If the revenue from sales of a company is $2000,sales returns and allowances is $500 and sales discount is $250,the amount of net sales is:
A: $1,000
B: $1,250
C: $1,500
D: $1,750
A: $1,000
B: $1,250
C: $1,500
D: $1,750
举一反三
- If the net sales of a company is $2000, sales returns and allowances is $500 and sales discount is $250, the amount of net sales is : A: $1000 B: $1250 C: $1500 D: $1750
- Which statement is true? A: The Sales account is used to record only sales on account. B: Gross profit is the excess of sales revenue over cost of goods sold. C: A service company purchases products from suppliers and then sells them. D: Purchase returns and allowances increase the net amount of purchases.
- Net sales is calculated by A: subtracting cost of sales from sales. B: subtracting sales returns and sales discounts from sales. C: subtracting sales returns, cost of sales, and sales discounts from sales. D: subtracting gross profit from sales.
- If a firm had sales of 60,000 during a period and sales returns and allowances of 3,000, its net sales were: A: 63,000 B: 60,000 C: 57,000 D: 3,000
- The gross profit percentage is calculated as: A: cost of goods sold divided by net sales revenue. B: net sales revenue minus gross profit on sales. C: net sales revenue minus cost of goods sold. D: gross profit divided by net sales revenue.