If a Firm Had Sales of $50,000 During a Period

question 42

Multiple Choice

If a firm had sales of $50,000 during a period and sales returns and allowances of $4,000,its net sales were

• A) $54,000.
• B) $50,000.
• C) $46,000.
• D) $4,000.

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Definitions:

Gainful Employment Rule

A regulation designed to ensure that education programs prepare students for gainful employment in a recognized occupation.

U.S. Department of Education

The U.S. Department of Education is a Cabinet-level department of the United States government focused on establishing policy, administering, and coordinating federal assistance to education.

Crowdfunding

A method of raising capital for a project or venture by asking a large number of people to donate small amounts of money, often via the Internet.

Crowdsourcing

A method where information, ideas, or content is gathered by requesting input from a broad audience, particularly through an online community.