1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Galina-37 [17]
3 years ago
10

Financial information is presented below: Operating expenses $ 63000 Sales returns and allowances 2000 Sales discounts 5000 Sale

s revenue 156000 Cost of goods sold 104000 The amount of net sales on the income statement would be
Business
1 answer:
Assoli18 [71]3 years ago
8 0

Answer:

$149,000

Explanation:

The computation of the amount of net sales is shown below:

=  Sales revenue - sales return & allowance - sales discount

= $156,000 - $2,000 - $5,000

= $149,000

We simply deduct the two items from the sales revenue so that the net sales revenue could be come and the same would be reported on the income statement

You might be interested in
Where do you typically earn an Associate of Arts degree?
ElenaW [278]

Most likely a two year college, so a local community college nearby is a good option. It's also a lot cheaper than a traditional university.

3 0
3 years ago
Read 2 more answers
Identify sources of information and advice about methods and services for managing personal finances
Deffense [45]
Budgeting is the key to manage personal finances. In order to realize budgeting one must be able to determine the importance of savings and manage expenses properly. Proper projection of expenses and savings should also been taken in order to maximize proper budget managing.
3 0
3 years ago
PLEASE HELP ASAP!!!! CORRECT ANSWERS ONLY PLEASE!!!!
sweet-ann [11.9K]
<span>Credit that is automatically renewed as debts are paid off.</span>
7 0
3 years ago
Read 2 more answers
What are the four broad characteristics used to classify retail​ stores?
Mnenie [13.5K]
<span>The four characteristics used to classify retail stores are: the type of merchandise sold; the variety and assortment of merchandise sold; the level of customer service; the price of the merchandise. For example, we know that Whole Foods and Aldi are both grocery stores. However, Whole Foods provides different types of merchandise and provides a different level of customer service, as they focus on organic and healthy foods and their employees bag groceries. Aldi, on the other hand, focuses on cheaper foods without much heed to organic or health materials, and they do not bag groceries.</span>
6 0
3 years ago
A customer has an existing margin account that shows the following:
adell [148]

Answer:

The answer is option C

Explanation:

Long Market Value - Debit = Equity %

$100,000 $60,000 $40,000 40%

If the market value declines to $60,000, the account will now show:

Long Market Value - Debit = Equity %

$60,000  - $60,000 = $0 ( 0% )

Minimum margin is 25% of market value, i.e  25% of $60,000 = $15,000.

Therefore the customer will receive a maintenance call for $15,000.

5 0
3 years ago
Other questions:
  • Someone may choose to own a car instead of leasing because
    10·2 answers
  • Assume that a family spends 35% of its income on housing, 20% on travel-related expenses, 10% on utilities, 25% on health care,
    10·1 answer
  • What is an example of a long term goal if you’re in middle school now
    10·2 answers
  • Annenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the
    14·1 answer
  • The following schedule shows the technology of production at Mahalo Macadamia Nut Farm for​ 2015: Workers Total Pounds of Macada
    15·1 answer
  • What’s the difference between a commercial bank and an investment bank? List the major types of financial institutions, and brie
    9·1 answer
  • Journalize the following merchandise transactions. The company uses the perpetual inventory system.
    5·1 answer
  • To ensure that employees are learning the content effectively during the training program, firms should (choose all that apply):
    7·1 answer
  • Bandingkan bentuk pemilikan<br>Perniagaan koperasi dengan<br>perniagaan lain​
    5·1 answer
  • 10 points
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!