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Financial information is presented below: Operating Expenses $ 89300 Sales Returns and Allowances 17000 Sales Discounts 11700 Sales Revenue 320900 Cost of Goods Sold 173900 The amount of net sales on the
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Financial information is presented below: Operating Expenses $ 89300 Sales Returns and Allowances 17000 Sales Discounts 11700 Sales Revenue 320900 Cost of Goods Sold 173900 The amount of net sales on the income statement would be

User Sietse
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1 Answer

17 votes
17 votes

Answer:

Net sales = 292200

Step-by-step explanation:

Below is the given values:

Operating expenses = $89300

Sales return = 17000

Sales discounts = 11700

Sales revenue = 320900

Cost of goods sold = 173900

Net sales = Sales revenue - Sales discount - Sales return

Net sales = 320900 - 11700 - 17000

Net sales = 292200

User Invvard
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