Question

Eric Company has the following information: Total revenues $860,000 Sales returns and allowances $50,000 Sales discounts $30,000 Ending inventory $100,000 What is the amount of net revenues for Eric Company? Select one:

A. $780,000.
B. $680,000.
C. $230,000.
D. $330,000.

Answer 1

A. $780,000

Step-by-step explanation:

Net Receivables = Total receivalbles - Sales discount - Sales returns and allowances

= $860,000 - $30,000 - $50,000

= $780,000

Therefore, The amount of net revenues for Eric Company is $780,000