1. A company has the following account balances: Sales Revenue $1,125,000 Sales Returns & Allowances $93,750 Sales Discounts $63,750 Cost of Goods Sold $375,000 Operating Expenses $172,500 Calculate Net Sales. 2. During 2020, Yoder Enterprises generated revenues of $546,000. The company’s expenses were as follows: cost of goods sold of $189,000 operating expenses of $70,000 Calculate Gross margin.

Sep 8, 2023

1.  A company has the following account balances:

Sales Revenue $1,125,000
Sales Returns & Allowances $93,750
Sales Discounts $63,750
Cost of Goods Sold $375,000
Operating Expenses $172,500

Calculate Net Sales.

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1. A company has the following account balances: Sales Revenue $1,125,000 Sales Returns & Allowances $93,750 Sales Discounts $63,750 Cost of Goods Sold $375,000 Operating Expenses $172,500 Calculate Net Sales. 2. During 2020, Yoder Enterprises generated revenues of $546,000. The company’s expenses were as follows: cost of goods sold of $189,000 operating expenses of $70,000 Calculate Gross margin.
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 2. During 2020, Yoder Enterprises generated revenues of $546,000. The company’s expenses were as follows:

  • cost of goods sold of $189,000
  • operating expenses of $70,000

Calculate Gross margin.

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