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.

Answer rating: 100% (QA)

I can help you with that 1 To calculate Net Sales you need to subtract Sales Returns Allowances ... View the full answer