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Katena32 [7]
3 years ago
15

Newark Company has provided the following information:

Business
1 answer:
djverab [1.8K]3 years ago
7 0

Answer:

$1829000.

Explanation:

Given: Cash sales, $540,000.

           Credit sales, $1,440,000.

           Sales returns and allowances, $99,000.

           Sales discounts, $52,000

Now, computing net sales of Newark.

Net sales= Cash\ sales+ Credit\ sales- Sales\ discount- Sales\ return

Net sales= 540000+ 1440000- 99000-52000

⇒ Net sales= 1980000- 151000

∴ Net sales= \$ 1829000

Hence, Newark´s net sales is $1829000.

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Answer:

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5 0
3 years ago
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100% correct

6 0
2 years ago
Cavan Company prepared the following reconciliation between book income and taxable income for the current year ended December 3
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Answer:

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5 0
2 years ago
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Answer:

a.

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7 0
3 years ago
What is the subject of Federal Open Market Committee decisions?
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