Gross sales minus returns and allowances for a firm are called its
A) inventory shrinkage.
B) discounted return on investment.
C) gross sales.
D) net sales.
E) gross margin.

Name: Gross sales minus returns and allowances for a firm are called its A) inventory shrinkage. B) discounted return on investment. C) gross sales. D) net sales. E) gross margin.
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Question

Quizplus · Accepted Answer

Net sales are calculated by subtracting returns and allowances from gross sales.

Gross Sales Minus Returns and Allowances for a Firm Are