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Lynna [10]
3 years ago
8

g Last year, Siena Company had $11,720,000 in gross billings for products sold. The sales returns and allowances for the company

amounted to $370,000 and sales discounts were $175,000. Freight-out was $140,000. What were the net sales for Siena Company last year?
Business
1 answer:
umka21 [38]3 years ago
3 0

Answer:

$11,175,000

Explanation:

The net sales of Siena Company for the last year shall be determined through following mentioned formula:

Net sales=Gross sales-sales returns and allowances-sales discounts

In the given question:

Gross sales=$11,720,000

Sales returns and allowances=$370,000

Sales discounts=$175,000

Net sales=$11,720,000-$370,000-$175,000=$11,175,000

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Answer:

Stereotype threat

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Ulleksa [173]

Answer:

Quantity demanded for balloons will increase.

Explanation:

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3 years ago
On December 31, 2019, Coolwear, Inc. had a balance in its supplies account of $48,400. During 2020, $86,000 was paid for new sup
Luden [163]

Answer:

$92,400

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6 0
3 years ago
Which dimension of the general environment represents the demographic characteristics, norms, customs, and values of the populat
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Answer:

c. Sociocultural dimension

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3 years ago
Gross Corporation adopted the dollar-value LIFO method of inventory valuation on December 31, 2013. Its inventory at that date w
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