Based on the information in Table B-1, net sales are:
A) $560,000.
B) $530,000.
C) $650,000.
D) $610,000.
E) $600,000.

Question

Quizplus · Accepted Answer

Net sales are calculated by subtracting sales discounts, sales returns and allowances, and bad debt expense from gross sales. 
$650,000 (gross sales) - $30,000 (sales discounts) - $10,000 (sales returns and allowances) - $10,000 (bad debt expense) = $600,000 (net sales)

Based on the Information in Table B-1, Net Sales Are