Register
You own a jewelry store, and sales last month were $19,000. you had $3,000 in discounts and $1,750 in returns. calculate your net sales for last month.
117k views
2 votes
You own a jewelry store, and sales last month were $19,000. you had $3,000 in discounts and $1,750 in returns. calculate your net sales for last month.

User Hari Honor
by
5.4k points

1 Answer

3 votes
To find your net sales you will follow the equation:
Net sales = Gross sales - returns, allowances and discounts

Gross sales = $19,000
Returns = $1,750
Discounts = $3,000

Net sales = $19,000 - $1,750 - $3,000
Net sales = $14,250
User McFarlane
by
6.1k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

6.2m questions

8.2m answers

Other Questions

Why do objects used as money need to be in limited supply
When a producer owns an intermediary at the next level down in the marketing channel, it is referred to as _________. a. forward integration b. backward integration c. vertical channel connection d. horizontal
Which of the following is not how a pro forma financial statement is used A. to analyze the effects of the firms forecasts on its financial performance B. to determine the amount of money needed for a
Describe a time when you or someone you know chose not to conform to the behavior of others. Why do you think this person chose not to conform
An owner decides to sell his property and discovers that there is a lien on his title for a swimming pool he paid off 10 years ago. the pool company is out of business. what is the owner to do?
Link Copied!