7)Refemng to the following table, what is Net sales revemue? $460,000 Sales revenue Cost of goods sold Operating expenses Sales discounts Sales returns and allowances Interest revenue 300.000 85 000 20,000 15.000 5,000

7)Refemng to the following table, what is Net sales revemue? $460,000 Sales revenue Cost of goods sold Operating expenses Sales discounts Sales returns and allowances Interest revenue 300.000 85 000 20,000 15.000 5,000

Name: 7)Refemng to the following table, what is Net sales revenue?$460 000S
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Description: 7)Refemng to the following table, what is Net sales revenue?$460 000Sales revenueCost of goods soldOperating expensesSales discountsSales returns and allowancesInterest revenue300,0008.5 0002000015 0005.000A) $400,000B) $415,000C) $425,000D) $455,00

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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A9
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Using the information below, calculate Gross Profit: Sales Revenue $5,000 Sales Discounts $664 Sales Returns and Allowances $357 Cost of Goods Sold $1,306 Inventory $1,451
Financial information is presented below: Operating expenses $ 29000 Sales returns and 9000 allowances Sales discounts 3000 Sales revenue 154000 Cost of goods sold 95000 Gross profit would be $56000. $59000. $47000. $50000.
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Put this transaction on the accounting equation: bought goods for R7000 less 10% discount