On November 1, 2017, Rodgers Enterprises sold merchandise with a cost of $7,000 for $25,000, FOB destination, with payment terms of 2/10, n/40. The company paid transportation costs of $100. Customer returns on this sale were $5,000 (with a cost of $2,500). The merchandise was returned on November 6. The company received the payment for the balance amount on November 10, 2017. Calculate the net sales revenue. Group of answer choices $19,600 $20,000 $4,500 $20,100
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “On November 1, 2017, Rodgers Enterprises sold merchandise with a cost of $7,000 for $25,000, FOB destination, with payment terms of 2/10, ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Rossiter Restaurants is analyzing a project that requires $180,000 of fixed assets. When the project ends, those assets are expected to have an aftertax salvage value of $45,000. How is this salvage value handled when computing NPV of the project?
Answers (1)
Which statement is false? A society accepts minimum wage laws as a method of determining wages. The market value of a good determines wages. The quality of a good determines wages. Employee productivity determines wages.
Answers (1)
Protections for the citizenry from unlawful or repressive acts by the government are contained primarily in
Answers (1)
How does inflation affect prices? Select the best answer from the choices provided. O A. It causes a sudden jump in the price of specific products. OB. It causes the price of specific products to slowly rise over time. OC.
Answers (1)
By looking at aggregate demand via its component parts, we can conclude that the aggregate demand curve is downward sloping because A. a lower inflation rate causes the real interest rate to fall, and stimulates planned investment spending. B.
Answers (1)
New Questions in Business
If a client chooses to pay premiums other than annually, what can he or she expect?
Answers (1)
Antone Company sells office equipment on July 31, 2017, for $21,000 cash. The office equipment originally cost $72,000 and as of January 1, 2017, had accumulated depreciation of $42,000. Depreciation for the first 7 months of 2017 is $4,600.
Answers (1)
An entrepreneur who plans to open a cuban restaurant in nashville has a 20 percent chance of success. which kind of probability is it
Answers (1)
Which of the following steps in a measuring system involves implementing an effective recognition system?
Answers (1)
Firm X and Firm Y both sell the same products at the same price; both firms are the same size with identical sales levels; Firm X has lower fixed costs and higher variable operating costs than Firm Y.
Answers (1)