Multiple Choice
Which one is not used to calculate net sales?
A) Purchases
B) Sales discount
C) Sales returns and allowance
D) Gross sales
E) None of these
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q22: Match each ratio that follows to its
Q24: From the following, prepare a balance
Q25: A current ratio is calculated by current
Q26: Calculate (A)net sales, (B)gross profit (C)total operating
Q27: Net purchases are the cost of purchases
Q28: Jay Corporation has earned $175,900 after tax.
Q30: Assets represent things of value owed by
Q31: The asset turnover from the following
Q33: Given the following for a company: sales
Q34: Complete a trend analysis for sales