1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
Help asap plzzzzzzzzzzzzzzzzzzzzzzzzzzz
Artemon [7]

Answer:

college board

Explanation:

3 0
2 years ago
an investor has $50000 that she wishes to invest for her child's college expenses, which the child starts next year. The most su
dezoksy [38]

The investment option that the client should go with to pay the child's college expenses is a. treasury bills.

<h3 /><h3>Why should treasury bills be used?</h3>

Treasury bills have a short term lifespan of less than a year which means that they mature in a short period of time.

The investor can invest in treasury bills and be able to access them by the time the child starts in school the next year.

Options for the question are:

a. treasury bills

b. intermediate-term bonds maturing in 5 years

c. long-term bonds of blue chip companies maturing n 10-30 years

d. a mutual fund based on the S&P 500 index

Find out more on treasury bills at brainly.com/question/14604863

#SPJ1

3 0
1 year ago
Read 2 more answers
Thomas purchased 200 shares of stock A for ​$23 a share and sold them more than a year later for $ 19 per share. Be purchased 60
Delicious77 [7]

Answer:

Capital gain tax = $1,540.

Explanation:

As per the data given in the question,

For stocks of A  

Profit = (selling price - purchasing price) × units

= ($19 - $23) × 200

= -$800

For stocks of B  

Profit = ($57-$41) × 600

= $9,600

Total profit = profit for stock A + profit for stock B  

= -$800 + $9,600

= $8,800

Therefore, capital gain for both year = $8,800

Tax rate = 35%

Capital gain tax = Capital gain × Tax rate

= $8,800 × 35%

=$3,080

As share holds for more than a year,

So, Capital gain tax = $3,080 ÷ 2 = $1,540.

5 0
2 years ago
These too. Again I will post more
Varvara68 [4.7K]

The answer is D




hope it helps :P


7 0
3 years ago
_____________ is a deliverable-oriented grouping of the work involved in a project that defines its total scope.
Alex_Xolod [135]

Answer:

A work breakdown structure

3 0
2 years ago
Other questions:
  • __________ makes it possible for Ford to invest $60 million in a Mexico City manufacturing plant to produce smaller cars and lig
    13·1 answer
  • Cado Co.'s payroll for the month ended January 31 is summarized as follows:Total wages $100,000Amount of wages subject to payrol
    14·1 answer
  • Labor unions want _____ wages for employees, but producers could earn more profits by offering _____ wages.
    15·2 answers
  • The following are the current​ month's balances for Toys​ Galore, Inc. before preparing the trial balance. Accounts Payable $ 5,
    14·1 answer
  • Homeowner's fees on condominiums do not include funds to pay:
    7·1 answer
  • If there is a fall in the interest rate, ______.
    11·2 answers
  • When preparing a journal entry for a transaction that affects retained earnings, the "Retained Earnings" account should not be d
    7·1 answer
  • The following data have been recorded for recently completed Job 450 on its job cost sheet. Direct materials cost was $2,057. A
    9·1 answer
  • When law-enforcement officials do not have to provide search warrants to conduct searches in highly
    10·1 answer
  • In the United States, what is the average age range of CEOs?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!