A company reports the following amounts at the end of the year: 

Total sales revenue = $400,000;

Cash = $35,000; 

Sales discounts = $10,000; 

Accounts receivable = $20,000; 

Allowance for uncollectible accounts= 500, 

Sales returns = $15,000; 

Operating expenses = $70,000; 

Sales allowances = $25,000. 

Compute net revenues.

Answer rating: 100% (QA)

Net revenues for the company for the year can be calculated by subtracting total expenses from total ... View the full answer