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What do you subtract from gross sales to arrive at net sales?

prodeco

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Posts: 1298

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7 years ago

What do you subtract from gross sales to arrive at net sales?

What do you subtract from gross sales to arrive at net sales?
A) sales returns and allowances
B) owners' equity
C) retained earnings
D) dividend payments
E) notes payable

Textbook

Business: A Practical Introduction

Business: A Practical Introduction

Edition: 1^st

Authors: Williams, Sawyer, Berston

Read 60 times

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Answer verified by a subject expert

eyemak83

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Solved Net sales is computed by taking:
Solved Net Sales are: (Multiple Choice)
Solved Net Sales + Sales Discounts + Sales Returns and Allowances equals:
Solved Gross sales equals: (Multiple Choice)
Solved Net sales equal: (Multiple Choice)
Solved B&B Lumber reports gross sales of $80,000. If sales returns and allowances are $20,000 and sales ...
Solved The total of all cash sales and credit sales equals:
Solved Net Sales equals Gross Sales - Sales Returns and Allowances - Accounts Receivable.

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prodeco Author

wrote...

7 years ago

Correct

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TY

vernonb

wrote...

Yesterday

Thanks for your help!!

byehoe

wrote...

2 hours ago

this is exactly what I needed

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