender who is willing to make a land development loan for 75% of the total project costs. What release price should the lender charge
Lean startup and minimum viable product : You are a 'social entrepreneur' with a keen eye for opportunity to 'do good' whilst achieving great profit. You have identified the enormous problem
What is the dollar amount of net sales : Sales returns and allowances of $15,000 apply to the credit sales, sales discounts of 2%. What is the dollar amount of net sales
Determine the maximum non-linearity of the sensor : Apply mathematical skills in more complex contexts involving instrumentation and control - Relate the performance of an instrumentation system to the properties
Business running an e-business : He wants to set up his own business running an e-business (he wants to sell men's shoes). He has researched this for some years, knows the amount of money he co
Determine environmental hazards and requirements : 1. How can we determine environmental hazards and requirements using Job Safety and Environmental Analysis (JSEA)?
Are you willing to risk property or other assets : Financial resources are the running blood of the organization. 1) Are you willing to give up some amount of ownership of your company?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd