Gross billings for merchandise sold by Stratford Co. to its customers last year amounted to $19,650,000; sales returns and allowances were $370,000, sales discounts were $175,000, and freight-out was $140,000. Net sales last year for Orio Company were:
A) $19,650,000.
B) $19,280,000.
C) $19,105,000.
D) $18,965,000.
Correct Answer:
Verified
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