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
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

You might be interested in
Differences in personalities among individuals?
gulaghasi [49]

Answer:

B) none of these

hope this helps you

8 0
2 years ago
Meenach Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-ho
Masja [62]

Answer:

$861

Explanation:

Fixed predetermined overhead rate = Total fixed overhead cost/Total labor hours

= $ 74,000/74,000 = $ 1 PLH

Variable predetermined overhead rate = $ 3.10 PLH

Applied overhead rate = Fixed predetermined overhead rate + Variable predetermined overhead rate = $ 1 + $ 3.10 = $ 4.1 PLH

Applied overhead cost for Job X387 = Applied overhead rate x No. of labor hours required for job X387 = $ 4.1 x 210 = $ 861

8 0
3 years ago
Read 2 more answers
The Saturn Company records all collections from customers (including 5% sales tax) in the Sales Revenue Account. The account bal
iris [78.8K]

Answer:

$5,000

Explanation:

Calculation for what the Sales Tax Payable will be:

Sales Tax Payable=5% sales tax*Account balance $100,000

Sales Tax Payable=$5,000

Therefore the Sales Tax Payable will be: $5,000

8 0
3 years ago
Which of the following statements is false?
ella [17]

Answer: D

Explanation:

Not necessarily. As long as the company follows GAAP (IFRS or ASPE), the format and information should be the same. This is because the accounting standards requires firm to report financial information in a specific way.

3 0
2 years ago
A manager must make a decision on shipping. There are two shippers, A and B. Both offer a two-day rate: A for $526 and B for $53
MrMuchimi

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

6 0
3 years ago
Other questions:
  • Molly is getting ready to file her tax return. She works and has a savings account. What tax forms does she need?
    15·2 answers
  • What was Henry Ford's output
    11·1 answer
  • At the beginning of the year an investor purchased 100 shares of common stock from ABC Corporation at $10 per share. During the
    12·1 answer
  • The annual budgeted conversion costs for a lean cell are $180,000 for 1,000 production hours. Each unit produced by the cell req
    14·1 answer
  • Which of the following statements is correct?
    7·1 answer
  • S.I.D. Asset Management initiated an open-end and a closed-end mutual fund a few years ago. If you want to invest in the funds t
    8·1 answer
  • Whoever answer gets 100
    8·1 answer
  • Which of the following is NOT a function of a distribution channel?
    12·1 answer
  • QUESTION 3
    13·1 answer
  • From the buyers point of view the best quality is
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!