Heller Company offers an unconditional return policy to its customers. During the current period, the...
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Heller Company offers an unconditional return policy to its customers. During the current period, the company records total sales of $850,000, with a cost of merchandise to Heller of $340,000. Based on past experience, Heller Company expects 4% of sales to be returned.
How much in gross sales will Heller Company recognize for the current period?
Heller Company offers an unconditional return policy to its customers. During the current period, the company records total sales of $850,000, with a cost of merchandise to Heller of $340,000. Based on past experience, Heller Company expects 4% of sales to be returned.
How much in gross sales will Heller Company recognize for the current period?
850,000
360,000
816,000
489,600
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