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storchak [24]
3 years ago
5

If a company has total revenues of $100,000, sales discounts of $3,000, sales returns of $4,000, and sales allowances of $2,000,

the income statement will report net revenues of $91,000.
A) True
B) False
Business
1 answer:
pochemuha3 years ago
8 0

Answer:

A) True

Explanation:

The net revenues of any company is calculated using the following formula:

Net revenues=Gross revenues-sales discount-sales returns-allowances

                      =$100,000-$3,000-$4,000-$2,000

                      =$91,000

Based on the above discussion, the answer is A) True                            

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<h3>What is primary market in stock exchange market?</h3>

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In conclusion, in the stock exchange market, a firm does receives the proceeds from the sale of its securities in the primary market.

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2 years ago
What are the compromises when crating the constitution
Anettt [7]

Answer:

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6 0
2 years ago
A firm's value added equals 10) A) its revenue minus its wages. B) its revenue minus all of its costs. C) its revenue minus its
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Answer:

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In mathematically,

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8 0
2 years ago
Bubba is a shrimp fisherman who can catch 4,000 pounds of shrimp per year. Bubba is considering hiring his cousin Bobby to work
melisa1 [442]

Answer:

7,000 pounds

Explanation:

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