Answer:
$475,500
Explanation:
Sales is $1,000The discountscount is $2500
Sales return and allowances are $15,000
The cost of goods sold is $525,000
Therefore the gross profit can be calculated as follows
= 1,000,000-2,500-15,000-525,000
= 457,500
Hence the gross profit is $475,500
I think D the sales associate performance
Hope this helps :/ :)
The accounts receivable = 596,000 + 60,000 (we add because allowance account had a Credit )
Accounts receivable at the end of 2018 = $656,000
