Net Sales Is Computed As

question 77

Multiple Choice

Net sales is computed as:

• A)sales revenue less freight-out.
• B)sales revenue less sales returns and allowances plus sales discounts.
• C)sales less cost of goods sold.
• D)sales revenue less sales returns and allowances less sales discounts.

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Definitions:

Conscious Mind

The aspect of the mind that is aware of one's environment, thoughts, feelings, and experiences at the present moment.

Universal Language

A hypothetical or proposed language that is understood and spoken universally by all human beings.

Cultural Phenomenon

Any aspect, trend, or activity that significantly influences or characterizes the social practices, beliefs, and behaviors of a society or a specific time period.

Deliberate System

This pertains to a cognitive processing system that is conscious, analytical, and controlled, requiring effort and attention.