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melamori03 [73]
2 years ago
15

According to the textbook readings, If gross sales for the shoe department for spring were $2,675,000 and the reductions taken w

ere $1,284,000, what are the net sales?
Business
1 answer:
gladu [14]2 years ago
5 0

Answer:

Net sales= $1,391,000

Explanation:

Net sales of an organisation is total sales less deductions made during sales process. The deductions includes sales discounts given to customers, returns from customers for various reasons (defects, specifications not met), and allowances (customer willing to pay less for a defective product).

Therefore

Net sale= Gross sale - Deductions

Net sales= 2,675,000- 1,284,000

Net sales= $1,391,000

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Bonner Automotive has shareholders' equity of $218,700. The firm owes a total of $141,000 of which 40 percent is payable within
MA_775_DIABLO [31]

Answer:

$93,500

Explanation:

Net Working Capital = Current Assets - Current Liabilities

Current Assets = Total Equity + Liability - Fixed Assets

= $218,700 + $141,000 - $209,800 = $149,900

Current Liability = $141,000 X 40% = $56,400

As out of total due 40% is payable within a year, which means it is current liability.

Net working capital = $149,900 (current assets) - $56,400 (current liability)

= $93,500

6 0
3 years ago
The _____ ensures the safety and quality of foods sold across state lines with the exception of red meat, poultry, and egg produ
-Dominant- [34]

Answer:

The correct word for the blank space is: Food and Drug Administration.

Explanation:

The U.S. Food and Drug Administration (<em>FDA</em>) is the agency responsible for regulating foods, medicines, cosmetics, medical equipment, biological products, and blood derivatives. The FDA's main role is to protect public health and to regulate the development and use of new drugs.

4 0
3 years ago
If jjones withdraws 50000 from her personal account and deposits cash into a business account how to know 2hich accts to put in
Lina20 [59]

Answer:

The actions to write in the ledger are two.

Explanation:

When Jones withdraws from his personal account he is making a debit action, which indicates that this asset is decreasing and when that money is deposited to a commercial account he is making a credit action, which indicates that this asset is growing.

3 0
3 years ago
Why must real options have positive​ value? ​(Select all the choices that​ apply.)
yarga [219]

Answer:

A. Real options must have positive value becasue they are only exercised when doing so would increase the value of the investment.

B. If exercisung the real option would reduce value, managers ca allow the option to go unexercised.

D, Having the real option but not the obligation to act is valuabale.

Explanation:

Because real option are options or choices made available to managers of a firm concerning investment their choices are meant to bring about a positive growth and return on the investments.

So if any of the choices presented to these managers are going to reduce the values or have other negative impacts on the investment and its value, then the option which is the real option or ideal option canbe forgone.

Cheers.  

5 0
3 years ago
Explain the changes in the allowance for doubtful accounts from 2013 through 2015. Does it appear that Hewlett-Packard increased
Nezavi [6.7K]

The amount that was to be receivable in the year 2015 decreased and the balance of  allowance for doubtful accounts also decreased.

<u>Explanation:</u>

According to the information that was given, the amount that was receivable in 2014 was 13,832 million where as in the year 2015 it was 13,363 millions. The ending balance of allowance for doubtful accounts in 2014 was 232 million and in 2015 it was 189 millions.

All this information shows that the accounts and the amounts in the accounts decreased from the year 2014 to year 2015.

7 0
3 years ago
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