Net Sales Are

question 35

Multiple Choice

Net sales are:

• A) gross sales less returns and allowances from customers.
• B) gross sales less cost of goods sold.
• C) profits less cost of goods sold.
• D) cost of goods sold less returns and allowances.
• E) gross margin plus fixed expenses.

---

Definitions:

Fourteen Points

A statement of principles for peace that was to be used for peace negotiations in order to end World War I, proposed by U.S. President Woodrow Wilson in 1918.

General Strike

A general strike is a widespread cessation of work by workers in multiple industries and sectors, typically orchestrated by labor unions or worker collectives, aimed at achieving specific economic or political objectives.

Seattle

A major city in the Pacific Northwest region of the United States, known for its technology industry, vibrant music scene, and natural beauty.

A. Mitchell Palmer

U.S. Attorney General known for orchestrating the Palmer Raids during the Red Scare of 1919-1920, targeting suspected radicals and communists.