Benson Company had cash sales of $94,275, credit sales of $83,450, sales returns and allowances of $1,700, and sales discounts of $3,475. Benson's net sales for this period equal:

Question

Quizplus · Accepted Answer

Net sales are calculated by adding cash sales and credit sales, then subtracting sales returns and allowances and sales discounts. Thus, ($94,275 + $83,450) - ($1,700 + $3,475) = $172,550.

Benson Company Had Cash Sales of $94,275, Credit Sales of $83,450