Which of the following refers to the total number of dollars received by a retailer after all refunds have been paid to customers for returned merchandise?
A) a balance sheet
B) gross margin
C) net profit
D) net sales
E) total assets

Question

Quizplus · Accepted Answer

Net sales is the total amount of sales revenue a retailer generates after deducting all sales returns, allowances, and discounts.

Which of the Following Refers to the Total Number of Dollars