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Archy [21]
1 year ago
9

For Standing Bear Company, sales revenue is $200,000, sales returns and allowances are $5,000, sales discounts are $3,000, and c

ost of goods sold is $120,000. Net sales is:_________
a) $192,000.
b) $195,000.
c) $ 72,000.
d) $197,000.
Business
1 answer:
polet [3.4K]1 year ago
6 0

The net sales of the given set of data is:

  • $72,000

<h3>What is Net Sales?</h3>

This refers to the addition of a company's gross sales minus the expenses which includes returns, allowances, etc.

The Gross Sales:

Sales revenue: $200,000

Cost of goods sold: $120,000

Total = $200,000 - $120,000

=$80,000

Expenses:

Sales allowances and discounts: $5,000

Sales discounts: $3,000

Total= $5,000 + $3,000

= $8,000

Therefore, net sales = Gross Sales – Returns – Allowances – Discounts

$80,000- $8,000

=$72,000

Read more about net sales here:

brainly.com/question/2934960

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Answer:

a. Assuming that the yearly benefits, which are measured in real dollars, accrue at the end of each of the 20 years, calculate the net benefits of leasing the land. Should the environmental protection agency pay for this piece of land?

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Since the present value of the benefits is higher than the lease price, then this transaction should be carried out.

b. Some analysts in the agency argue that the annual real benefits are likely to grow at a rate of 2 percent per year due to increasing population and county income. Recalculate the net benefits assuming that they are correct. Should the environmental protection agency pay for this piece of land?

this is a growing annuity, therefore we have to use the following formula:

PV = [p / (r - g)] x {1 - [(1 + g)/(1 + r)]ⁿ}

  • p = $110,000
  • r = 4%
  • g = 2%
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PV = [$110,000 / (4% - 2%)] x {1 - [(1 + 2%)/(1 + 4%)]²⁰} = $5,500,000 x 0.321833005 = $1,770,081.53

Since the present value of the net benefits are even higher now, then the environmental agency should definitely pay.

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2 years ago
Which section of a research poster or paper allows other scientists to repeat an experiment?
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The listing agent received a full price offer that she faxed to the out-of-town seller. The seller signed the faxed copy, and fa
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Answer: Yes contract has been formed.

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In the scenario the actual signature was signed on a hard copy by the seller, but it was then faxed back to the listing agent. This faxed copy, showing the faxed signature, is an electronic document that confirms the existence of the contract in accordance with the UETA. This faxed signature is as enforceable as an ink signature.

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Vertically integrated corporations: Group of answer choices led influential economist David A. Wells to call for a simpler form
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Answer:

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Explanation:

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