Prentice net sales for this period equal

Assignment Help Finance Basics
Reference no: EM131412494

Prentice Company, Inc. had cash sales of $95,075, credit sales of $83,925, sales returns and allowances of $2,025, and sales discounts of $3,800. Prentice's net sales for this period equal:

  • $176,975.
  • $175,200
  • $95,075.
  • $173,175.
  • $179,000.

Reference no: EM131412494

Questions Cloud

Two basic approaches to measuring brand equity : Given that the power of a brand resides in the minds of consumers and how it changes their response to marketing, there are two basic approaches to measuring brand equity. Briefly, describe each of these approaches.
Pay for the project and still earn its required return : The project has the same risk as the firm's overall operations and must be financed externally. Equity costs 14% and debt costs 4% on an after-tax basis. The firm's D/E ratio is 0.8. What is the most the firm can pay for the project and still earn..
What are the advantages of a rake receiver : What are the advantages of a RAKE receiver in a frequency-selective fading multipath channel? What happens to these advantages when the channel is flat fading?
Design experiment in which you test effect of acidic fluid : make observations and discriminate between scientific and pseudoscientific explanations. Design an experiment in which you will test the effect of an acidic fluid on enzymatic activity.
Prentice net sales for this period equal : Prentice Company, Inc. had cash sales of $95,075, credit sales of $83,925, sales returns and allowances of $2,025, and sales discounts of $3,800. Prentice's net sales for this period equal:
What parts of the data was most interesting to you : What parts of the data was most interesting to you? Which occupations and which occupations might require more than just a BS degree?
What are specific investments and why are they risky : Vertical coordination can facilitate stronger customer-seller ties but at the same time may increase the risk to the customer’s and supplier’s specific investments. What are specific investments and why are they risky?
Which of the methods analyzed here would you use : Blaine Abrams is the owner of a small company that produces electric scissors used to cut fabric. The annual demand is for 75,000 scissors, and Blaine produces the scissors in batches. On average, Blaine can produce 1,000 pairs of scissors per day..
Amount of the cash paid on july : A company purchased $3,200 of merchandise on July 5 with terms 1/10, n/30. On July 7, it returned $350 worth of merchandise. On July 14, it paid the full amount due. The amount of the cash paid on July 14 equals:

Reviews

Write a Review

Finance Basics Questions & Answers

  Define annual report balance sheet income statement etc

Define each of the following terms: a. Annual report; balance sheet; income statement b. Common stockholders' equity, or net worth; retained earnings c. Statement of retained earnings; statement of cash flows d. Depreciation; amortization; EBITDA e. ..

  Calculate the contribution margin for each copy

Fixed expenses for each new edition of the book, Calculate the contribution margin for each copy of the book?

  Sales and collection process

The Beach Dude (BD) employs a legion of current and former surfers as salespeople who push its surfing-oriented products to various customers (usually retail outlets). This case describes BD's sales and collection process.

  Determine the expected value of return

X comapny is planning the pruchase of one of two microfilm cameras, R and S. Both should provide benefits over a 10-year period, and each requires an initial investment of $4,000.

  What are the possible uses of currency outside the fed

In what form can a depository institution hold its required and excess reserves? - What are the possible uses of currency outside the Fed?

  Calculate the thickness of the gaas thin film

How could the feed-gas composition be adjusted so that the molar ratio of Ga to As within the solid thin film is 1:1?

  Would you invest in the stock market today

Given the present economic turmoil and relatively low interest rates, and given your individual risk profile/aversion, would you invest in the stock market today? Why or why not?

  To the nearest dollar how much must he save during each of

john adams is the ceo of a nursing home in san jose. he is now 50 years old and plans to retire in 10 years. he expects

  Facing workforce of future

What do you think are major reasons that more organizations are recruiting diverse workforce? What are some ways that recruiting would be done differently to attract more African Americans? Latinos? Women?

  Derive the differential equation for the downward motion

Using a control-volume analysis of mass and vertical momentum, derive the differential equation for the downward motion v(t) of the liquid. Assume one-dimensional, incompressible, frictionless flow.

  Discuss the implications of a firm using debt versus equity

Discuss the implications of a firm using debt versus equity for funding purposes. Include the important risk and valuation implications. Illustrate the concept using the example of your study company.

  Recent income statement and balance sheet

The most recent income statement and balance sheet for the T. McGraw Corporation are as follows:

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd