If a firm had sales of $68,000 during a period and sales returns and allowances of $5,600, its net sales were
A)$5,600.
B)$73,600.
C)$68,000.
D)$62,400.

Name: If a firm had sales of $68,000 during a period and sales returns and allowances of $5,600, its net sales were A)$5,600. B)$73,600. C)$68,000. D)$62,400.
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Question

Quizplus · Accepted Answer

Net sales are calculated by subtracting sales returns and allowances from total sales. Therefore, $68,000 - $5,600 = $62,400.

If a Firm Had Sales of $68,000 During a Period