Chapter 15.II, Problem 12RE

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8th Edition

Robert Brechner + 1 other

ISBN: 9781305585447

Textbook Problem

For the third quarter. Micro Tech had gross sales of $315,450, sales returns and allowances of $23,100, and sales discounts of $18,700. What were the net sales?

To determine

**To calculate:** The net sales of Micro Tech if gross sales is

Explanation

**Given Information:**

Micro Techâ€™s gross sales is

**Formula used:**

The net sales is computed by subtracting sales returns with allowances and sales discounts from gross sales.

**Calculation:**

Consider Micro Techâ€™s gross sales is

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