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Ivan
3 years ago
15

ou open a business selling art supplies and lessons. In your first month, you had the following total sales: $4,000 in paint, $2

,000 in brushes, $1,500 in easels, and $1,750 in canvas. You ran a promotion on painting lessons totaling $600 in discounts. Your returns equaled $250. Calculate total net sales.
Business
2 answers:
never [62]3 years ago
8 0
8,400 is your answer all you have to do is add the 4 sales and subtract the discounts and the returns 
Karo-lina-s [1.5K]3 years ago
3 0

Answer: The total net sales are $8,400.

Explanation: The formula for net sales is total gross sales less discounts and returns. In this case the total gross sales are $4,000 + 2,000 + 1,500 + 1,750 = $9,250.

$9,250 - 600 - 250 = $8,400

Total net sales = $8,400

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Given your understanding of the marketing discipline (analyzing the situation through the 3cs, developing marketing strategy thr
Dmitrij [34]

Answer:

Explanation:

1.Price: check if our price is still within the range of what our customers can afford or budget for.

2.Promotion: Does our customers or potential customers still view our advertisements.

3.Product: is our product still relevant and up to date when it comes to services and software.

4.Customers: Talk about our target audience, is there any change?

5.Competition: what are our competitors doing, why do customers prefer them to us

5 0
3 years ago
On January 1, Greenview Company adopted the dollar-value LIFO method. The inventory cost on January 1 was $112,000. On December
Mumz [18]

Answer:

125,200

Explanation:

Adjust inventory to base year prices:

= Cost of ending inventory ÷ cost index for the year

= $136400 ÷ 1.1

= $124,000

Current year LIFO layer:

= Adjust inventory to base year prices - Cost of beginning inventory

= $124,000 - $112,000

= $12,000

Inventory to be shown:

= Add the new LIFO layer at end of period prices to prior year LIFO inventory

= (112,000 × 1) + (12,000 × 1.1)

= 112,000 + 13,200

= 125,200

7 0
3 years ago
Do all accounts serve the same function? Why or why not?
lara [203]

No<span>, </span>accounts serve<span> the </span>purpose<span> that their owners choose. They do not have the same function.

>>>Accounts are f</span><span>inancial records of an organization that register all financial transactions, and must be kept at its principal office or place of </span>business<span>.
In accounting, it means </span><span>the chronological </span>record<span> of </span>changes<span> in the </span>value<span> of an </span>entity's assets<span>, </span>liabilities<span>, and the </span>owners' equity<span>

In banking,it means c</span>ontinuing financial relationship<span> between a </span>bank<span> and a </span>customer<span>,whereby </span>deposits<span> and </span>debts<span> are </span>held<span> and processed within a </span>framework<span> of </span>established rules<span> and </span>procedures.<span>


<span /></span>
3 0
3 years ago
Read 2 more answers
Companies that spend more time and effort attracting, developing, and retaining the best people often report superior financial
drek231 [11]

Answer:

The statement is correct as well as true

Explanation:

Financial results or the performance, is the subjective measure or criteria of how well the business or the firm could use the assets from the initial mode of the business and create revenues.

In short, it is evaluated through earning or the loss which consequence from the financial affairs.

So, if the company is spending as well as retaining and developing the best people of their company, will often result in superior as well as healthy results, which means generate a good amount of revenue for the company by producing the goods.

6 0
3 years ago
All of the following statements regarding convertible bonds are true except:_________.
postnew [5]

Answer: Holders of convertible bonds can choose how many shares of stock to receive at conversion

Explanation:

A convertible bond is a debt security that yields the payment of interest, but can also be converted into equity shares or common stock that are predetermined.

The option that holders of convertible bonds can choose how many shares of stock to receive at conversion is wrong. This is because the number I shares that will be eventually converted will already have been fixed.

8 0
3 years ago
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