MoonWear, Inc. offers an unconditional return policy. It normally expects 2.5% of sales at retail selling prices to be returned before the return period expires. Assuming that MoonWear records total sales of $12.5 million for the current period, what amount of net sales should it record for this period?

general accounting

provide correct answer me

M5-17. Estimating Revenue Recognition with Right of Return ModCloth Inc. offers an unconditional return policy. It normally expects 2% of sales at retail selling prices to be returned before the return period expires. Assuming ModCloth records total sales of $10 million for the current period, what amount of net sales should it record for this period?

What is the effective annual percentage cost of its non-free trade credit?

Heller Company offers an unconditional return policy to its customers. During the current period, the company records total sales of $935,000, with a cost of merchandise to Heller of $374,000. Based on past experience, Heller Company expects 4% of sales to be returned.         How much in net sales will Heller Company recognize for the current period?

7. Howes Inc. purchases $4,562,500 in goods per year from its sole supplier on terms of 2/15, net 50. If the firm chooses to pay on time but does not take the discount, what is the effective annual percentage cost of its non-free trade credit? (Assume a 365-day year.)

What is the effective annual cost of not taking the discount for this financial accounting question?

Roton Inc. purchases merchandise on terms of 2/15, net 40, and its gross purchases (i.e., purchases before taking off the discount) are $525,000 per year. What is the maximum dollar amount of costly trade credit the firm could get, assuming it abides by the supplier's credit terms? (Assume a 365-day year.) Do not round intermediate calculations. Select one:

Kirk Development buys on terms of 2/15, net 60 days.  It does not take discounts, and it typically pays on time, 60 days after the invoice date.  Net purchases amount to $750,000 per year.  On average, what is the dollar amount of total trade credit (costly + free) the firm receives during the year, i.e., what are its average accounts payable?  (Assume a 365-day year, and note that purchases are net of discounts.)