A company reports the following amounts at the end of the year: Total sales = $400,000;cash = $35,000;sales discounts = $10,000;accounts receivable = $20,000;sales returns = $15,000;operating expenses = $70,000;sales allowances = $25,000.Compute net revenues.

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The Answer of A company reports the following amounts at the end of the year: Total sales = $400,000;cash = $35,000;sales discounts = $10,000;accounts receivable = $20,000;sales returns = $15,000;operating expenses = $70,000;sales allowances = $25,000.Compute net revenues.

A Company Reports the Following Amounts at the End of the Year