How Do You Calculate Net Sales

question 89

Multiple Choice

How do you calculate net sales?

• A) Combine the total customer returns, customer sales, and customer allowances
• B) Add operating expense and interest expense; then subtract from gross sales
• C) Subtract cost of goods sold from gross sales
• D) Subtract customer returns from gross sales and add promotional allowances from vendors
• E) Subtract gross profits from promotional allowances

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Definitions:

Native Americans

Indigenous peoples of the Americas, including various tribes, nations, and ethnic groups, known for their rich cultures and histories.

Shamans

Spiritual leaders in various indigenous cultures known for their ability to mediate between the physical world and the spiritual realm.

Medicine Men

Indigenous healers and spiritual leaders in Native American cultures known for their knowledge of herbal medicine and ceremonial rituals.