Determine Sales Revenue for Mountainstone Company with the following data:
A) $2,385,000
B) $2,445,000
C) $2,835,000
D) $2,775,000

Question

Determine Sales Revenue for Mountainstone Company with the following data: 
A) $2,385,000 
B) $2,445,000 
C) $2,835,000 
D) $2,775,000

Quizplus · Accepted Answer

Sales revenue - Sales returns and allowances - Sales discounts - Cost of goods sold -Operating expenses = Net income
X - $195,000 - $30,000 - $1,680,000 - $420,000 = $510,000
X = $510,000 + $195,000 + $30,000 + $1,680,000 + $420,000
X = $2,835,000

Determine Sales Revenue for Mountainstone Company with the Following Data