1 answer

HOW DO I FIND NET CREDIT SALES OF A COMPANY? I AM TRYING TO CALCULATE BEST...

Question:

HOW DO I FIND NET CREDIT SALES OF A COMPANY?

I AM TRYING TO CALCULATE BEST BUY ACCOUNT RECEIVABLE TURNOVER FOR THE YEAR 2018 BUT I CANNOT FIGURE OUT THE NET CREDIT SALES.


Answers

Net Credit sales is also known as Net sales that is seen on the Income Statement. If you ever have any information on sales done through extension of a credit, then you may have to take off that sales returns from the sales, you'll get the Net Credit sales. If the company's income statement doesn't show it, you have to treat Net Credit Sales as Net Sales.

.

Similar Solved Questions

1 answer
Questions The 3.00 kg block in the figure below is attached to a vertical rod by...
Questions The 3.00 kg block in the figure below is attached to a vertical rod by means of two cords. When the systems rotates about the axis of the rod the cards are extended as shown in the figure and the tension in the upper cord is 80.0 N (a) What is the tension in the lower cord b) How many revo...
1 answer
The unadjusted trial balance of Big Construction company on December 31, 2020, contained the attached accounts...
The unadjusted trial balance of Big Construction company on December 31, 2020, contained the attached accounts at the end of the company's calendar year. Inventory taken on 12/31/2020 was $42,000 Depreciation on equipment was $9,000 Unpaid accrued salaries were $2,800 Unexpired rent amounted to ...
1 answer
The company determines that the interest expense on a note payable for the period ending December...
The company determines that the interest expense on a note payable for the period ending December 31 is $410. This amount is payable on January 1. Prepare the journal entries required on December 31 and January 1. If an amount box does not require an entry, leave it blank. Dec. 31 Jan. 1 Cash Intere...
1 answer
Find the volume of these rectangular prisms base area:56 square in
find the volume of these rectangular prismsbase area:56 square in. height:5 in.base area:72 square yardsheight:8 yds...
1 answer
1. The equation of continuity of a pure fluid is given as др at + V.pv...
1. The equation of continuity of a pure fluid is given as др at + V.pv = 0 a) In performing a derivation in fluid mechanics, you find you need an expression for Dinp Dt Show how this can be obtained from the equation of continuity above....
1 answer
10. You are the owner of a regional chain of and has persuaded you to try...
10. You are the owner of a regional chain of and has persuaded you to try an experiment in your stores. Typically the sales in your et sales. She statistically equal but your daughter insists that if you play music in the stores it Win s stores where beginning to annoy you with her insistence so you...
1 answer
Arl and Simon are two rival pumpkin growers who sell their 27.1 (0) C pumpkins at...
arl and Simon are two rival pumpkin growers who sell their 27.1 (0) C pumpkins at the Farmers' Market in Lake Witchisit, Minnesota. They are the only sellers of pumpkins at the market, where the demand function for pumpkins is q 3.200-1.600p. The total number of pumpkins sold at the market is q ...
1 answer
Si units For H20, determine the specific volume at the indicated state, in m3/kg. (a) T-440°C,...
si units For H20, determine the specific volume at the indicated state, in m3/kg. (a) T-440°C, p-20 MPa. (b) T= 80°C, p = 20 MPa. (c) T= 80°C, p = 2 MPa...
1 answer
Using C++ language!! please help me out with this homework In this exercise, you will have...
using C++ language!! please help me out with this homework In this exercise, you will have to create from scratch and utilize a class called Student1430. Student 1430 has 4 private member attributes: lastName (string) firstName (string) exams (an integer array of fixed size of 4) average (double) St...
1 answer
For what values of x is #f(x)=(2x-1)(3x-5) (x-2)# concave or convex?
For what values of x is #f(x)=(2x-1)(3x-5) (x-2)# concave or convex?...
1 answer
Question 4 (1 point) Suppose P(M) = 0.5, P(N) = 0.5 and P( M and N)...
Question 4 (1 point) Suppose P(M) = 0.5, P(N) = 0.5 and P( M and N) = 0 Find P((M and N)) 0.25 0.0 0.5 1.0 0.75 Previous Page Next Page 0 AM...
1 answer
Explain at least 2 difference methods that can be used to pay employees. You are also...
Explain at least 2 difference methods that can be used to pay employees. You are also required to describe where to find information about payments in an organisation and the records that correspond to different payment methods. (simple and original answer please)...
1 answer
Class BinaryTree: def __init__(self, data, left=None, right=None): self.__data = data self.__left = left self.__right = right...
class BinaryTree: def __init__(self, data, left=None, right=None): self.__data = data self.__left = left self.__right = right def insert_left(self, new_data): if self.__left == None: self.__left = BinaryTree(new_data) else: t =...
1 answer
3. Consider a unity feedback system with G(s)=- s(s+1)(s+2) a) Sketch the bode plot and find...
3. Consider a unity feedback system with G(s)=- s(s+1)(s+2) a) Sketch the bode plot and find the phase margin, gain crossover frequency, gain margin, and phase crossover frequency. b) Suppose G(s) is replaced with — - Kets s(s+1)(s+2) i. For the phase margin you have computed in (a), find the ...
1 answer
Pearl Centre is an experienced home appliance dealer. Pearl Centre also offers a number of services...
Pearl Centre is an experienced home appliance dealer. Pearl Centre also offers a number of services together with the home appliances that it sells. Assume that Pearl Centre sells ovens on a stand- alone basis. Pearl Centre also sells installation services and maintenance services for ovens. However...
1 answer
A chemist working as a safety inspector finds an unmarked bottle in a lab cabinet. A...
A chemist working as a safety inspector finds an unmarked bottle in a lab cabinet. A note on the door of the cabinet says the cabinet is used to store bottles of methyl acetate, glycerol, chloroform, pentane, and ethanolamine. The chemist plans to try to identify the unknown liquid by measuring the ...
1 answer
Another name for "critical" value is: A radical value B panic value C random value D...
Another name for "critical" value is: A radical value B panic value C random value D static value...