Hello I need help with the following questions e Chegg Study

Hello, I need help with the following question(s):

e Chegg Study! Guided So X. Connect xC On April 1, Griffith Publis x CSecure httpsnewconnect.mheducation.comfo/ccthtml Exam 2 Saved Help Save & Exit Submit 8 MC Qu. 119 Garza Company had sales of... Garza Company had sales of $144,200, sales discounts of $2,175, and sales returns of S3,460. Garza Company\'snet sales equals pcinis Multiple Choice 01 5140 $5.635 $138.565 $142025 $144.200 Mc Graw

Solution

8. Option B ($138,565) is the answer

Net sales = Sales - Sales Discounts - Sales returns

=144200-2175-3460

=$138,565

9. Option D ($230,500) is the answer

Sales - Cost of Goods Sold = Gross Profit

398400- cost of goods sold =167900

Cost of Goods Sold = 398400-167900

=230,500