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Lewis Inc. had the following information taken from various accounts for 2015: Sales Discounts $41,000 Unearned Revenue $32,000 Total Sales $459,000 Purchase Discounts $15,000 Sales Allowances $35,000 Accounts Receivable $205,000 What was Lewis Inc.'s net revenues in 2015?

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jepessoa

Answer:

Th answer is: net revenue = $383,000

Explanation:

Lewis Inc.'s net revenues can be calculated using the following formula:

net revenue = total sales -sales discounts - sales allowances

net revenue = $459,000 - $41,000 - $35,000

net revenue = $383,000

Accounts receivables, unearned revenues and purchase discounts are not considered in the calculation of net revenue.

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