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.
A. $780,000
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
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It would be option a