Eric Company Has the Following Information What Is the Amount of Net Revenues for Eric Company

question 126

Multiple Choice

Eric Company has the following information:
$$\begin{array} { | l | r | } \hline \text { Total revenues } & \$ 860,000 \\\hline \text { Sales returns and allowances } & \$ 50,000 \\\hline \text { Sales discounts } & \$ 30,000 \\\hline \text { Ending inventory } & \$ 100,000 \\\hline\end{array}$$
What is the amount of net revenues for Eric Company?

• A)$330,000.
• B)$230,000.
• C)$680,000.
• D)$780,000.

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Definitions:

Economic Policies

Plans and actions taken by governments or financial authorities to influence or stabilize the economy, focusing on monetary, fiscal, and trade aspects.

Urban Planning

The process of designing and regulating the use of space within urban areas, focusing on the development and implementation of plans for land use, built environment, and infrastructure to improve the quality of life in cities.

Treadmill of Production

A theory in environmental sociology suggesting that constant economic growth leads to increasing resource extraction and environmental degradation.

Greenhouse Effect

The process in which increased production of greenhouse gases, especially those arising from human activity (e.g., carbon dioxide, nitrous oxide, and methane) causes changes to the earth’s atmosphere.