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astraxan [27]
2 years ago
6

If a firm had sales of $50,000 during a period and sales returns and allowances of $4,000, its net sales were

Mathematics
1 answer:
Mars2501 [29]2 years ago
8 0

The net sales is $46,0000

<h3>What is Gross sales?</h3>

Gross Sale is the total of goods sold to the customers during a period. The goods can be sold on a cash basis or an account basis. The net sale is calculated as the gross sales minus sales returns and allowances and discounts on the sale.

Given:

sales= $50,000

sales returns = $4000

Now,

Net Sale = Gross Sale - Sales returns and allowances

= $50,000 - $4,000

= $46,000

Hence, the net sales is $46,000

Learn more about this concept here:

brainly.com/question/13498857

#SPJ1

The complete question is

If a firm had sales of $50,000 during a period and sales returns and allowances of $4,000, its net sales were:

A. $46,000

B. $50,000

C. $4,000

D. $54,000

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