At the end of the year Stan Still Stationery Store had the following balances: Sales $485,000; Sales Discounts $2,540; Sales Returns and Allowances $14,280; Sales Salaries Expense $54,000. The Net Sales for the year are:
A. $447,820
B. $414,180
C. $468,180
D. $501,820
Answer: C
You might also like to view...
Answer the following statements true (T) or false (F)
1. When a corporation issues stock at par value, the Cash account is debited and the Common Stock account is credited for an amount equal to the number of shares issued times the par value per share. 2. When a company issues stock at an amount greater than the par value, a gain is recorded for the difference between the issue price and the par value. 3. When a corporation sells 9,000 shares of $12 par value common stock for $159,000, Common Stock is credited for $108,000. 4. Stock issued at amounts in excess of par value results in a gain that is reported on the income statement. 5. Most corporations set par value low and issue common stock at a premium.
It is necessary to know the budgeted number of unit sales to prepare production budget
Indicate whether the statement is true or false
Constructive feedback includes recommendations and alternatives that build on your listener's strengths. _________________________
Answer the following statement true (T) or false (F)
Consider the equation for present value. If you wished to increase the present value of a future amount by changing only one variable, which of the following actions should you take?
A) increase the time period B) decrease the future value C) decrease the interest rate D) This statement cannot be answered with the information provided.