Question : 31. Newark Company has provided the following information: ? Cash sales, : 1228520
31. Newark Company has provided the following information: ? Cash sales, $450,000 ? Credit sales, $1,350,000 ? Selling and administrative expenses, $330,000 ? Sales returns and allowances, $90,000 ? Depreciation expense, $101,000 ? Gross profit, $1,360,000 ? Increase in accounts receivable, $55,000 ? Bad debt expense, $33,000 ? Sales discounts, $43,000 How much are Newark’s net sales? A. $1,634,000 B. $1,800,000 C. $1,667,000 D. $1,745,000 32. Flyer Company has provided […]