Table 5-1 -Referring to Table 5-1, What Is Net Sales Revenue?
A)$400,000

Table 5-1 $$\begin{array} { | l | r | } \hline \text { Sales revenue } & \$ 480,000 \\\hline \text { Cost of goods sold } & 300,000 \\\hline \text { Sales discounts } & 20,000 \\\hline \text { Sales retums and allowances } & 15,000 \\\hline \text { Operating expenses } & 85,000 \\\hline \text { Interest revenue } & 5,000 \\\hline\end{array}$$
-Referring to Table 5-1, what is net sales revenue?

A) $400,000
B) $445,000
C) $415,000
D) $455,000

Correct Answer:

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