Ask Question
22 December, 08:46

If a company records $42.5m in Revenues for the year and the balances in Sales Discounts and Sales Returns are $2m and $1.5m respectively, what is the value of Net Revenue in millions?

+1
Answers (1)
  1. 22 December, 08:52
    0
    Net Revenue in millions is $39.

    This means revenue is $39 million

    Explanation:

    Sales discount and sales returns actually result in a decrease in the revenue for the period. Discounts are given on bulk purchase (usually) while returns are made when goods are probably defective.

    Net Revenue in millions = $42.5 - $2 - $1.5

    = $39
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “If a company records $42.5m in Revenues for the year and the balances in Sales Discounts and Sales Returns are $2m and $1.5m respectively, ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers