On November 1,2012,Everett Janitorial Supply Sold Merchandise for $5,000,FOB Destination,2/10,n/30

question 168

Multiple Choice

On November 1,2012,Everett Janitorial Supply sold merchandise for $5,000,FOB destination,2/10,n/30.The merchandise cost $3,200.Everett paid transportation costs of $100.On November 6,2012,merchandise of $1,000 from the November 1 sale was returned.The returned merchandise had cost $600.Everett received payment for the balance of the sale on November 10,2012.
-If this were the only sales transaction of the period,what amount of Net sales revenue would be shown on the income statement?

• A) $2,400
• B) $1,800
• C) $1,320
• D) $3,920

---

Definitions:

Ethnic Differences

Variations in practices, traditions, and behaviors among groups of people identified by shared ancestry, culture, or nationality.

Autism

An autism spectrum disorder characterized by extreme aloneness, communication problems, intolerance of change, and ritualistic behavior.

Childhood Disintegrative Disorder

A rare condition characterized by late onset (at least after two years of normal development) of developmental delays in language, social function, and motor skills.

Asperger's Disorder

A former diagnostic category denoting a higher-functioning form of autism characterized by significant difficulties in social interaction and nonverbal communication, alongside restricted and repetitive patterns of behavior and interests.