Ask Question
BusinessBusiness
7 December, 13:53

According to the textbook readings, If gross sales for the shoe department for spring were $2,675,000 and the reductions taken were $1,284,000, what are the net sales?

+3
Answers (1)
  1. 7 December, 14:10
    0
    Net sales = $1,391,000

    Explanation:

    Net sales of an organisation is total sales less deductions made during sales process. The deductions includes sales discounts given to customers, returns from customers for various reasons (defects, specifications not met), and allowances (customer willing to pay less for a defective product).

    Therefore

    Net sale = Gross sale - Deductions

    Net sales = 2,675,000 - 1,284,000

    Net sales = $1,391,000
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “According to the textbook readings, If gross sales for the shoe department for spring were $2,675,000 and the reductions taken were ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Citizenship behaviors appear to be voluntary and optional yet such behavior has been found to influence the salary and promotion recommendations people receive, over and above their task performance. a. True b. False
Answers (1)
4. The Mexican peso has weakened considerably relative to the dollar, and you are trying to decide whether this is a good time to invest in Mexico. Suppose the current exchange rate of the Mexican peso relative to the U. S. dollar is MXN 9.5/USD.
Answers (1)
Grizzly Company had Retained Earnings at December 31, 2018 of $300,000. During 2019, the company had revenucs of $600,000 and expenses of $525,000, and the company declared and paid dividends of $16,500.
Answers (1)
g Last year Thomson Inc's earnings per share (EPS) were $3.50, and its growth rate during the prior 5 years was 6.6% per year. If that growth rate were maintained, how many years would it take for Thomson's EPS to triple
Answers (1)
Discuss a possible advantage of offering rewards or incentives to increase response rates. are there any disadvantages?
Answers (1)
New Questions in Business
Joe Sullivan invests $9,000 at the end of each year for 20 years. The rate of interest Joe gets is 8% annually.
Answers (1)
You have $2,000 in an account which pays 2.9% compounded annually. How many additional dollars of interest would you earn over 4 years if you moved the money to an account earning 4.4% compounded quarterly?
Answers (1)
In the Republic of Priceland, in 2009 the consumer price index was 168.00. In 2010 the index increased to 180.60. Calculate the rate of inflation in Priceland between 2009 and 2010.
Answers (1)
Malcolm has decided that he wants to open up his own law practice. The time has come to establish prices for his services.
Answers (1)
The pursuit of only a singular, substantive goal often tends to support the choice of a competitive strategy. a. True b. False
Answers (2)
Home » Business » According to the textbook readings, If gross sales for the shoe department for spring were $2,675,000 and the reductions taken were $1,284,000, what are the net sales?
Sign Up Forgot Password?