Question:Henry Stores, Inc. had sales of $2,000,000 during December. Experience has shown that merchandise equaling 7% of the sales will be returned within 30 days and an additional 3% will be returned within 90 days. The returned merchandise is readily resalable. In addition, merchandise equaling 15% of the sales will be exchanged for merchandise of equal or greater value. What amount should the store report as net sales in its income statement for the month of December? 

A $1,800,000 
B $1,700,000 
C $1,560,000 
D $1,500,000 

+ Answer
A 

+ Explanation
answer not sure

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Md. Habib Ullah

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