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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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Analyse TWO benefits of being employed in an education sector (2×2=4)
chubhunter [2.5K]

Answer:

Benefits of being employed in the education sector include:

1)Being Exposed to Multiple Perspectives:  Jobs in education tend to expose employees to a wide variety of perspectives and many different opinions.

2) Stable Schedule: Employees in the education sector can rely on a reliable work schedule with stable hours and little overtime. In the education sector, you do not have to work over time. The timings are exact and flexible along with the weekends off.

7 0
2 years ago
Marlow Company purchased a point of sale system on January 1 for $5,800. This system has a useful life of 5 years and a salvage
xz_007 [3.2K]

Answer: $1392

Explanation:

The depreciation rate under straight line is =1/5=0.2

The depreciation rate under double declining is = 0.2 × 2 = 0.4

Depreciation expense for the first year = 0.4 × $5800 = $2320.

At the beginning of year two, net book value = $5800 - $2320 = $3480

Depreciation expense for year two = 0.4 × $3480 = $1392

7 0
3 years ago
Which of the following statements regarding life insurance needs is / are correct? 1. The human life value approach looks forwar
Tresset [83]

Answer:

The human life value approach looks forward for information.

and

The capitalization of income approach looks at right now only for information.

Explanation:

A life insurance is a form of agreement entered into by an individual and an insurance firm whereby some amount is to be paid to the next of kin of the individual under the insurance. It can also be in the form of payment of bills in the case of the illness of the individual under insurance.

The individual either pays in batches or a one time payment to the insurance agency.

The individual current value is normally considered in analysing his assets and income.

7 0
3 years ago
Select the incorrect statement regarding postaudits of capital investment decisions. Multiple Choice A postaudit should be condu
Finger [1]

Answer:

A post audit is only necessary for a capital investement selected using a technique that does not consider the time value of money

Explanation:

A post audit defines the analysis of an outcome with respect to the capital budgeting investment. It is to be conducted at the closing of the period. Also it measures whether the project should be accepted or rejected via details assumption analysis but also it considered the times value of the money

Therefore the above statement should be considered

And, hence, the other options should be considered as wrong

4 0
2 years ago
Forever Quilting is a small company that makes quilting kits priced at $120 each. There is no quantity discount. The costs of th
frutty [35]

Answer:

total revenue for the month = $18000

Explanation:

given data

makes quilting kits priced = $120 each

materials each kit total = $45

labor to assemble a kit = $5

rent and insurance = $1,000

heat and electricity = $200

advertising = $500

monthly salary = $4,500

sold = 150 kits

to find out

total revenue for the month

solution

we get here total revenue for a company that will be here product of the price

and it charge for  product and no of product it sell so It is nothing to do with cost

so now  the total revenue for the month will be

total revenue =  sold × makes quilting kits priced

total revenue = 150 × $120

total revenue for the month = $18000

7 0
3 years ago
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