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
Uploaded: 2024-03-20T06:32:37.000Z
Channel: Bartleby
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

See similar textbooks

Similar questions

Explain the income statement and balance sheet information based on two tables (250-300) words
J Gross Sales Sales Return & Allowances Sales Discounts Cost of Merchandise Sold 33,000 O $87,000 O $46,000 100,000 Given the above values, determine Net Sales. O $67,000 10,000 O $54,000 3,000 Need help? Review these concept resources.
Financial information is presented below: Operating expenses $ 33000 Sales revenue 211000 Cost of goods sold 129000 Gross profit would be $178000. $ 82000. $ 33000. $ 49000.
If the sales revenue 830 000 ID, - 10 sales returns 12 000 ID , sales allowance and discount 28 000 ID ,the net sales is 709 000 ID . ) 790 000 ID. O 970 000 ID . O :-
Alfiya trading Company announces annual Sales of OMR 30000, Carriage inwards of OMR 2000, Sales Discount of OMR 2000 and sales return of OMR 3000. Calculate net sales? a. OMR 23000 b. OMR 21000 c. OMR 30000 d. OMR 25000
Financial information is presented below: Operating Expenses $56000 Sales Revenue Cost of Goods Sold Gross profit would be $48000. $238000. $182000. $104000. 238000 134000
hsd.3
From the following information, find receivable turnover. Sales 375000 (60% credit ) Account receivable 31.12 125000 Current Assets 760000 Cost of sale 120000 Fixed Assets 1440000 Net profit 30000 Inventory 800000 Current Liabilities 600000. Total assets 125000 Account receivable 1.1 25000 Select one: O a. 3 O b. The correct answer not available О с.5 O d. 1.5
Question 28 Use the following information to calculate figures in the table below. Manufacturer: S 60 net selling price. Marks up (Wholesaler: $ 20, Retailer: $ 40) Applicable VAT: 30% Calculation Manufacturer Wholesaler Retailer Customer Net VAT paid by the Manufacturer is: Net cost of sales Mark up Net selling price S 60 S 80 $ 120 VAT chargeable (309%) Gross selling price Accounting for VAT Due to Customs and Excise Recoverable from Customs and Excise subtract) Net VAT Paid by
Sales Cost of goods sold Gross profit Fixed charges (other than interest) Income before interest and taxes Interest Income before taxes Taxes (35%) Income after taxes. LANCASTER CORPORATION a. What is the times-interest-earned ratio? Note: Round your answer to 2 decimal places. Times interest earned Fixed charge coverage times b. What would be the fixed-charge-coverage ratio? Note: Round your answer to 2 decimal places. times $ 259,000 209,000 $ 50,000 24,500 $ 25,500 19,000 $ 6,500 2,275 $ 4,225
Put this transaction on the accounting equation: bought goods for R7000 less 10% discount