Sales of $350,000 and net sales of $323,000 may reflect sales discounts of $27,000.

Name: Sales of $350,000 and net sales of $323,000 may reflect sales discounts of $27,000.
Brand: Quizplus
Rating: 4.8 (49 reviews)

Question

Quizplus · Accepted Answer

Sales discounts are deducted from total sales to calculate net sales. 
Therefore, Sales - Sales discounts = Net sales
$350,000 - $27,000 = $323,000 
This equation shows that sales discounts of $27,000 could have resulted in net sales of $323,000.

Sales of $350,000 and Net Sales of $323,000 May Reflect